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Lakefront Three-Unit Income Property
For Sale
$2,590,000

90 Mallard Cove, Port Angeles, WA 98363

Three-unit lakefront income property with remodeled rental units, new roof in 2026, and furnished decks.

Property Size2,519 SF
Price / SF$1,028
Days on Market181

Property Features for 90 Mallard Cove

General Information

Standard status Active
Size 2,519 SF
Property subtype Multi-family

Additional Details

Furnished Yes
Business Included Yes
Multifamily Units 3

Amenities

community swimming dock
boat dock
pond
waterfall
community waterfront

Building Details

Year Built 1962
Year Renovated 2026
Tenancy Multi
Listing Agency: Designed Real Estate
Listed By: Dathan Myers
Source: Century21northhomes
Added: Feb 11 Changed: Aug 11 Last Checked: Aug 11 at 10:32AM

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 Designed Real Estate

Investment Insights

Based on property information with market context.

This three-unit lakefront income property includes two remodeled rental units currently operated as a full-time short-term rental. Each rental unit is fully equipped with its own washer and dryer, hot tub, and BBQ area, along with an expansive lake-facing deck of approximately 580 square feet per unit. A new roof was installed in 2026, and additional improvements have been completed throughout the property. The property is sold furnished.

A third unit is reserved exclusively for private use and has never been rented, and it is currently undergoing a full remodel scheduled for completion prior to close of escrow. The unit also features its own private approximately 325-square-foot deck overlooking the lake, and buyers may have input on select finishing touches.

The community amenities include a swimming dock, boat dock, pond, waterfall, and approximately 350 feet of community waterfront. Showings are by appointment only; please do not disturb occupants or visit without a scheduled showing.

Key Highlights

  • 1962‑built, three‑unit lakefront duplex with established full‑time Air bnb operation
  • Two rental units remodeled; Unit 90 completed in May 2026
  • New roof installed in 2026; numerous additional property improvements reported

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Parking Lot & Garage Grocery & Convenience Store Restaurant Real Estate Agency Discount Store Bed & Breakfast

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

3
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

9
Businesses Nearby

Demographics for 98363, WA

14,086
Population
7,195
Households
2
Avg Household Size
46
Median Age
25%
College-Educated
92%
High-School Grad
478.4 sq mi
ZIP Area
29
Density / Sq Mi
$64,583
Median Household Income
$40,680
Median Earnings
$1,188
Median Rent
$338,500
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

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

What type of property is this?
Short term rental property - Three-unit lakefront income property with remodeled rental units, new roof in 2026, and furnished decks.
Where is this short term rental property located?
The property is located at 90 Mallard Cove Port Angeles, WA.
What is the asking price?
The asking price for this property is $2,590,000.
What are key features of this property?
This property features: 1962‑built, three‑unit lakefront duplex with established full‑time Air bnb operation; Two rental units remodeled; Unit 90 completed in May 2026; New roof installed in 2026; numerous additional property improvements reported
More about this property
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