Listed by Northmarq Multifamily, LLC, Bought with Better Properties NW
NOT LISTED FOR SALE

805 E 5th St Port Angeles, WA 98362

-- Bed
-- Bath
13,750 Sq Ft
0.32 Acres

Last Sold November 18, 2020

Last sale price $1,725,000 $125 Per Sq Ft

1 Day on Market

Highlights

  • Corner Lot
  • Wall to Wall Carpet
  • 3-minute walk to Erickson Park

About This Home

As of November 2020

VALUE ADD! The Panorama Manor Apartments is a 23-unit value add play located near downtown Port Angeles. The Panorama is offered for sale with an in-place 6% Cap Rate. The five most recent 1x1 units have been renting at $795 plus $40 in utility bill back, and the highest in-place 2x1 is priced at $995. The loss to lease on current rents amounts to a stabilized Cap Rate of 8.55%. Market surveys suggest that the market rents for partially remodeled 1x1 range between $895-$950. Debt options avail.

Last Agent to Sell the Property

Tyler Smith

Northmarq Multifamily, LLC License #24028396 Listed on: 09/25/2020

Co-Listed By

Steve Fischer

Northmarq Multifamily, LLC License #87455

Last Buyer's Agent

Andre Scott

Better Properties NW License #110296

Better Properties NW

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1669280

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,406

Year Built

  • Built in 1962

Lot Details

  • 0.32 Acre Lot
  • Corner Lot

Home Design

  • Block Foundation
  • Bitumen Roof

Interior Spaces

  • 13,750 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 7 Parking Spaces
  • Open Parking

Community Details

  • Port Angeles Subdivision

Listing and Financial Details

  • Assessor Parcel Number 063000017570

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,406

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1962
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 13750
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Torch Down
  • Lot Features: Corner Lot
  • View: No
  • Waterfront: No
  • Exterior Features: Cement/Concrete
  • Foundation Details: Block
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 7
  • Open Parking: Yes
  • Total Parking Spaces: 7
  • ParkingUncoveredSpaces: 7

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 23118

Schools

  • Junior High Dist: Port Angeles

Lot Info

  • Parcel Number: 063000017570
  • Lot Size Acres: 0.3216
  • Lot Size Sq Ft: 14010
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Clallam County Assessor
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 9
  • LeasedItems: None
  • TotalMonthlyIncome: 15880

Multi Family

  • Gross Scheduled Income: 190560
  • Net Operating Income: 103568
  • Number Of Units Total: 23
  • Insurance Expense: 3738
  • Leasable Area: 13750
  • UnitsInBuildingTotal: 23
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2020
  • Tax Annual Amount: 9406

Range of Values:

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Average Value
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List Price
Sold Price
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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
11/18/2020 11/18/20 Sold $1,725,000 -1.4% $125 / Sq Ft
09/26/2020 09/26/20 Pending -- -- --
09/25/2020 09/25/20 For Sale $1,750,000 -- $127 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tyler Smith

    Seller's Agent in 2020

    Tyler Smith

    Northmarq Multifamily, LLC

    (206) 505-9425

    22 Total Sales

    Tyler Smith
    Section Image
  • Steve Fischer

    Seller Co-Listing Agent in 2020

    Steve Fischer

    Northmarq Multifamily, LLC

    (206) 505-9435

    38 Total Sales

    Steve Fischer
    Section Image

  • A

    Buyer's Agent in 2020

    Andre Scott

    Better Properties NW

    (253) 202-1454

    85 Total Sales

    Andre Scott
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1669280

Northwest Multiple Listing Service (NWMLS)

APN: 57375

Washington Clallam County Port Angeles 98362

805 E 5th St, Port Angeles, WA

This home is located at 805 E 5th St, Port Angeles, WA 98362 since 25 September 2020. This property was built in 1962. 805 E 5th St is a home located in Clallam County with nearby schools including Franklin Elementary School, Stevens Middle School, and Port Angeles High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. 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, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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