Listing provided courtesy of Coldwell Banker 360 Team. Bought with Coldwell Banker 360 Team.
Off Market Feb 2008 for $1.2M
—
Studio
•
— ba
•
9,462
sq ft
701 NW Rigging St, Oak Harbor, WA 98277
About this home
Multi family residences situated on 6.48 acres. Multiple buildings consist of three homes and 24 apartments with room for an additional 40 units to be built. Units are studios, 1, 2 and 3 bedrooms located in tri-plexes, 4-plexes or homes. Property and buildings are being sold as is with no warranties to any buildings. Septic systems are on site with a private well. City utilities are in nearby neighborhoods. Property manager on site. Financials to be released with an acceptable offer.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Permits
Beds
8
Baths
4
Stories
1
Lot width
—
Lot depth
—
Lot size
1.8 Acres
Year renovated
1978
Sq. Ft.
2,574
Year built
1976
Style
Other
County
Island County
APN
R13334-284-0080
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
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Last updated by owner on Jun 17, 2026.
Apr 24, 2026 • Final
Civil plan review
Grading
Plumbing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Parking Uncovered Spaces: 27
Open Parking Spaces: 27
Has Open Parking
Interior
Heating & Cooling
Has Heating
Interior Features
Interior Features: Wall to Wall Carpet
Flooring: Vinyl, Carpet
Exterior
Building Information
Roof: Composition
Exterior Features
Exterior Features: Wood Products
Property Information
Style Code: 56 - 10+ Units
Property Type: Residential Income
Property Sub Type: Multi Family
Land Information
Possible Use: Multi-Family, Residential
Lot Information
Lot Features: Paved
Lot Size Units: Square Feet
Lot Size Acres: 6.48
Elevation Units: Feet
Financial
Tax Information
Tax Year: 2007
Financial Information
Listing Terms: Cash Out, Conventional
Buyer Financing: Conventional
Utilities
Utility Information
Water Source: Individual Well, Private
Water Company: Private well
Power Company: PSE
Sewer: Septic Tank
Sewer Company: Septic
Utilities: Septic System, Electric, Individual Well
Water Sewer Garbage: 0
Location
Multi-Family Financial Information
Net Operating Income: $143,986
Gross Adjusted Income: 143986
Gross Scheduled Income: $144,000
Total Monthly Income: 12000
Gross Rent Multiplier: 10
Total Expenses: 0
Multi-Unit Information
Units Below Grade: false
Units In Building Total: 27
# of Units (Total): 6
Furnished: Unfurnished
HOA Information
Association Fee Frequency: Annually
School Information
High School District: Oak Harbor
Location Information
Directions: Crosby Ave to NW Rigging St
Public facts
Beds: 8
Baths: 4.0
Sq. Ft.: 2,574
Stories: 1.0
Lot Size: 1.8 acres
Style: Other
Year Built: 1976
Year Renovated: 1978
County: Island County
APN: R13334-284-0080
Home facts updated by county records on Jun 17, 2026
Other
Listing Information
Mls Status: Sold
Listing Date Information
On Market Date: Monday, October 15, 2007
Green Information
Power Production Type: Electric
Home Information
Living Area Units: Square Feet
Calculated Square Footage: 9462
Building Area Total: 9462
Building Area Units: Square Feet
Structure Type: Multi Family
Stories Total: 2
Around this home
Schools
Hillcrest Elementary School
Public K-4 • Assigned • 0.2mi
10/10
North Whidbey Middle School
Public 7-8 • Assigned • 1.5mi
7/10
Oak Harbor High School
Public 9-12 • Assigned • 0.5mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 78° expected this year, 19 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
6/10 Air Factor
7 unhealthy days expected this year, 8 days in 30 years
Provided by First Street
Historical weather
Oak Harbor, WA • 98277
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Sun exposure
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