1042 Point Brown Avenue SE Unit #A & B, Ocean Shores, WA 98569
- $750,000
- 3,192
- SqFt
Listing courtesy of Windermere R.E. Ocean Shores.
- List Price
- $750,000
- Status
- ACTIVE
- MLS#
- 2517765
- Price Change
- ▼ $48,000 1784248732
- Days on Market
- 84
- Style
- 52 - Duplex
- Building Condition
- Updated/Remodeled
- Finished SqFt
- 3,192
- Area Total SqFt
- 3192
- Annual Tax Ammount
- 3665.8
- Internet Provider
- Coast Communications
- Lot Size (sq ft)
- 9,148
- Sewer
- Sewer Connected
Property Description
Incredible investment opportunity in a Qualified Business Opportunity Zone! Talk to your CPA about potential tax benefits! This duplex was fully remodeled inside and out in 2023! New roof, siding, paint, fire sprinkler system, 208 sq. ft. private dock, and full interior remodel! The property is zoned commercial so the options are endless. Currently in use as an Airbnb with 5* ratings over the past two years! Or use one unit as a primary residence & the other as a rental. Also ideal for live/work space. Live in one unit and convert the other unit to business space. The ideas for use are abundant for this property! This duplex is canal front on the Grand Canal, with access to 23 miles of fresh waterways. Location is close to the Fish Hook Canal, leading to Duck Lake. Walk into a new home, a business opportunity, or both. High quality finishes throughout both units. Quartz countertops, beautiful cabinetry, custom tile work in kitchens and bathrooms, ductless heat and A/C in Unit B, and both units have laundry facilities. No detail was missed in the remodel. Both units have canal views. There are also ocean views in the upper unit. Game room in lower unit. Unit A also has an EV charger. Parking is ample. The back yard is mostly fenced, offering privacy from neighbors. Hot tub pads have been poured and electrical disconnects are on the rear of the structure, ready to go. Too much to mention. Take the virtual tour to see more of this amazing property!
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Additional Information
- List Date
- 2026-05-06 19:56:28
- Community
- Ocean Shores
- Net Operating Income
- $141,838
- Gross Adjusted Income
- $155,125
- Gross Scheduled Income
- $182,500
- Total Monthly Income
- $15,200
- Insurance Expenses
- $1,905
- Water/Sewer/Garbage Expenses
- $2,711
- Gross Rent Multiplier
- 4.3
- Total Expenses
- $13,286
- Cap Rate
- 17.77
- Vacancy Rate
- 85
- Total Number of Units
- 2
- Unit Name
- 1042
- Potential Terms
- Cash, Conventional, FHA
- Year Built
- 1988
- Waterfront
- Yes
- View
- Bay, Canal, Ocean, Partial, Territorial
- Roof
- Composition
- Site Features
- Deck, Dock, Electric Car Charging, Fenced-Partially, High Speed Internet, Patio, RV Parking
- Electric Expenses
- 2100
- Other Expenses
- 2904
- Energy Source
- Electric
- School District
- North Beach
- Elementary School
- Ocean Shores Elem
- Middle School
- North Beach Mid
- High School
- North Beach High
- Total Monthly Income
- $15,200
- Gross Scheduled Income
- $182,500
- Vacancy Rate
- 85
- Gross Adjusted Income
- $155,125
- Tax Year
- 2026
- Insurance Expense
- $1,905
- W/S/G Expenses
- $2,711
- Total Expenses
- $13,286
- Net Operating Income
- $141,838
- Gross Rent Multiplier
- 4.3
- Cap Rate
- 17.77
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.