Downtown Port Angeles Apartment
For Sale
$1,499,000
527 E 1st St, Port Angeles, WA 98362
Twelve-unit apartment building in Downtown Port Angeles with recent renovations.
Property Size9,340 SF
Days on Market156
Property Features for 527 E 1st St
General Information
Standard status
Active
Size
9,340 SF
Property subtype
Multifamily
Occupancy
95%
Amenities
Excellent Location - Centrally located in the heart of Port Angeles and walking distance from the waterfront
Great Local Occupancy Rates - Port Angeles has one of the lowest vacancy rates in the state of Washington ~4%
Strong Yield - Currently being offered at a 7% cap rate
Building Details
Building Size
9,340 SF
Units
12
Listing Agency:
Seattle Office
Listed By:
Aimon Heffernan · License #License(s): WA: 23029794
(206) 826-5707
Source:
Marcusmillichap
Added: Apr 3
Changed: Aug 7
Last Checked: Sep 5 at 3:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Seattle Office
Investment Insights
Based on property information with market context.
The Morning Apartments is a twelve-unit community located in Downtown Port Angeles. Constructed in 1953, the property has undergone significant improvements. The units have been freshly renovated, preserving the historic charm of wood cabinetry and hardwood floors. The community consists of nine one-bedroom, one-bathroom units averaging approximately 711 square feet, two two-bedroom, one-bathroom units averaging approximately 988 square feet, and one three-bedroom, one-bathroom unit of approximately 968 square feet. The apartment has two shared washers and two shared dryers. An incoming investor could potentially achieve over a 10% Cash-on-Cash return.
Key Highlights
- Potential for over 10% Cash‑on‑Cash return on day one.
- Units have been freshly renovated.
- Located in Downtown Port Angeles.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,657
Businesses Nearby
Explore this area
Business Placement
Demographics for 98362, WA
23,571
Population
11,829
Households
2
Avg Household Size
49
Median Age
32%
College-Educated
93%
High-School Grad
123.0 sq mi
ZIP Area
192
Density / Sq Mi
$67,778
Median Household Income
$41,313
Median Earnings
$1,094
Median Rent
$368,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Twelve-unit apartment building in Downtown Port Angeles with recent renovations.
Where is this apartment building located?
The property is located at 527 E 1st St Port Angeles, WA.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Potential for over 10% Cash‑on‑Cash return on day one.; Units have been freshly renovated.; Located in Downtown Port Angeles.
