PROPERTIES FOR SALE

2938 E Walnut Street Port Angeles, WA 98362

NWMLS Courtesy of Ideal Real Estate
2938 E Walnut Street
Port Angeles, WA 98362
$2,949,950
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Active
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Turnkey multifamily investment opportunity in Port Angeles — 14 units across two tax parcels, 100% leased with zero vacancies, delivering immediate cash flow from day one. The 12-unit apartment building has had 8 of the units fully refreshed throughout, updated and move-in ready. A brand new roof was installed in 2024, protecting your investment from day one. A second parcel adds a single-family home and single-wide manufactured home, rounding out a diversified income portfolio. Several units are currently below market rent, offering strong upside potential through natural turnover — ideal for investors seeking a value-add play or 1031 exchange opportunity. The second parcel also carries potential for up to 7 additional units, subject to buyer verification with Clallam County, making this a compelling development opportunity in a supply-constrained market. Located in the heart of Port Angeles — gateway to Olympic National Park, minutes from the Strait of Juan de Fuca waterfront, downtown dining, and the Coho Ferry to Victoria, BC. Strong rental demand driven by tourism, healthcare, and a growing remote workforce makes this a high-visibility rental market with lasting fundamentals. Stabilized asset. Fully occupied. Renovation complete. Room to grow.

Property Features

Community: Northeast Port Angeles
10+ Units
View:
Exterior: Wood Products
Roof: Composition
Year Built: 1972
2026 Taxes: $19657.00
Buyer Broker Comp.: 2.5%
Listing #: 2535283

Lot Details

Lot Size: 0.82 acres
No. of Units: 14

Interior

Cooling: None
Heating: Baseboard
Electric

Common Features

Coin Op Laundry

Schools

District: Port Angeles
Elem: Buyer To Verify
Middle: Buyer To Verify
High: Buyer To Verify
Call or Email:
Grace Wamwere

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Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
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