520 O Ave

Anacortes, WA 98221

$725,000
Price
3
Beds
2
Baths
1,508 Sq. Ft.
$481 / Sq. Ft.
1,508
Sq. Ft.
$481
per Sq. Ft.
Listing provided courtesy of RE/MAX Gateway

Description

Located in the core of Anacortes, this updated multi-unit property puts you just steps from downtown shops, dining, and the waterfront. Recent improvements include granite countertops, fresh flooring, and new exterior siding, creating a clean, modern feel throughout. The flexible Central Business District zoning opens the door to multiple paths—hold as an income property, enhance the existing layout, or explore future redevelopment options under current zoning guidelines. The street-level unit offers...Located in the core of Anacortes, this updated multi-unit property puts you just steps from downtown shops, dining, and the waterfront. Recent improvements include granite countertops, fresh flooring, and new exterior siding, creating a clean, modern feel throughout. The flexible Central Business District zoning opens the door to multiple paths—hold as an income property, enhance the existing layout, or explore future redevelopment options under current zoning guidelines. The street-level unit offers two bedrooms, one bathroom, washer and dryer hookups, and ADA access. Upstairs, a private entrance leads to a one-bedroom, one-bath unit with a full kitchen. No setbacks or driveway parking required (buyer to verify).
  1. Listed by Kelli Lang • RE/MAX Gateway

Property Details for 520 O Avenue

Community Name
Old Town
School District
Anacortes
View
Territorial
Number of Assigned Spaces
0
Total Covered Parking
0
Entry Date
12-12-2025
Energy Source
Electric,Natural Gas
Sewer
Sewer Connected
LISTING UPDATED: 12/18/2025 03:51 PM

Property Details for 520 O Avenue

StatusActive
MLS #2460972
Days on Market40
Cumulative Days on Market40
Taxes$4,335 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1999
Lot Size0.07 AC / 3,049 SF
CountySkagit County

Location

Listing Courtesy of RE/MAX Gateway
Add your commute

Building Information for 520 O Avenue

Stories2Residences2Year Built1999Building Size-Lot Size0.07 AC / 3,049 SF

Payment Calculator

$3,895 per month

30 year fixed, 6.15% Interest

Principal and Interest

$3,534

Property Taxes

$361

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 520 O Avenue

Summary
Location and General Information
  • Style: 52 - Duplex
  • Site Features: Cable TV, Gas Available, High Speed Internet
  • Area: 815 - Anacortes
  • Elementary School: Whitney Elem
  • Middle Or Junior School: Anacortes Mid
  • High School: Anacortes High
  • Effective Year Built Source: Public Records
  • Directions: Drive west on State Route 20, continue on WA-20 Spur, right on R Ave, continue on Q Ave, left on 6th St, right on 0 Ave and home will be on the left.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 0.0
  • Open Parking: No
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Vinyl, Carpet
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Forced Air, Wall Unit(s)
  • FIRPTA: No
Exterior Features
  • Exterior: Wood Products
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 240
  • Power Company: PSE/ Cascade Gas
  • Sewer Company: City of Anacortes
  • Water Company: City of Anacortes
  • Power Production Type: Electric, Natural Gas
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • First Right Of Refusal: false
  • Letter On File: Duplicate Prop Type
  • MLS Square Footage Source: Public Source
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 2002
  • Photos Count: 38
Lot Information
  • Lot Details: Corner Lot, Paved, Sidewalk
  • Lot Size Source: Public Source
  • Parcel Number Free Text: P55325
  • Calculated Square Footage: 1508
  • Structure Type: Duplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 1508.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 0
  • Number of Stories in Building: 2
  • Vacancy Rate: 0
  • Number Of Units Total: 2
  • Units Below Grade: false
  • Units In Building Total: 2
Financing / Income and Expenses
  • Electric Expense: $108
  • Total Expenses: 6182.77
  • Gross Adjusted Income: 43800
  • Gross Rent Multiplier: 16.55
  • Gross Scheduled Income: $43,800
  • Insurance Expense: $1,500
  • Net Operating Income: $37,965
  • Other Expenses: $0
  • Total Monthly Income: 3650
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 520
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Bedrooms Unit 1: 2
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 518
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: false
  • Bedrooms Unit 2: 1
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 1508.0

Property History for 520 O Avenue

DateEvent & SourcePriceAppreciation
Dec 12, 2025

Listed (Active)

NWMLS #2460522

$725,000—
Dec 12, 2025

Listed (Active)

NWMLS #2460972

$725,000—
DateEvent & SourcePrice
12/12/2025

Listed (Active)

NWMLS #2460522

$725,000
12/12/2025

Listed (Active)

NWMLS #2460972

$725,000

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

Public Records for 520 O Avenue

Taxable ValueLand$205,500Additions$217,800Total$423,300
Tax Record2022$3,621 ($302 / month)
Home Facts
Beds2Baths2Total Finished SqFt1,508 SqFtAbove Ground SqFt1,508 SqFtStories2Lot Size3,049 SqFtStyleSingle Family ResidenceYear Built1920Year Renovated1994CountySKAGITAPN3772-063-020-0004

Schools near 520 O Avenue

This home is within Anacortes School District.
Rating
School
Type
Grades
Distance
Island View Elementary School
Public - K to 5
Anacortes Middle School
Public - 6 to 8
Anacortes High School
Public - 9 to 12
Cap Sante High School
Public - 9 to 12
Rating
School
Distance
Island View Elementary School
PublicK to 5

Anacortes Middle School
Public6 to 8

Anacortes High School
Public9 to 12

Cap Sante High School
Public9 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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More information about 520 O Avenue, Anacortes, WA 98221

520 O Avenue is a multi-family home for sale in Anacortes, WA 98221. This property was listed for sale on December 12, 2025 by RE/MAX Gateway, it's currently listed at $725,000. This listing's school district is Anacortes School District. Nearby schools include Island View Elementary School, Anacortes Middle School and Anacortes High School. 520 O Avenue is a 3-bed, 2-bath, 1,508 sqft multi-family home built in 1999.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Gateway

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/21/2026 02:06 AM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.