Port Angeles Multifamily Investment
For Sale
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402 S Laurel St, Port Angeles, WA 98362
Value-add 12-unit apartment community near downtown Port Angeles.
Property Size8,762 SF
Price / SF$219.13
Days on Market159
Property Features for 402 S Laurel St
General Information
Standard status
Active
Size
8,762 SF
Total Parking Spaces
18
Property subtype
Multifamily
Occupancy
91%
Investment Type
Value Add
Net Operating Income
$102,815
Building Details
Year Built
1962
Buildings
1
Stories
2
Units
12
Listing Agency:
JLL - Seattle, Washington
Listed By:
Reed Curtis · License #22007982
Source:
Crexi
Added: Mar 6
Changed: Aug 11
Last Checked: Aug 11 at 5:10AM
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 JLL - Seattle, Washington
Investment Insights
Based on property information with market context.
The property at 402 South Laurel Street in Port Angeles, Washington, presents an opportunity to acquire a 12-unit apartment community. Constructed in 1962, this low-rise building comprises eight 1-bedroom, 1-bathroom units and four 2-bedroom, 1-bathroom units. The property has undergone several recent improvements, including new electrical panels, fresh exterior paint, updated vinyl windows, parking lot repaving completed in 2022, and a roof replacement in 2013. Situated minutes from downtown Port Angeles, the property is surrounded by a significant retail presence. Its location benefits from Port Angeles’ role as the gateway to the Olympic Peninsula and its position as Clallam County’s largest city and economic hub. The property offers connectivity to regional markets and key Pacific Northwest destinations along the northern Olympic Peninsula, with close proximity to the Port Angeles ferry terminal providing direct service to Victoria, BC, and convenient access to Highway 101. The building has a total size of 8762 square feet.
Key Highlights
- Value‑add apartment community featuring 12 units.
- Recent improvements include new electrical panels, fresh exterior paint, updated vinyl windows, and parking lot repaving (2022).
- Roof replacement completed in 2013.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
888
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 - Value-add 12-unit apartment community near downtown Port Angeles.
Where is this apartment building located?
The property is located at 402 S Laurel St Port Angeles, WA.
What is the asking price?
The asking price for this property is $1,920,000.
What are key features of this property?
This property features: Value‑add apartment community featuring 12 units.; Recent improvements include new electrical panels, fresh exterior paint, updated vinyl windows, and parking lot repaving (2022).; Roof replacement completed in 2013.
