306 West 1st Street
Port Angeles, WA 98362
$1,299,950
Price
15
Beds
12
Baths
11,856 Sq. Ft.
$110 / Sq. Ft.
11,856
Sq. Ft.
$110
per Sq. Ft.
Virtual Tour
Virtual Tour
Listing provided courtesy of Ideal Real Estate
Description
Own a piece of Port Angeles history! Bayview Apartments has been a landmark in downtown Port Angeles since 1921. With 12 units there is constant cashflow and these units are in high demand and rent instantly. The yearly income is over $148K and the current owners have spent the last seven years going through the units and doing repairs and upgrades. At this point, the building is in great shape and future expenses should be minimal. The unfinished bottom story provides an opportunity to expand the...Own a piece of Port Angeles history! Bayview Apartments has been a landmark in downtown Port Angeles since 1921. With 12 units there is constant cashflow and these units are in high demand and rent instantly. The yearly income is over $148K and the current owners have spent the last seven years going through the units and doing repairs and upgrades. At this point, the building is in great shape and future expenses should be minimal. The unfinished bottom story provides an opportunity to expand the building by 50% without a lot of expense meaning that cashflow can easily increase with some additional investment. Lot to the West is also available for sale separately
- Listed by Joanne Soderlind • Ideal Real Estate
- Listed by Brody Broker • Ideal Real Estate
Property Details for 306 West 1st Street
Community Name
Port Angeles
School DistrictPort Angeles
ViewMountain(s), Strait
Number of Assigned Spaces8
Total Covered Parking0
Entry Date10-21-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 11/13/2024 12:17 PM
Property Details for 306 West 1st Street
| Status | Active |
|---|---|
| MLS # | 2303930 |
| Days on Market | 27 |
| Cumulative Days on Market | 27 |
| Taxes | $2,853 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1921 |
| Lot Size | 0.16 AC / 7,000 SF |
| County | Clallam County |
Virtual Tour
Building Information for 306 West 1st Street
Stories3Residences12Year Built1921Building Size-Lot Size0.16 AC / 7,000 SF
Property Information for 306 West 1st Street
Summary
Location and General Information
- Style: 56 - 10+ Units
- Area: 921 - Central East Port Angeles
- Block: 34 TPA
- Elementary School: Buyer To Verify
- Middle Or Junior School: Buyer To Verify
- High School: Buyer To Verify
- Effective Year Built Source: Public Records
- Directions: From 101 Go west on front to left on first. Property on south side.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 8.0
- Open Parking: Yes
Virtual Tour
- Virtual Tour URL Unbranded: https://youtu.be/mMtaQm3cX3g
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Floor Covering: Laminate, Carpet
- Features: Laminate, Wall to Wall Carpet
- Amenities: Basement,Storage
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Radiator
- FIRPTA: No
Exterior Features
- Exterior: Stucco
- Roof: Flat
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 0
- Power Company: City of PA
- Sewer Company: City of PA
- Water Company: City of PA
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Zoning Class: Commercial
- First Right Of Refusal: false
- Possible Use: Commercial
- MLS Square Footage Source: Clallam County
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1921
- Photos Count: 39
Lot Information
- Lot Details: Alley, Paved, Sidewalk
- Lot Number: 2
- Lot Size Source: Clallam County Map
- Parcel Number Free Text: 0630000034030
- Building Condition: Good
- Calculated Square Footage: 11856
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 11856.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 8
- Number of Stories in Building: 3
- Vacancy Rate: 0
- Number Of Units Total: 12
- Units Below Grade: false
- Units In Building Total: 12
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 85569
- Gross Adjusted Income: 171000
- Gross Rent Multiplier: 8.77
- Gross Scheduled Income: $171,000
- Insurance Expense: $10,330
- Net Operating Income: $67,839
- Other Expenses: $72,386
- Total Monthly Income: 14250
- Fuel Expense: $0
Unit 1
- Name Unit 1: 0
- Washer/Dryer Unit 1: false
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: false
- Bedrooms Unit 1: 0
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 1
- Washer/Dryer Unit 2: false
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: false
- Bedrooms Unit 2: 1
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 2
- Washer/Dryer Unit 3: false
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: false
- Bedrooms Unit 3: 1
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 3
- Washer/Dryer Unit 4: false
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: false
- Bedrooms Unit 4: 1
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: 4
- Washer/Dryer Unit 5: false
- Range/Oven Unit 5: true
- Refrigerator Unit 5: true
- Dishwasher Unit 5: false
- Bedrooms Unit 5: 2
- Bathrooms Unit 5: 1
Unit 6
- Name Unit 6: 5
- Washer/Dryer Unit 6: false
- Range/Oven Unit 6: true
- Refrigerator Unit 6: true
- Dishwasher Unit 6: false
- Bedrooms Unit 6: 2
- Bathrooms Unit 6: 1
Unit 7
- Name Unit 7: 6
- Washer/Dryer Unit 7: false
- Range/Oven Unit 7: true
- Refrigerator Unit 7: true
- Dishwasher Unit 7: false
- Bedrooms Unit 7: 1
- Bathrooms Unit 7: 1
Unit 8
- Name Unit 8: 7
- Washer/Dryer Unit 8: false
- Range/Oven Unit 8: true
- Refrigerator Unit 8: true
- Dishwasher Unit 8: false
- Bedrooms Unit 8: 1
- Bathrooms Unit 8: 1
Unit 9
- Name Unit 9: 8
- Washer/Dryer Unit 9: false
- Range/Oven Unit 9: true
- Refrigerator Unit 9: true
- Dishwasher Unit 9: false
- Bedrooms Unit 9: 1
- Bathrooms Unit 9: 1
Unit 10
- Name Unit 10: 9
- Washer/Dryer Unit 10: false
- Range/Oven Unit 10: true
- Refrigerator Unit 10: true
- Dishwasher Unit 10: true
- Bedrooms Unit 10: 1
- Bathrooms Unit 10: 1
Unit 11
- Name Unit 11: 10
- Washer/Dryer Unit 11: false
- Range/Oven Unit 11: true
- Refrigerator Unit 11: true
- Dishwasher Unit 11: false
- Bedrooms Unit 11: 2
- Bathrooms Unit 11: 1
Unit 12
- Name Unit 12: 11
- Washer/Dryer Unit 12: false
- Range/Oven Unit 12: true
- Refrigerator Unit 12: true
- Dishwasher Unit 12: false
- Bedrooms Unit 12: 2
- Bathrooms Unit 12: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 7904.0
- Leasable Area Units: Square Feet
Property History for 306 West 1st Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 306 West 1st Street
Taxable ValueLand$70,000Additions$207,200Total$277,200
Tax Record2023$2,941 ($245 / month)
Home Facts
Total Finished SqFt7,904 SqFtAbove Ground SqFt7,904 SqFtStyleMulti-Family Res (5+ Units)Year Built1921CountyCLALLAMAPN0630000034030000
Schools near 306 West 1st Street
This home is within Port Angeles School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 8 |
Rating | School | Distance |
|---|---|---|
Jefferson Elementary School PublicPK to 6 | ||
Stevens Middle School Public7 to 8 | ||
Port Angeles High School Public9 to 12 | ||
Parents As Partners PublicK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Ideal Real Estate
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.
