808 S Chase St - Apartments FOR SALE


Port Angeles, WA 98362
$1,600,000 USD
360-771-0010
808 S Chase St, Port Angeles, WA for Sale
$1,600,000 USD
Apartments - FOR SALE
1/14
null | 6.15% Cap Rate

808 S Chase St
Port Angeles, WA 98362


HIGHLIGHTS

  • Located in Port Angeles, a stable coastal market and gateway to Olympic National Park with consistent local housing demand
  • Newer construction asset built in 2006 featuring modern systems and efficient design
  • Attractive townhome-style layout providing strong renter appeal and long-term tenancy stability
  • Eight spacious two-bedroom, one-bathroom units averaging approximately 1,000 square feet
  • Offered at $1,600,000, representing a compelling $200,000 per unit basis well below replacement cost

OVERVIEW

Paragon Real Estate Advisors and Highmark Partners are pleased to present City Place Townhomes, a multifamily investment opportunity located in the coastal city of Port Angeles, Washington. City Place offers investors the opportunity to acquire a well-maintained asset in a stable rental market with strong long-term hold appeal and consistent tenant demand. The property benefits from solid construction, functional unit layouts, and an efficient ownership profile that supports operational stability and manageable ongoing capital needs. Its location provides convenient access to downtown Port Angeles, major employers, retail amenities, the waterfront, and the gateway to Olympic National Park, making it an attractive housing option within the Olympic Peninsula submarket. City Place Townhomes features a desirable mix of spacious units designed to appeal to a broad renter base seeking quality housing in a market where rental inventory remains limited. The property’s practical floor plans, livable unit sizes, and strong local demand drivers contribute to stable occupancy and long-term tenant retention. Offered at compelling pricing, City Place Townhomes represents an attractive investment opportunity for buyers seeking stable cash flow, long-term appreciation potential, and exposure to a supply-constrained coastal Washington market. The property’s efficient design, attractive unit layouts, and strategic coastal location support long-term stability and ongoing rental performance.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$200 USD /SF

# OF UNITS

8

PRICE/UNIT

$200,000

CAP RATE

6.15%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

City Place Townhomes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2008

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

14,000 SF

ZONING

P_CSD

APN/PARCEL ID

58475

ASK ABOUT THIS PROPERTY

Tanner FogleParagon Real Estate AdvisorsMore Info
360-771-0010

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Tanner FogleParagon Real Estate AdvisorsMore Info
360-771-0010

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.