520 O Avenue, Anacortes, WA 98221
- $687,000
- 1,508
- SqFt
Listing courtesy of RE/MAX Gateway.
- List Price
- $687,000
- Status
- ACTIVE
- MLS#
- 2460972
- Price Change
- ▼ $12,000 1784323387
- Days on Market
- 226
- Style
- 52 - Duplex
- Finished SqFt
- 1,508
- Area Total SqFt
- 1508
- Annual Tax Ammount
- 4334.77
- Lot Size (sq ft)
- 3,049
- Sewer
- Sewer Connected
Property 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 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).
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Additional Information
- List Date
- 2025-12-14 16:28:11
- Community
- Old Town
- Net Operating Income
- $37,965
- Gross Adjusted Income
- $43,800
- Gross Scheduled Income
- $43,800
- Total Monthly Income
- $3,650
- Insurance Expenses
- $1,500
- Water/Sewer/Garbage Expenses
- $240
- Gross Rent Multiplier
- 16.55
- Total Expenses
- $6,182
- Cap Rate
- 5.07
- Total Number of Units
- 2
- Unit Name
- 520
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1999
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Gas Available, High Speed Internet
- Electric Expenses
- 108
- Energy Source
- Electric, Natural Gas
- School District
- Anacortes
- Elementary School
- Whitney Elem
- Middle School
- Anacortes Mid
- High School
- Anacortes High
- Total Monthly Income
- $3,650
- Gross Scheduled Income
- $43,800
- Gross Adjusted Income
- $43,800
- Tax Year
- 2025
- Insurance Expense
- $1,500
- W/S/G Expenses
- $240
- Total Expenses
- $6,182
- Net Operating Income
- $37,965
- Gross Rent Multiplier
- 16.55
- Cap Rate
- 5.07
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.