A rare investment opportunity on South Whidbey--this fully occupied 4-plex offers immediate cash flow and long-term upside in one of the areas most convenient locations. Just minutes from the Clinton Ferry and steps from the bus line, the property attracts commuters and locals alike, keeping demand strong year-round. All four units are leased to reliable tenants and professionally managed by Windermere Property Management (management fees not included in current expenses). Rents are currently below market, leaving meaningful room for growth as a new owner brings units to market rate over time. Set on a generous 1.15 acres, the property offers ample parking and yard space for tenants to enjoy. The large grassy area adjacent to the parking serves as the drainfield, with additional offsite drainfield capacity supporting the commercial building across the street. Whether you're expanding a portfolio or stepping into your first multi-family investment, this is a turnkey property with stable income, built-in upside, and a location that consistently performs.
90 days
|
471
|
22
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Zillow last checked:
Listing updated:
Listed by:
Daniel Fouts,
Windermere RE/South Whidbey,
Jessica Hart,
Windermere RE/South Whidbey
Source: NWMLS as distributed by MLS GRID,MLS#: 2515447
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 8
Heating
Wall Furnace, Electric
Cooling
None
Features
Flooring: Laminate, Carpet
Has fireplace: No
Interior area
Total structure area: 3,920
Total interior livable area: 3,920 sqft
Property
Parking
Total spaces: 4
Parking features: Garage
Garage spaces: 4
Uncovered spaces: 4
Lot
Size: 1.15 Acres
Features: Paved, Deck
Details
Parcel number: R329241404060
Zoning description: Jurisdiction: County
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Architectural style: 4-Plex
Property subtype: Quadruplex, Multi Family
Materials
Wood Siding
Foundation: Poured Concrete
Roof: Composition
Condition
Fair
Year built: 1994
Utilities & green energy
Electric: Company: PSE
Sewer: Septic Tank
Water: Community, Company: Clinton Water
Community & HOA
Community
Subdivision: Clinton
Location
Region: Clinton
Financial & listing details
Price per square foot: $236/sqft
Tax assessed value: $713,986
Annual tax amount: $4,632
Date on market: 5/1/2026
Cumulative days on market: 90 days
Listing terms: Conventional
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
$2,156/mo
Price history
Date
Event
Price
7/1/2026
Listed for sale
$925,000$236/sqft
Source: NWMLS as distributed by MLS GRID #2515447Report a problem
6/29/2026
Pending sale
$925,000$236/sqft
Source: NWMLS as distributed by MLS GRID #2515447Report a problem
4/30/2026
Listed for sale
$925,000+199.9%$236/sqft
Source: NWMLS as distributed by MLS GRID #2515447Report a problem
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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