About 33020 State Route 20 1-14
Oak Harbor Terrace, a 14-unit multifamily investment opportunity located in Oak Harbor. The property offers investors an attractive combination of stable in-place cash flow and clear upside potential in a supply-constrained rental market supported by Naval Air Station Whidbey Island. Originally constructed in 1959, the property includes approximately 7,295 square feet of net rentable area across three buildings: a fourplex with a ground-floor commercial space, a nine-unit apartment building, and a single-family residence. The efficient unit layouts are well suited to local workforce housing demand. The asset provides meaningful opportunity to enhance income through rental rate growth, utility reimbursement optimization, and operational improvements.
Features of 33020 State Route 20 1-14
| MLS® # | 2531319 |
|---|---|
| Price | $2,000,000 |
| Square Footage | 7,295 |
| Acres | 1.45 |
| Year Built | 1959 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 33020 State Route 20 1-14 |
|---|---|
| Area | 813 - North Whidbey Island |
| Subdivision | City Of Oak Harbor |
| City | Oak Harbor |
| County | Island |
| State | WA |
| Zip Code | 98277 |
Amenities
| Parking Spaces | 23 |
|---|---|
| # of Garages | 1 |
| Is Waterfront | No |
Interior
| Heating | Baseboard, Forced Air, Wall Furnace |
|---|---|
| Cooling | None |
| Fireplace | No |
| # of Stories | 1 |
Exterior
| Exterior Features | Cement/Concrete, Wood |
|---|---|
| Lot Description | Paved |
| Foundation | Block, Slab |
School Information
| District | Oak Harbor |
|---|---|
| Elementary | Buyer To Verify |
| Middle | Buyer To Verify |
| High | Buyer To Verify |
Additional Information
| Date Listed | June 4th, 2026 |
|---|---|
| Days on Market | 84 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Windermere/Whidbey Mgmt Serv. |
|---|