$1,200,000
PENDING $100K PRICE DROP

306 W 1st St Port Angeles, WA 98362

Estimated payment $6,885/month

Total Views 56,636
10 Beds
8 Baths
7,904 Sq Ft
$152 Price per Sq Ft

Highlights

  • Level Lot
  • Wall to Wall Carpet
  • 4-minute walk to Valley Creek Estuary Park

About This Home

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 $158K 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.

Listing Agent

Joanne Soderlind

IDEAL Real Estate License #140120 Listed on: 10/21/2024

Co-Listing Agent

Brody Broker

IDEAL Real Estate License #26875

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,854

Year Built

  • Built in 1921

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50x140
  • Level Lot

Home Design

  • Concrete Foundation
  • Rolled or Hot Mop Roof

Interior Spaces

  • 7,904 Sq Ft Home
  • 3-Story Property
  • Basement Storage
  • Oven or Range

Flooring

  • Wall to Wall Carpet
  • Vinyl

Laundry

  • Dryer
  • Washer

Community Details

  • 11,856 Sq Ft Building
  • Port Angeles Subdivision

Listing and Financial Details

  • Assessor Parcel Number 063000003403

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,854

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Year Renovated: 2023
  • Addendum: Tenants can pay extra $20 month for access to laundry room.
  • Class: Multi-Family
  • Easements: Recorded
  • Foundation: Concrete
  • Lot Dimensions: 50x140
  • Road Access: Public, Paved
  • Section: 00
  • Sewage: Sewer
  • Storage: Basement
  • Structure Type: Multi-Story
  • Assessor Parcel Number: 063000003403
  • Type: 10+ Units
  • View: Partial Mountains, Partial Salt Water
  • View 2: Salt Water & Mountains
  • Year Built: 1921
  • Zoning Description: Commercial
  • Property Name: Bayview Apartments
  • In W R I A18 East: No
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dryer, Refrigerator, Range/Oven, Washer
  • Floors: Vinyl, Ww Carpet
  • Range: 06
  • Total Sq Ft: 7904
  • Unfinished Sq Ft: 3952

Exterior Features

  • Number Of Acres: 0.16
  • Roof: Hot Mop
  • Siding: Stucco
  • Stories: 3

Utilities

  • Water: City
  • Laundry: Shared

Schools

  • School District: 121-PAHS
  • Schools: Pahs
  • School District: 121-PAHS

Lot Info

  • Topography: Level

Rental Info

  • Annual Rental Income: 148153

Multi Family

  • Number Of Units: 12

Tax Info

  • Year: 2024
  • Taxes Dollar: 2854

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2025 07/11/25 Pending -- -- --
07/01/2025 07/01/25 For Rent -- -- --
06/22/2025 06/22/25 Price Changed $1,200,000 -7.7% $152 / Sq Ft
06/06/2025 06/06/25 For Sale $1,299,950 0.0% $164 / Sq Ft
05/02/2025 05/02/25 Pending -- -- --
10/21/2024 10/21/24 For Sale $1,299,950 +181.1% $164 / Sq Ft
07/21/2017 07/21/17 Sold $462,500 -15.9% $59 / Sq Ft
05/27/2017 05/27/17 Pending -- -- --
04/19/2017 04/19/17 For Sale $550,000 0.0% $70 / Sq Ft
03/27/2017 03/27/17 Pending -- -- --
02/27/2017 02/27/17 For Sale $550,000 0.0% $70 / Sq Ft
02/24/2017 02/24/17 Pending -- -- --
02/03/2017 02/03/17 For Sale $550,000 0.0% $70 / Sq Ft
01/23/2017 01/23/17 Pending -- -- --
12/29/2016 12/29/16 For Sale $550,000 0.0% $70 / Sq Ft
12/20/2016 12/20/16 Pending -- -- --
12/09/2016 12/09/16 For Sale $550,000 0.0% $70 / Sq Ft
12/05/2016 12/05/16 For Sale $550,000 +18.9% $70 / Sq Ft
12/04/2016 12/04/16 Pending -- -- --
12/02/2016 12/02/16 Off Market $462,500 -- --
06/08/2016 06/08/16 For Sale $550,000 +18.9% $70 / Sq Ft
06/02/2016 06/02/16 Off Market $462,500 -- --
08/07/2015 08/07/15 For Sale $595,000 -- $75 / Sq Ft
Source: Olympic Listing Service

About the Listing Agent

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Source: Olympic Listing Service

MLS Number: 381522

Olympic Listing Service