2938 E Walnut Street, Port Angeles, WA 98362 (MLS # 2535283)

Save to Favorites
 Print
 Share
Listing provided courtesy of Northwest MLS; Ideal Real Estate

PRICE $2,949,950
BEDS 0
BATHS 0
HOME SIZE 9,612 sqft
LOT SIZE 35,685 sqft
Request More Info Schedule a Showing
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.

LAST UPDATED 6/5/2026 TRACT Northeast Port Angeles
YEAR BUILT 1972 COMMUNITY Northeast Port Angeles
COUNTY Clallam STATUS Active
PROPERTY TYPE(S) Multi Family

SCHOOLS
Elementary School Buyer To Verify
Jr. High School Buyer To Verify
High School Buyer To Verify


ADDITIONAL DETAILS
AIR None
AREA 918 - E of Port Angeles N
CONSTRUCTION Wood Siding
HEAT Baseboard, Electric
LOT 0.8192 acre(s)
MLS STATUS Active
STORIES 2
STYLE 56 - 10+ Units
SUBDIVISION Northeast Port Angeles
TAXES 19657
UTILITIES Sewer Connected
VIEW Yes
VIEW DESCRIPTION Mountain(s)
WATER Public
ZONING Multi-Family,Residential

SATELLITE VIEW



 
CONTACT US ABOUT 2938 E WALNUT STREET
 / 
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Andrea Chatard to contact you even if your name is on a Federal or State "Do not call List".

Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 6/7/26 5:36 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

DMCA Notice

  Logo

This IDX solution is (c) Diverse Solutions 2026.