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1031 Discovery Avenue SE Ocean Shores, WA $ 3,200,000
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$ 3,200,000 Get more info
1031 Discovery Avenue SE
$ 3,200,000
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Share Save

1031 Discovery Avenue SE

Ocean Shores, WA, 98569
$ 3,200,000
Baths0.0 Sq 12,018

Monthly Estimate*

$ 21,268

Listed by Windermere R.E. Ocean Shores
1031 Discovery Avenue SE, Ocean Shores, WA 98569 - Image 1
1031 Discovery Avenue SE, Ocean Shores, WA 98569 - Image 2
1031 Discovery Avenue SE, Ocean Shores, WA 98569 - Image 3
1031 Discovery Avenue SE, Ocean Shores, WA 98569 - Image 4
1031 Discovery Avenue SE, Ocean Shores, WA 98569 - Image 5
1031 Discovery Avenue SE, Ocean Shores, WA 98569 - Image 6
1031 Discovery Avenue SE, Ocean Shores, WA 98569 - Image 7
1031 Discovery Avenue SE, Ocean Shores, WA 98569 - Image 8
1031 Discovery Avenue SE, Ocean Shores, WA 98569 - Image 9
1031 Discovery Avenue SE, Ocean Shores, WA 98569 - Image 10
1031 Discovery Avenue SE, Ocean Shores, WA 98569 - Image 11
1031 Discovery Avenue SE, Ocean Shores, WA 98569 - Image 12
1031 Discovery Avenue SE, Ocean Shores, WA 98569 - Image 13
1031 Discovery Avenue SE, Ocean Shores, WA 98569 - Image 14
1031 Discovery Avenue SE, Ocean Shores, WA 98569 - Image 15
Studio

Multi-Family Home for sale in Ocean Shores, WA

for $3,200,000. This 12,018 square foot home was built in 1968 on a lot size of 1.28.

Discovery Shores is a 26 unit apartment complex located across from the OS Interpretive Center and the OS Marina (currently not operating) at the South end of Ocean Shores. It is a short distance to the OS Community Club. The owner purchased this property in 2020 and invested over $500,000 in deferred maintenance, unit conversions and upgrades. The South end of OS is experiencing substantial growth led by Oyhut Bay, a walkable community nearby. At some point there will be a new owner developer of the marina and the value of this property will adjust upwards. Tenants can kayak on the freshwater canal system that fronts the property. Buyer could also purchase The Constitution Apt's, listed at $4.8 M. Total for both is $7.95 Million.

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Multi-Family Active

Price

$ 3,200,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 11,980

Style

10+ Units

Lot Size

1.28

Year Built

1968

Town/City

Ocean Shores

County/Region

Grays Harbor

MLS | Web ID

2202083
Features
General
Interior Features Laminate
Sewer Sewer Connected
Heating Baseboard Wall Unit(s)
Cooling None
Possession Closing
Roof Composition
Exterior Features Wood Products
HOA 165
Year Built 1968
View Bay Canal Territorial
Property SubType Multi-Family
Tax Year 2023
Waterfront Features Canal Access
Community Features Golf
Assoc Fee Paid Per Annually
County Grays Harbor
Net Operating Income 216453
Insurance Expense 4667
New Construction N
Property Type Residential Income
HOA / Comm Assn Y
Subdivision Name Ocean Shores
Possible Use Business Commercial Multi-Family Office Retail
Special Listing Conditions None
Status Active
Directions Drive into Ocean Shores on Pt. Brown Ave. Continue 5+ miles South. Turn left on Discovery Ave. Discovery Shores will be on your right at the corner of Mt. Olympus Ave.
High School North Beach High
City Ocean Shores
Buyer Agent Compensation 2
View Y/N Y
Senior Community Y/N N
High School District North Beach
Open Parking Spaces 39
NumberOfUnitsTotal 0
MLS Area 194 - Ocean Shores
Lot Size Units Square Feet
Lot Size Square Feet 55757
Waterfront Y/N Y
Carport Spaces 0
Carport Y/N N
Street Name Discovery
Listing Terms Cash Out Conventional
Elementary School Ocean Shores Elem
Tax Annual Amount 11980
Electric Expense 13247
Fuel Expense 0
Middle/Junior High School North Beach Mid
Property Condition Good
Public Remarks Discovery Shores is a 26 unit apartment complex located across from the OS Interpretive Center and the OS Marina (currently not operating) at the South end of Ocean Shores. It is a short distance to
Leasable Area 11656
Structure Type Multi Family
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Amenities Coin Op Laundry
Water Company City of Ocean Shores
Units Below Grade false
Units In Building Total 26
Zoning Class Business Commercial Multi-Family Office Retail
Water Sewer Garbage 16705
Property Style 56 - 10+ Units
Cap Rate 6.18
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Interior
Flooring Laminate Vinyl
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Bedrooms Possible 0
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Exterior
Lot Features Community Golf Course Paved Sidewalk
Water Source Public
Total Parking 39
Foundation Details Slab
Building Area Total 12018
Lot Dimensions 200 x 200
Lot Size Acres 1.28
Covered Spaces 0
Open Parking Y/N Y
Irrigation Water Rights Y/N N
Site Features Dock
Parking Uncovered Spaces 39
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Internal Only
OriginalMLSID NWM2202083
Street Number 1 1031
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* Excluded Features
List By
Jim Donahoe

Listing Agent

Windermere R.E. Ocean Shores

Broker

Affordability Calculator

$22,267
Per Month
96%
4%
0%
Monthly Principal & Interest
$21,268
Monthly Property Taxes
$998
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
256833 Elementary School
258632 Middle School
North Beach High High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/14/2024$3,200,000 -8.57% Price Down
2/22/2024$3,500,000 Listed Price

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1031 Discovery Avenue SE, Ocean Shores, WA, 98569 is a Multi-Family Home for sale at $3,200,000 with 12,018 sqft and a lot size of 1.28. 1031 Discovery Avenue SE is a studio with 0.0 baths and was built in 1968. The property's zip code is 98569 which is in Ocean Shores, WA

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