527 East 1st Street
Port Angeles, WA 98362
$1,595,000
Price
17
Beds
12
Baths
10,546 Sq. Ft.
$151 / Sq. Ft.
10,546
Sq. Ft.
$151
per Sq. Ft.
Listing provided courtesy of Westlake Associates, Inc.
Description
Built in 1953, this 12-Unit property offers a diverse mix of spacious unit sizes, including 1-bedroom, 2-bedroom, and 3-bedroom units. Recent updates, including renovations to individual units, provide a pleasant blend of classic aesthetics and contemporary convenience. Approximately 6 units have been remodeled within the last 2 years. The property fosters a sense of community, with common areas and outdoor spaces that encourage social interaction among residents. Great central Port Angeles Location....Built in 1953, this 12-Unit property offers a diverse mix of spacious unit sizes, including 1-bedroom, 2-bedroom, and 3-bedroom units. Recent updates, including renovations to individual units, provide a pleasant blend of classic aesthetics and contemporary convenience. Approximately 6 units have been remodeled within the last 2 years. The property fosters a sense of community, with common areas and outdoor spaces that encourage social interaction among residents. Great central Port Angeles Location. New Electrical. 4 Separate Storage Units. Coin-Operated Laundry. Port Angeles is experiencing growth and development, making it an ideal time to invest in multifamily properties in the area.
- Listed by Reid Jones • Westlake Associates, Inc.
Property Details for 527 East 1st Street
Community Name
Port Angeles
School DistrictPort Angeles
Number of Assigned Spaces6
Total Covered Parking0
Entry Date06-14-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 11/13/2024 10:51 AM
Property Details for 527 East 1st Street
| Status | Active |
|---|---|
| MLS # | 2252417 |
| Days on Market | 156 |
| Cumulative Days on Market | 156 |
| Taxes | $4,346 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1953 |
| Lot Size | 0.16 AC / 7,000 SF |
| County | Clallam County |
Building Information for 527 East 1st Street
Stories2Residences12Year Built1953Building Size-Lot Size0.16 AC / 7,000 SF
Property Information for 527 East 1st Street
Summary
Location and General Information
- Style: 56 - 10+ Units
- Area: 921 - Central East Port Angeles
- Directions: Heading West on US-101 from Sequim. Keep right to continue on to E Front St. Turn left onto N Vine St. Turn left onto E 1st St. Site is on the left.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 6.0
- Open Parking: Yes
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: Vinyl, Carpet
- Features: Wall to Wall Carpet
- Amenities: Coin Op Laundry,Storage
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Wall Unit(s)
Exterior Features
- Exterior: Wood
- Roof: Flat, Torch Down
Property
Utilities
- Water/Sewer/Garbage: 24497
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Class: Multi-Family
- First Right Of Refusal: false
- Possible Use: Multi-Family
- MLS Square Footage Source: Clallam County Assessor
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 10
Lot Information
- Lot Details: Alley, Curbs, Paved
- Lot Size Source: Clallam County Assessor
- Parcel Number Free Text: 0630005120500000
- Calculated Square Footage: 10546
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 10546.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 6
- Number of Stories in Building: 2
- Vacancy Rate: 8274
- Number Of Units Total: 12
- Units Below Grade: false
- Units In Building Total: 12
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 67172
- Gross Adjusted Income: 176286
- Gross Rent Multiplier: 9.64
- Gross Scheduled Income: $184,560
- Insurance Expense: $4,800
- Net Operating Income: $109,114
- Other Expenses: $33,529
- Total Monthly Income: 16195
- Fuel Expense: $0
Unit 1
- Name Unit 1: 12
- Square Feet Unit 1: 968
- Rent Unit 1: $1,530.00
- Bedrooms Unit 1: 3
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 11
- Square Feet Unit 2: 773
- Rent Unit 2: $998.00
- Bedrooms Unit 2: 1
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 10
- Square Feet Unit 3: 600
- Rent Unit 3: $1,050.00
- Bedrooms Unit 3: 1
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 9
- Square Feet Unit 4: 875
- Rent Unit 4: $1,300.00
- Bedrooms Unit 4: 2
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: 8
- Square Feet Unit 5: 723
- Rent Unit 5: $984.00
- Bedrooms Unit 5: 1
- Bathrooms Unit 5: 1
Unit 6
- Name Unit 6: 7
- Square Feet Unit 6: 900
- Rent Unit 6: $1,250.00
- Bedrooms Unit 6: 2
- Bathrooms Unit 6: 1
Unit 7
- Name Unit 7: 6
- Square Feet Unit 7: 721
- Rent Unit 7: $1,050.00
- Bedrooms Unit 7: 1
- Bathrooms Unit 7: 1
Unit 8
- Name Unit 8: 5
- Square Feet Unit 8: 713
- Rent Unit 8: $1,050.00
- Bedrooms Unit 8: 1
- Bathrooms Unit 8: 1
Unit 9
- Name Unit 9: 4
- Square Feet Unit 9: 719
- Rent Unit 9: $1,000.00
- Bedrooms Unit 9: 1
- Bathrooms Unit 9: 1
Unit 10
- Name Unit 10: 3
- Square Feet Unit 10: 474
- Rent Unit 10: $1,050.00
- Bedrooms Unit 10: 1
- Bathrooms Unit 10: 1
Unit 11
- Name Unit 11: 2
- Square Feet Unit 11: 799
- Rent Unit 11: $1,000.00
- Bedrooms Unit 11: 1
- Bathrooms Unit 11: 1
Unit 12
- Name Unit 12: 1
- Square Feet Unit 12: 1075
- Rent Unit 12: $1,313.00
- Bedrooms Unit 12: 2
- Bathrooms Unit 12: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 9340.0
- Leasable Area Units: Square Feet
Property History for 527 East 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 527 East 1st Street
Taxable ValueLand$84,000Additions$310,000Total$394,000
Tax Record2023$4,062 ($338 / month)
Home Facts
Total Finished SqFt10,546 SqFtAbove Ground SqFt10,546 SqFtLot Size7,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1953CountyCLALLAMAPN0630005120500000
Schools near 527 East 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 |
|---|---|---|
Franklin 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 Westlake Associates, Inc.
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.
