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$625,000 Just Listed

  • For Sale
  • Active
  • Industrial
  • Updated 1 day ago

Listed by Jim Woessner | Better Homes&Gardens McKenzie | (360) 639-4070 and Evelyn Ortega | Better Homes&Gardens McKenzie | (360) 639-4070

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Prime mixed-use investment opportunity in Oak Harbor's commercial business district. Property includes 2 commercial spaces on the ground floor with strong visibility & tenant appeal. Upper level features a partially completed condo conversion, offering value-add potential for multiple residential units up to 4 stories, live/work space, or expanded commercial use. Flexible zoning supports multiple income strategies. Upgraded fire system & large on-site parking lot with & existing drainage system already in place-reducing development costs & timelines. Conveniently located near shops, public transportation & parks, enhancing long-term desirability for tenants & owners alike. Ideal for investors seeking current income with future upside.

Full Property Details for 1131 SE Ely St

General

  • Price: $625,000
  • Status: Active
  • Type: Industrial
  • Source: NWMLS
  • MLS ID: 2549384
  • Updated: 7/30/2026
  • Added to Site: 4 day(s) ago

Interior

  • Flooring: Carpet

Location

  • Area: 813 - North Whidbey Island
  • County: Island
  • Subdivision: City Of Oak Harbor
  • Driving Directions: GPS Friendly.

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Forced Air

Utilities

  • Water: Public

Structural Information

  • Structure Type: Unspecified
  • Year Built: 1977
  • Property Condition: Fair

Lot Features

  • Lot Size (Acres): 0.4
  • Lot Size (Sq. Ft.): 17,424
  • Zoning: Commercial

Financial Considerations

  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: R132022601820

Listed by Jim Woessner | Better Homes&Gardens McKenzie | (360) 639-4070 and Evelyn Ortega | Better Homes&Gardens McKenzie | (360) 639-4070

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NMLS#: 1598647

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Schools serving 1131 SE Ely St

School District:Oak Harbor School District
NameGradesDistance
Oak Harbor Intermediate School
150 Southwest 6th Avenue, Oak Harbor, WA 98277
5-60.5 mi
Oak Harbor Elementary School
151 Southeast Midway Boulevard, Oak Harbor, WA 98277
K-40.6 mi
North Whidbey Middle School
67 Northeast Izett Street, Oak Harbor, WA 98277
7-80.7 mi
Oak Harbor High School
950 Northwest 2nd Avenue, Oak Harbor, WA 98277
9-121.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1131 SE Ely St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/30/2026
Listed
$625,000
75.56%
MLS
10/25/2018
Sold
$356,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1131 SE Ely St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,234
26%
$637,191
41%
2021
$4,151
-13%
$450,459
-15%
2023
$4,760
15%
$530,995
38%
2021
$4,151
8%
$385,939
9%
2020
$3,851
14%
$354,367
5%
2019
$3,370
-5%
$336,783
8%
2018
$3,532
7%
$311,133
—
2017
$3,314
-36%
$310,711
-51%
2016
$5,189
—
$640,152
40%
2015
$5,189
5%
$458,792
5%
2014
$4,964
14%
$436,175
-3%
2013
$4,337
—
$449,244
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Jim Woessner | Better Homes&Gardens McKenzie | (360) 639-4070 and Evelyn Ortega | Better Homes&Gardens McKenzie | (360) 639-4070

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1131 SE Ely Street, Oak Harbor, WA 98277 (MLS# 2549384) is a Industrial property. 1131 SE Ely Street is currently listed for $625,000 and was received on July 30, 2026. Want to learn more about 1131 SE Ely Street? Do you have questions about finding other Industrial real estate for sale in Oak Harbor? You can browse all Oak Harbor real estate or contact a Coldwell Banker agent to request more information.

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