Sold
Last Sold Price
6,700 sqft$299/sqft
39201 State Rte 20, Oak Harbor, WA 98277
Multi FamilyProperty Type
1.77 acresLot Size
1952Year Built
$299/sq ftPrice per sq ft
18 carsParking Spaces

Description

The Cottages at Oak Harbor is a community consisting of 9 stand-alone apartment homes nestled in a quiet park-like setting. The cottages are located just a short walk to Moran’s Beach County Park, Hyde Beach, and Deception Pass. The Cottages are comprised of (7) 2 bed/1 bath homes and (2) 1 bed/1 bath homes built in 1952. The 2-bedroom homes measure between 700-800 SF and the 1-bedroom homes are 600 SF. Washer/Dryer in-unit, hardwood floors, large fenced yards with private decks. The property provides...The Cottages at Oak Harbor is a community consisting of 9 stand-alone apartment homes nestled in a quiet park-like setting. The cottages are located just a short walk to Moran’s Beach County Park, Hyde Beach, and Deception Pass. The Cottages are comprised of (7) 2 bed/1 bath homes and (2) 1 bed/1 bath homes built in 1952. The 2-bedroom homes measure between 700-800 SF and the 1-bedroom homes are 600 SF. Washer/Dryer in-unit, hardwood floors, large fenced yards with private decks. The property provides an investor with the unique opportunity to own a well-maintained asset in an inventory-constrained market located close to beaches. A new owner has the opportunity to raise rents 10% to market levels without upgrades to unit interiors.
  • Listed by: Louis Voorhees 206.505.9400 louisv@westlakeassociates.com • Westlake Associates, Inc.
  • Listed by: River Voorhees 206.505.9400 river@westlakeassociates.com • Westlake Associates, Inc.
Listing closed: 11/07/2023 12:00 AM • Source: NWMLS as distributed by MLS GRID, MLS#: 2126402

Recent comparable sales

Median sold price

$165,000

Avg days on market

109

Sale-to-list ratio

82.0%

Oak Harbor, WA

9 comparable properties found

a view of a yard with a house and a large tree
1/3
1

$140,000

Sold 02/28/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.20
Acres
a big house with big tree and a big yard
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Square Feet
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$510,000 | -a-7 Surfcrest Drive, Oak Harbor, WA 98277
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Bathrooms
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Square Feet
0.59
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view of outdoor space with lots of trees and flowers
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Sold 05/18/26

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Square Feet
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a view of an ocean and a mountain view
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Sold 12/19/25

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Square Feet
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Acres
$195,000 | 0 West Henni Road, Oak Harbor, WA 98277
1/11
6

$195,000

Sold 03/12/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
9.94
Acres
a view of an ocean view and mountain
1/11
7

$195,000

Sold 04/03/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
9.71
Acres
a backyard of a house with a yard and garage
1/21
8

$165,000

Sold 11/24/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
3
Acres
an aerial view of residential houses with outdoor space
1/16
9

$160,000

Sold 07/21/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
2.5
Acres

Location

Listing Courtesy of Westlake Associates, Inc.

Sold By RE/MAX Gateway

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Property Information for 39201 State Rte 20

Property Details
  • Taxes: $9,023 / year
  • MLS Type: Residential Income
  • Community Name: Oak Harbor
  • School District: Oak Harbor
  • View: Territorial
  • Number of Assigned Spaces: 18
  • Total Covered Parking: 0
  • Entry Date: 06-12-2023
  • Energy Source: Electric
  • Sewer: Sewer Connected
Building Information
  • Stories: 1
  • Residences: 9
  • Year Built: 1952
  • Lot Size: 1.77 AC / 77,101 SF
Summary
Location and General Information
  • Style: 55 - 5-9 Units
  • Site Features: Deck, Fenced-Fully, Fenced-Partially
  • Area: 813 - North Whidbey Island
  • Directions: From I-5 take Exit#226 Anacortes. Go West on WA Hwy-536 for approx. 13 miles. Turn Left onto HWY 20. Drive about 8.7 miles. Property on right side. Can turn on to private street.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2022
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 18.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Floor Covering: Hardwood
  • Features: Hardwood
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Wall Unit(s)
Exterior Features
  • Exterior: Wood
  • Roof: Metal
  • Security Features: PartiallyFenced, FullyFenced
Property
Utilities
  • Water/Sewer/Garbage: 8755
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: County
  • Zoning Class: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: No
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 15
Lot Information
  • Lot Details: Paved
  • Lot Size Source: Island County Assessor
  • Parcel Number Free Text: R133114621390
  • Calculated Square Footage: 6700
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 6700.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 18
  • Number of Stories in Building: 1
  • Vacancy Rate: 5
  • Number Of Units Total: 9
  • Units Below Grade: false
  • Units In Building Total: 9
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 42533
  • Gross Adjusted Income: 153615
  • Gross Rent Multiplier: 12.99
  • Gross Scheduled Income: $161,700
  • Insurance Expense: $2,250
  • Net Operating Income: $111,082
  • Other Expenses: $22,505
  • Total Monthly Income: 13475
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 5785.0
  • Leasable Area Units: Square Feet

Property History for 39201 State Rte 20

DateEvent & SourcePriceAppreciation
Nov 7, 2023

Sold

NWMLS #2126402

$2,000,000
Oct 27, 2023

Sold (Public Record)

Public Record #1521538269

$2,000,000

+11.8% / yr

Jul 24, 2023

Pending

NWMLS #2126402

DateEvent & SourcePrice
11/07/2023

Sold

NWMLS #2126402

$2,000,000
10/27/2023

Sold (Public Record)

Public Record #1521538269

$2,000,000

+11.8% / yr

07/24/2023

Pending

NWMLS #2126402

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 39201 State Rte 20

Taxable ValueLand$771,012Additions$956,258Total$1,727,270
Tax Record2025$11,153 ($929 / month)
Home Facts
Baths9Total Finished SqFt5,961 SqFtAbove Ground SqFt5,961 SqFtStories1Lot Size77,101 SqFtStyleMulti-Family Dwelling (2-4)Year Built1943Year Renovated1990Zoning10CountyISLANDAPNR13311-462-1390

Schools near 39201 State Rte 20

This home is within Oak Harbor School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 7 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Crescent Harbor Elementary School
PublicK to 4

North Whidbey Middle School
Public7 to 8

Oak Harbor High School
Public9 to 12

Oak Harbor Virtual Academy
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Westlake Associates, Inc.

Based on information submitted to the MLS GRID as of 09/05/2024 05:47 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.