90 92 Mallard Cove Road, Port Angeles, WA 98363
- $2,590,000
- 2,519
- SqFt
Listing courtesy of Designed Real Estate.
- List Price
- $2,590,000
- Status
- ACTIVE
- MLS#
- 2521315
- Days on Market
- 78
- Style
- 52 - Duplex
- Building Condition
- Updated/Remodeled
- Finished SqFt
- 2,519
- Area Total SqFt
- 2519
- Annual Tax Ammount
- 5231.93
- Lot Size (sq ft)
- 4,356
- Sewer
- Septic Tank
Property Description
Rare opportunity to own a proven income-producing duplex on beautiful Lake Sutherland. Currently operating as a successful full-time Air bnb property, this three-unit waterfront retreat offers an established history of strong rental performance, with future bookings already secured for months ahead.Both rental units have been thoughtfully remodeled, with Unit 90 completed in May 2026. Recent upgrades include a new roof installed in 2026, along with numerous additional improvements throughout the property. Each rental unit is fully equipped with its own washer & dryer, hot tub, BBQ area, and an expansive approximately 580-square-foot lake-facing deck, creating an exceptional guest experience.The third unit has been reserved exclusively for private use and has never been rented. It is currently undergoing a full remodel, scheduled for completion prior to close of escrow. This unit also features its own private approximately 325-square-foot deck overlooking the lake. Buyers still have an opportunity to provide input on select finishing touches, making this a truly customizable investment opportunity. Sold furnished. Mallard Cove features a community swimming dock, boat dock, pond, waterfall, and ~350 ft of community waterfront. Shown by appointment only. Please do not disturb occupants or visit without a scheduled showing.
Additional Information
- List Date
- 2026-05-09 23:28:14
- Community
- Elwha
- Net Operating Income
- $170,161
- Gross Adjusted Income
- $226,400
- Gross Scheduled Income
- $245,000
- Total Monthly Income
- $16,923
- Insurance Expenses
- $2,581
- Water/Sewer/Garbage Expenses
- $1,200
- Gross Rent Multiplier
- 0.08
- Total Expenses
- $56,246
- Cap Rate
- 6.5
- Vacancy Rate
- 13
- Total Number of Units
- 3
- Unit Name
- 90 92
- Potential Terms
- Cash, Conventional
- Year Built
- 1962
- Waterfront
- Yes
- View
- Lake, Mountains
- Roof
- See Remarks
- Site Features
- Athletic Court, Deck, Dock, High Speed Internet, Hot Tub/Spa, Patio
- Electric Expenses
- 5611
- Other Expenses
- 41622
- Energy Source
- Electric, Wood
- School District
- Port Angeles
- Total Monthly Income
- $16,923
- Gross Scheduled Income
- $245,000
- Vacancy Rate
- 13
- Gross Adjusted Income
- $226,400
- Tax Year
- 2024
- Insurance Expense
- $2,581
- W/S/G Expenses
- $1,200
- Total Expenses
- $56,246
- Net Operating Income
- $170,161
- Gross Rent Multiplier
- 0.08
- Cap Rate
- 6.5
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.