Date
Details
Price
Change
Source
6/04/2026
Listed
$2,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$2,000,000
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Property Description
Oak Harbor Terrace, a 14-unit multifamily investment opportunity located in Oak Harbor. The property offers investors an attractive combination of stable in-place cash flow and clear upside potential in a supply-constrained rental market supported by Naval Air Station Whidbey Island. Originally constructed in 1959, the property includes approximately 7,295 square feet of net rentable area across three buildings: a fourplex with a ground-floor commercial space, a nine-unit apartment building, and a single-family residence. The efficient unit layouts are well suited to local workforce housing demand. The asset provides meaningful opportunity to enhance income through rental rate growth, utility reimbursement optimization, and operational improvements.
Full Property Details
Full Property Details for 33020 State Rte 20 #1-14
General
- Price: $2,000,000
- Taxes: $12,736 (2026)
- Status: Active
- Type: Multi-Family
- Source: NWMLS
- MLS ID: 2531319
- Updated: 6/4/2026
- Added to Site: 37 day(s) ago
Interior
- Flooring: Laminate, Vinyl Plank, Carpet
Parking
- Garage Spaces: 1
- Covered Spaces: 1
- Uncovered Spaces: 22
Location
- Area: 813 - North Whidbey Island
- County: Island
- Subdivision: City Of Oak Harbor
- Driving Directions: From Oak Harbor, north on 20, on the right after the Midway/Goldie light. From the bridge, on left just before the Midway/Goldie light (across from the Best Western).
School Information
- High School District: Oak Harbor
- Elementary School: Buyer To Verify
- Middle School: Buyer To Verify
- High School: Buyer To Verify
Heating & Cooling
- Cooling Type: None
- Heating Type: Baseboard, Forced Air, Wall Furnace
Utilities
- Sewer: Sewer Connected
- Water: Public
Structural Information
- Structure Type: Multi Family
- Exterior Const.: Cement/Concrete, Wood
- Foundation: Block, Slab
- Roof: Composition, Flat, Torch Down
- Stories in Building: 1
- Square Feet: 7,295
- Year Built: 1959
- Property Condition: Good
Unit Information
- Units in Building: 14
Lot Features
- Lot Size (Acres): 1.4463
- Lot Size (Sq. Ft.): 63,000
- Lot Size Source: Realist
- Lot Features: Paved
- Zoning: Commercial, Multi-Family
Financial Considerations
- Tax Amount: $12,736
- Tax Year: 2026
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: None
- Property ID: R133353674010
Listed by Jason McFadyen | Windermere/Whidbey Mgmt Serv. | (360) 675-3329
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Schools
Schools serving 33020 State Rte 20 #1-14
School District:Oak Harbor School District
| Name | Grades | Distance |
|---|---|---|
Olympic View Elementary School, Oak Harbor, WA 380 Northeast Regatta Drive, Oak Harbor, WA 98277 | K-4 | 0.6 mi |
Oak Harbor Intermediate School 150 Southwest 6th Avenue, Oak Harbor, WA 98277 | 5-6 | 1.2 mi |
North Whidbey Middle School 67 Northeast Izett Street, Oak Harbor, WA 98277 | 7-8 | 0.6 mi |
Oak Harbor High School 950 Northwest 2nd Avenue, Oak Harbor, WA 98277 | 9-12 | 1.3 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 33020 State Rte 20 #1-14
Estimate the Cost
Estimate the Cost for 33020 State Rte 20 #1-14
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- Manufactured Home
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- Single Family
- Closed
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- 3,015Sq. Ft.
Listed by Kelli Lang | RE/MAX Gateway and Adam Baldwin | RE/MAX Gateway
Sold by Anastasia Reed | Windermere West Metro
Sold by Anastasia Reed | Windermere West Metro
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Listed by Irene C. Echenique | Windermere Whidbey Island
Sold by No Member Specified | LS-NonOffice
Sold by No Member Specified | LS-NonOffice
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Listed by Malia Morin | American Dream R. E. Services and Leonard Johnson | American Dream R. E. Services
Sold by Brinna J. Thayer | Windermere RE Anacortes Prop.
Sold by Brinna J. Thayer | Windermere RE Anacortes Prop.
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Listed by Jessica J. Notaro | Windermere RE Anacortes Prop.
Sold by Unrepresentd ZDefault | ZNonMember-Office-MLS
Sold by Unrepresentd ZDefault | ZNonMember-Office-MLS
33020 State Route 20 #1-14, Oak Harbor, WA 98277 (MLS# 2531319) is a Multi-Family property with 15 units containing 0 bedrooms and 0 full bathrooms. 33020 State Route 20 #1-14 is currently listed for $2,000,000 and was received on June 04, 2026. Want to learn more about 33020 State Route 20 #1-14? Do you have questions about finding other Multi-Family 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.