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Twin Oaks Apartments 1475 SE 9th Ave 8 Unit Apartment Building $1,600,000 ($200,000/Unit) 3.79% Cap Rate Oak Harbor, WA 98277

Apartment Buildings Washington Oak Harbor 1475 SE 9th Ave, Oak Harbor, WA 98277

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INVESTMENT HIGHLIGHTS

  • Views of Oak Harbor - The Puget Sound
  • Easy access to transit lines, schools, the College, shopping, local parks, trails, City Beach and NAS Whidbey.
  • Lots of Natural Light

EXECUTIVE SUMMARY

GREAT!!! location and investment property with views of Oak Harbor Bay. 8-unit Twin Oaks apartment building located in the heart of Oak Harbor. Fully leased building with great rental history. Private on-site parking. Two-level apartment complex features include one-bedroom one-bath units. Easy access to transit lines, schools, the College, shopping, local parks, trails, City Beach and NAS Whidbey. Currently rented below market value. 1% Vacancy rate over the last 3 years.

ATTACHMENTS

One-Bedroom Layout Bldg. 1475 #104
Building 1475 - Upper Level
Building 1475 - Lower Level

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income $87,300 $18.56
Other Income - -
Vacancy Loss $1,650 $0.35
Effective Gross Income $85,650 $18.21
Taxes $4,619 $0.98
Operating Expenses $3,430 $0.73
Total Expenses $8,049 $1.71
Net Operating Income $77,601 $16.50

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual $87,300
Annual Per SF $18.56
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual $1,650
Annual Per SF $0.35
Effective Gross Income
Annual $85,650
Annual Per SF $18.21
Taxes
Annual $4,619
Annual Per SF $0.98
Operating Expenses
Annual $3,430
Annual Per SF $0.73
Total Expenses
Annual $8,049
Annual Per SF $1.71
Net Operating Income
Annual $77,601
Annual Per SF $16.50

PROPERTY FACTS

Price $1,600,000 Apartment Style Low-Rise
Price Per Unit $200,000 Building Class C
Sale Type Investment Lot Size 0.27 AC
Cap Rate 3.79% Building Size 4,704 SF
Gross Rent Multiplier 18.32 Average Occupancy 100%
No. Units 8 No. Stories 2
Property Type Multifamily Year Built/Renovated 1976/2021
Property Subtype
Apartment
  • Multifamily Apartments
 Parking Ratio 1.7/1,000 SF
Zoning Residential
Price $1,600,000
Price Per Unit $200,000
Sale Type Investment
Cap Rate 3.79%
Gross Rent Multiplier 18.32
No. Units 8
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Apartments
Apartment Style Low-Rise
Building Class C
Lot Size 0.27 AC
Building Size 4,704 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1976/2021
Parking Ratio 1.7/1,000 SF
Zoning Residential

AMENITIES

SITE AMENITIES

  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 8 - 588
1 1
1475 SE 9th Ave, Oak Harbor, WA - AERIAL map view - Image1
1475 SE 9th Ave, Oak Harbor, WA - AERIAL map view - Image2
1475 SE 9th Ave, Oak Harbor, WA - AERIAL map view - Image3
1475 SE 9th Ave, Oak Harbor, WA - AERIAL map view - Image4
1475 SE 9th Ave, Oak Harbor, WA - AERIAL map view - Image5
1475 SE 9th Ave, Oak Harbor, WA - AERIAL map view - Image6
1475 SE 9th Ave, Oak Harbor, WA - AERIAL map view - Image7
1475 SE 9th Ave, Oak Harbor, WA - AERIAL map view - Image8
(360) 632-4952

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Contact the broker for more information about this property

CONTACT

  • Listing ID: 38088480

  • Date on Market: 10/15/2025

  • Last Updated:

  • Address: 1475 SE 9th Ave, Oak Harbor, WA 98277

The Multifamily Property at 1475 SE 9th Ave, Oak Harbor, WA 98277 is currently available for Sale. Contact Coldwell Banker 360 Team for more information.

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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW STREET
MAP
1475 SE 9th Ave, Oak Harbor, WA for sale Aerial- Image 1 of 37
Aerial View of Property Looking South.
1475 SE 9th Ave, Oak Harbor, WA for sale Primary Photo- Image 2 of 37
Apartment from SE 9th Ave.
1475 SE 9th Ave, Oak Harbor, WA for sale Building Photo- Image 3 of 37
Apartment from SE 9th Ave.
1475 SE 9th Ave, Oak Harbor, WA for sale Building Photo- Image 4 of 37
Typical Entry upper and lower units.
1475 SE 9th Ave, Oak Harbor, WA for sale Building Photo- Image 5 of 37
Assigned parking in front of the units.
1475 SE 9th Ave, Oak Harbor, WA for sale Building Photo- Image 6 of 37
Apartment parking area and side yard on the East.
1475 SE 9th Ave, Oak Harbor, WA for sale Aerial- Image 7 of 37
Property with property lines.
1475 SE 9th Ave, Oak Harbor, WA for sale Aerial- Image 8 of 37
Aerial View from the West.
1475 SE 9th Ave, Oak Harbor, WA for sale Aerial- Image 9 of 37
Aerial view from the Northeast looking toward downtown Oak Harbor and the Olympics.
1475 SE 9th Ave, Oak Harbor, WA for sale Aerial- Image 10 of 37
Aerial view from the Noth looking South.
1475 SE 9th Ave, Oak Harbor, WA for sale Floor Plan- Image 11 of 37
Typical Floor Plan
1475 SE 9th Ave, Oak Harbor, WA for sale Interior Photo- Image 12 of 37
Typical kitchen.
1475 SE 9th Ave, Oak Harbor, WA for sale Interior Photo- Image 13 of 37
Living room with dining area.
1475 SE 9th Ave, Oak Harbor, WA for sale Interior Photo- Image 14 of 37
Typical living room in ground floor unit with exterior patio.
1475 SE 9th Ave, Oak Harbor, WA for sale Interior Photo- Image 15 of 37
Typical living area.
1475 SE 9th Ave, Oak Harbor, WA for sale Interior Photo- Image 16 of 37
Typical bedroom with natural light.
1475 SE 9th Ave, Oak Harbor, WA for sale Interior Photo- Image 17 of 37
Bathroom.
1475 SE 9th Ave, Oak Harbor, WA for sale Interior Photo- Image 18 of 37
Typical kitchen.
1475 SE 9th Ave, Oak Harbor, WA for sale Other- Image 19 of 37
Backyard. View of the bay.
1475 SE 9th Ave, Oak Harbor, WA for sale Other- Image 20 of 37
View of Oak Harbor looking Southeast and the marina.
1475 SE 9th Ave, Oak Harbor, WA for sale Interior Photo- Image 21 of 37
Typical kitchen with bar seating.
1475 SE 9th Ave, Oak Harbor, WA for sale Interior Photo- Image 22 of 37
Dining area adjacent to the kitchen.
1475 SE 9th Ave, Oak Harbor, WA for sale Interior Photo- Image 23 of 37
Kitchen bar seating at the kitchen and dining room.
1475 SE 9th Ave, Oak Harbor, WA for sale Interior Photo- Image 24 of 37
Living room with a view of Oak Harbor.
1475 SE 9th Ave, Oak Harbor, WA for sale Interior Photo- Image 25 of 37
Typical living area.
1475 SE 9th Ave, Oak Harbor, WA for sale Interior Photo- Image 26 of 37
Bathroom.
1475 SE 9th Ave, Oak Harbor, WA for sale Interior Photo- Image 27 of 37
Bedroom with closet.
1475 SE 9th Ave, Oak Harbor, WA for sale Interior Photo- Image 28 of 37
Typical bedroom with natural light.
1475 SE 9th Ave, Oak Harbor, WA for sale Interior Photo- Image 29 of 37
View from patio looking South. Oak Harbor and the marina.
1475 SE 9th Ave, Oak Harbor, WA for sale Building Photo- Image 30 of 37
Typical exterior patio.
1475 SE 9th Ave, Oak Harbor, WA for sale Building Photo- Image 31 of 37
Typical exterior patio.
1475 SE 9th Ave, Oak Harbor, WA for sale Building Photo- Image 32 of 37
On-grade backyard looking South.
1475 SE 9th Ave, Oak Harbor, WA for sale Building Photo- Image 33 of 37
South Elevation.
1475 SE 9th Ave, Oak Harbor, WA for sale Aerial- Image 34 of 37
Aerial view from the North looking South.
1475 SE 9th Ave, Oak Harbor, WA for sale Aerial- Image 35 of 37
Aerial view looking from the Southwest.
1475 SE 9th Ave, Oak Harbor, WA for sale Aerial- Image 36 of 37
Aerial view from the Southeast.
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Twin Oaks Apartments | 1475 SE 9th Ave
(360) 632-4952 x

Twin Oaks Apartments | 1475 SE 9th Ave

Alex Pfeiffer
(360) 632-4952

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