520 O Avenue Anacortes, WA $ 725,000
520 O Avenue
$ 725,000
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520 O Avenue

Anacortes, WA, 98221
$ 725,000
Baths0.0 Sq 1,508

Monthly Estimate*

$ 4,464

Listed by RE/MAX Gateway
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Studio

Multi-Family Home for sale in Anacortes, WA

for $725,000. This 1,508 square foot home was built in 1999 on a lot size of 0.07.

Located in the core of Anacortes, this updated multi-unit property puts you just steps from downtown shops, dining, and the waterfront. Recent improvements include granite countertops, fresh flooring, and new exterior siding, creating a clean, modern feel throughout. The flexible Central Business District zoning opens the door to multiple paths—hold as an income property, enhance the existing layout, or explore future redevelopment options under current zoning guidelines. The street-level unit offers two bedrooms, one bathroom, washer and dryer hookups, and ADA access. Upstairs, a private entrance leads to a one-bedroom, one-bath unit with a full kitchen. No setbacks or driveway parking required (buyer to verify).

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Multi-Family Active

Price

$ 725,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 4,334

Style

Duplex

Lot Size

0.07

Year Built

1999

Town/City

Anacortes

County/Region

Skagit

MLS | Web ID

2460972

Features
General
Living Area 0
Sewer Sewer Connected
Heating Forced Air Wall Unit(s)
Cooling None
Possession Closing
Roof Composition
HOA Fee 0
Year Built 1999
View Territorial
Property Subtype Multi Family
Tax Year 2025
County Skagit
Net Operating Income 37965
Insurance Expense 1500
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Old Town
Special Listing Conditions None
Status Active
Directions Drive west on State Route 20 continue on WA-20 Spur right on R Ave continue on Q Ave left on 6th St right on 0 Ave and home will be on the left.
High School Anacortes High
City Anacortes
Senior Community Y/N N
High School District Anacortes
Open Parking Spaces 0
Number Of Units Total 2
MLS Area 815 - Anacortes
Lot Size Units Square Feet
Lot Size Square Feet 3049
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional FHA VA Loan
Elementary School Whitney Elem
Tax Annual Amount 4334.77
Electric Expense 108
Fuel Expense 0
Middle/Junior High School Anacortes Mid
Public Remarks Located in the core of Anacortes this updated multi-unit property puts you just steps from downtown shops dining and the waterfront. Recent improvements include granite countertops fresh flooring and
Leasable Area 1508
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Water Company City of Anacortes
Units Below Grade false
Units In Building Total 2
Water Sewer Garbage 240
Property Style 52 - Duplex
Cap Rate 5.07
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Exterior
Exterior Amenities Wood Products
Lot Features Corner Lot Paved Sidewalk
Water Source Public
Total Parking 0
Foundation Details Poured Concrete
Building Area Total 1508
Lot Size Acres 0.07
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Cable TV Gas Available High Speed Internet
Parking Uncovered Spaces 0
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Interior
Flooring Vinyl Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric Natural Gas
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2460972
Street Number 1 520
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* Excluded Features
List By
Kelli Lang

Listing Agent

Re/Max Gateway

Broker

Affordability Calculator

$4,825
Per Month
93%
7%
0%
Monthly Principal & Interest
$4,464
Monthly Property Taxes
$361
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
5360398 Elementary School
258056 Middle School
Anacortes High High School
Pricing History
DatePricePrice ChangeDescription
12/16/2025$725,000 Listed Price

Map


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520 O Avenue, Anacortes, WA, 98221 is a Multi-Family Home for sale at $725,000 with 1,508 sqft and a lot size of 0.07. 520 O Avenue is a studio with 0.0 baths and was built in 1999. The property's zip code is 98221 which is in Anacortes, WA