USAWAPort AngelesNortheast Port Angeles2938 E Walnut St
Listing image | Image 1

2938 E Walnut St, Port Angeles, WA

House

For Sale

Listed price in listed location currency (USD).
$2,949,950

0029

MLS® 2535283

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage 
Taxes $19,657
Days Active 21
Lot Size 
Approx. Age 1972
MLS® Number 2535283

Property Address: 2938 E Walnut St, Port Angeles, WA, 98362-9062

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number2535283
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1972
Basement
Driveway
Garage Spaces
HeatBaseboard
A/CNone

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 5, 2026List Date
$2,949,950List Price
  • Commute

Commute

Starting Address
Destination Address
2938 E Walnut St, Port Angeles, WA

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