Oceanfront tri-plex in Ocean Shores offering strong income performance and stunning sunset views from three ocean-facing decks. Two units are occupied by long term (9+ years) tenants and the third unit just started a 1 year lease. Fully rented, the property now delivers a solid 6.7% cap rate. Located in a quiet, non-short term rental area, it offers stable, long-term rental appeal. An excellent option for investors seeking a turnkey asset and ideal for those identifying a replacement property for a 1031 exchange.
Active
Listed by:
Palmer Higa,
BHGRE - Northwest Home Team
$990,000
1029 S Sand Dune Avenue SW, Ocean Shores, WA 98569
7beds
7baths
5,698sqft
Est.:
Triplex
Built in 2005
-- sqft lot
$920,300 Zestimate®
$174/sqft
$-- HOA
What's special
- 89 days
- on Zillow |
- 347 |
- 15 |
Zillow last checked: 7 hours ago
Listing updated: August 14, 2025 at 12:13pm
Listed by:
Palmer Higa,
BHGRE - Northwest Home Team
Source: NWMLS,MLS#: 2378514

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 7
Heating
- Wall Unit(s), Electric
Cooling
- None
Features
- Flooring: Ceramic Tile, Laminate, Vinyl, Vinyl Plank, Carpet
- Has fireplace: No
Interior area
- Total structure area: 5,698
- Total interior livable area: 5,698 sqft
Video & virtual tour
Property
Parking
- Total spaces: 9
- Parking features: Open
- Covered spaces: 3
- Uncovered spaces: 6
Features
- Has view: Yes
- View description: Ocean
- Has water view: Yes
- Water view: Ocean
Lot
- Size: 0.32 Acres
- Features: Adjacent to Public Land, Paved, Deck, Propane, Rooftop Deck
Details
- Parcel number: 093300100700
- Zoning description: Residential
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Cement Planked, Cement Plank
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 2005
Utilities & green energy
- Electric: Company: Grays Harbor PUD
- Sewer: Sewer Connected, Company: City of Ocean Shores
- Water: Public, Company: City of Ocean Shores
Community & HOA
Community
- Subdivision: Ocean Shores
Location
- Region: Ocean Shores
Financial & listing details
- Price per square foot: $174/sqft
- Annual tax amount: $5,363
- Date on market: 5/20/2025
- Listing terms: Cash Out,Conventional
- Cumulative days on market: 91 days
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