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Updated Duplex with CBD Zoning
For Sale
$687,000

520 O Ave, Anacortes, WA 98221

Two separately entered units offer flexible layouts, modern finishes, and convenient access to downtown Anacortes amenities.

Property Size1,508 SF
Price / SF$455.57
Days on Market42

Property Features for 520 O Ave

General Information

Standard status Active
Size 1,508 SF
Property subtype Multi-Family
Zoning Central Business District

Units

Unit Mix 2BR/1BA, 1BR/1BA
Multifamily Units 2

Amenities

washer and dryer hookups
ADA access

Building Details

Year Built 1999
Listing Agency: RE/MAX Gateway
Listed By: Kelli Lang · License #26135
Source: Lifestylehomeswithmel
Added: Jul 20 Changed: Aug 29 Last Checked: Aug 29 at 8:47PM

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 RE/MAX Gateway

Investment Insights

Based on property information with market context.

This 1,508-square-foot duplex, built in 1999, includes two distinct residential units. The street-level residence has two bedrooms, one bathroom, washer and dryer hookups, and ADA access. A private-entry upper unit provides one bedroom, one bathroom, and a full kitchen.

Recent property improvements include granite countertops, new flooring, and exterior siding. The address is near downtown Anacortes shops, restaurants, and the waterfront, while Central Business District zoning supports continued residential income use and other possibilities permitted under applicable zoning guidelines. The property does not require setbacks or driveway parking according to the available information; buyers should verify those provisions.

Key Highlights

  • 1,508‑square‑foot duplex in Anacortes
  • Central Business District zoning
  • Street‑level unit with 2 bedrooms, 1 bathroom, washer and dryer hookups, and ADA access

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Storage Facility Electrical Service Daycare Center Locksmith Carpet & Flooring Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

939
Businesses Nearby

Demographics for 98221, WA

22,853
Population
12,177
Households
1.9
Avg Household Size
52
Median Age
46%
College-Educated
96%
High-School Grad
51.9 sq mi
ZIP Area
440
Density / Sq Mi
$92,925
Median Household Income
$53,710
Median Earnings
$1,596
Median Rent
$659,800
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two separately entered units offer flexible layouts, modern finishes, and convenient access to downtown Anacortes amenities.
Where is this duplex located?
The property is located at 520 O Ave Anacortes, WA.
What is the asking price?
The asking price for this property is $687,000.
What are key features of this property?
This property features: 1,508‑square‑foot duplex in Anacortes; Central Business District zoning; Street‑level unit with 2 bedrooms, 1 bathroom, washer and dryer hookups, and ADA access
More about this property
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