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Listing Firm: Westlake Associates, Inc.: Tyler D. Smith

Bought With: Better Properties NW : Andre Scott

SOLD On November 18, 2020
NWMLS # 1669280

$1,725,000

  • Sold Price
  • - Beds
  • - Baths
  • 13750 Sq.ft.

805 E 5th Street , Port Angeles, WA 98362

Listings with the three tree icon are courtesy of NWMLS

About This Property

VALUE ADD! The Panorama Manor Apartments is a 23-unit value add play located near downtown Port Angeles. The Panorama is offered for sale with an in-place 6% Cap Rate. The five most recent 1x1 units have been renting at $795 plus $40 in utility bill back, and the highest in-place 2x1 is priced at $995. The loss to lease on current rents amounts to a stabilized Cap Rate of 8.55%. Market surveys suggest that the market rents for partially remodeled 1x1 range between $895-$950. Debt options avail.

Buyer's Agent: Andre Scott • Better Properties NW

Listed by: Tyler D. Smith • Westlake Associates, Inc.

Aris360 Last Checked: 2 Minutes Ago (Aug 04, 2025 03:18 PM)

  • Source: NWMLS as Distributed by MLS Grid #1669280

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: 5th
  • Zip/Postal Code: 98362
  • City: Port Angeles

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$3,847 per month
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Property Features

  • County
    • Port Angeles
  • Community
    • _920NortheastPortA
  • MLS Area
    • _920NortheastPortA
  • Longitude
    • -123.423412
  • Latitude
    • 48.110442
  • Directions
    • From US 101 W, Turn left onto N. Race St. and right on E. 5th St.

  • Interior
    • Wall to Wall Carpet
  • Floors
    • Vinyl
    • Carpet
  • Power Production Type
    • Electric
  • Furnished
    • Unfurnished

  • Stories
    • 2
  • Style
    • 56 - 10+ Units
  • Parking Spaces
    • 7
  • Lot Description
    • Corner Lot,
  • Foundation
    • Block,
  • Elevation
    • Feet
  • Exterior
    • Cement/Concrete
  • Roof
    • Torch Down,
  • Septic or Sewer
    • Sewer Connected,
  • Building Total Area (Sq. Ft.)
    • 14010
  • Utilities
    • Sewer Connected,
    • Electric,

  • High School District
    • Port Angeles

  • Possession
    • Closing,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi-Family
  • Tax Year
    • 2020
  • Structure Type
    • Multi Family,
  • Tax Amount
    • $9406
  • Year Built
    • 1962
  • Status
    • Sold

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Disclaimer: Based on information submitted to the MLS GRID as of Mon Aug 04 2025 . 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.

Aug 04, 2025 03:18 PM