6305 Bob Galbreath Road, Clinton, WA 98236
- $925,000
- 3,920
- SqFt
Listing courtesy of Windermere RE/South Whidbey.
- List Price
- $925,000
- Status
- ACTIVE
- MLS#
- 2515447
- Days on Market
- 88
- Style
- 54 - 4-Plex
- Building Condition
- Fair
- Finished SqFt
- 3,920
- Area Total SqFt
- 3920
- Annual Tax Ammount
- 4632
- Lot Size (sq ft)
- 50,094
- Sewer
- Septic Tank
Property Description
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.
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Additional Information
- List Date
- 2026-05-02 20:00:36
- Community
- Clinton
- Net Operating Income
- $56,086
- Gross Adjusted Income
- $63,946
- Gross Scheduled Income
- $67,311
- Total Monthly Income
- $5,675
- Insurance Expenses
- $2,973
- Water/Sewer/Garbage Expenses
- $1,786
- Gross Rent Multiplier
- 14
- Total Expenses
- $11,225
- Cap Rate
- 6
- Vacancy Rate
- 5
- Total Number of Units
- 4
- Unit Name
- 6305
- Potential Terms
- Cash, Conventional
- Year Built
- 1994
- Roof
- Composition
- Site Features
- Deck
- Other Expenses
- 1834
- Energy Source
- Electric
- School District
- South Whidbey Island
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $5,675
- Gross Scheduled Income
- $67,311
- Vacancy Rate
- 5
- Gross Adjusted Income
- $63,946
- Tax Year
- 2026
- Insurance Expense
- $2,973
- W/S/G Expenses
- $1,786
- Total Expenses
- $11,225
- Net Operating Income
- $56,086
- Gross Rent Multiplier
- 14
- Cap Rate
- 6
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.