Investor’s Dream – Clean, Cash-Flowing Triplex in Prime Condition, Ocean Shores

We have an assignable contract available to purchase.

Go to foursquaredeals.net to see our other deals/inventory.  You can also view our sold deals for reference.

This fully rented and well-maintained triplex is a strong addition to any investment portfolio, boasting a solid 7.08% cap rate with long-term tenants already in place. The property includes a spacious 3-bed/1-bath upper unit, recently remodeled, and two 2-bed/1-bath lower units, both updated within the past five years. Clean, updated, and well managed, this income-generating property offers immediate cash flow with upside potential for increased rental income. A great opportunity for both seasoned and first-time investors.

SUGGESTED STARTING PRICE: 397,500 (assignment included)

Perfect For: Buy & Hold - Add to portfolio

ARV Comps:

671 Sunset Ave NE Ocean Shores WA 98569 - Sold 758K - 3/26/25

799 Point Brown Ave SW Ocean Shores 98569 - Sold 480K - 1/31/23

1471 E Ocean Shores Blvd Ocean Shores WA 98569 - Sold 530K - 7/3/23

Buy & Hold

Rental Comps:

2-1

309 Cockle St SW Ocean Shores WA 98569 - Rent 1,800/mo.

946 Ocean Shores Blvd SW Ocean Shores WA 98569 - Rent 1,750/mo.

991 Silver King Ave SE Ocean Shores WA 98569 - Rent 1,550/mo.

3-1

595 Mt Olympus Ave SE Ocean Shores WA 98569 - Rent 1,900/mo.

PROPERTY OVERVIEW

7 bedrooms

3 bathrooms

2,944 sq. ft. 

Lot size 0.19 acres

Built in 1978

Top (1) unit: 3 bed 2 bath - 1,450/mo.

Bottom (2) units: 2 bed 1 bath - (2) 1,250/mo.

Gross rent: 2,950/mo.

PROPERTY DETAILS

Exterior: Maintained

Roof: Maintained

Landscape: Maintained

Windows: Double pane

Utilities: City water and sewer

Plumbing: Functional

Electric: Functional

Foundation: No issues

Hot Water Heater: No issues

HVAC: Baseboard heating

Kitchen: Clean and maintained

Bathrooms: Clean and maintained

Garage: No garage, parking in driveway

Laundry: On site

ADDITIONAL INSIGHTS

Call/text TIKI for interior photos - 209-409-4355

All tenants are month to month - New owner to sign new leases with tenants

Owner pays water and garbage, tenants pay other utilities

History: Rental

Occupancy: Tenant occupied - fully rented at closing

EM Deposit: 8K

PLEASE CALL TIKI TO SCHEDULE SHOWINGS & INTERIOR PHOTOS

(209)-409-4355

TENTATIVE CLOSE DATE ON OR BEFORE JUNE 6, 2025

WATCH THE WALK THROUGH VIDEO BELOW