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.
Listing Provided Courtesy of Dan Fouts, Windermere RE/South Whidbey
General Information
NWM2515447
Multi Family
1
DOM
1.15 acres
3920
1994
Island
Buyer To Verify
Buyer To Verify
Buyer To Verify
Residential Incom
Multi Family
Listing Provided Courtesy of Dan Fouts, Windermere RE/South Whidbey
Krishna Realty data last checked: May 01, 2026 03:03 | Listing last modified Apr 30, 2026 23:48,
Source:
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Residence Information
3920
Composition
4,
54 - 4-Plex
1994
Poured Concrete
Features and Utilities
Wood
Community
Septic Tank
0
Financial
4632
Cash, Conventional
04-30-2026
Comparable Information
1
1
Cash, Conventional
$925,000
$925,000
Apr 30, 2026 23:48
Schools
Elementary : Buyer To VerifyN/ARatings Middle : Buyer To Verify N/ARatings High : Buyer To VerifyN/ARatings
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.
