1131 SE Ely Street, Oak Harbor, WA 98277
Listed by Jim Woessner, Better Homes&Gardens McKenzie
$625,000
1131 SE Ely Street, Oak Harbor, WA 98277
Oak Harbor, WA, 98277
- Built
- 1977
Tour this home
Jeff Reynolds · Managing Broker, Compass
Start with a focused 15-minute call, then tour with a clear due-diligence plan.
- Commercial Industrial
- Type
- 1977
- Year built
- 17,424 sq ft
- Lot
- 0
- Days on market
About this property
Prime mixed-use investment opportunity in Oak Harbor’s commercial business district. Property includes 2 commercial spaces on the ground floor with strong visibility & tenant appeal. Upper level features a partially completed condo conversion, offering value-add potential for multiple residential units up to 4 stories, live/work space, or expanded commercial use. Flexible zoning supports multiple income strategies. Upgraded fire system & large on-site parking lot with & existing drainage system already in place—reducing development costs & timelines. Conveniently located near shops, public transportation & parks, enhancing long-term desirability for tenants & owners alike. Ideal for investors seeking current income with future upside.
Location & commute
Add a destination (work, gym, school) for directions and drive time.
Property details
Listing details
- Listing number
- #2549384
- Listed
- July 30, 2026
- Days on market
- 0
Construction
- Year built
- 1977
- Style
- 60 - Comm Bldg Und 10K
- Structure
- Unspecified
Heating & cooling
- Heating
- Forced Air
- Cooling
- None
- Energy source
- Electric
Flooring
- Flooring
- Carpet
Lot
- Lot size
- 17,424 sq ft
Terms
- Terms offered
- CashConventional
Utilities
- Water
- City of Oak Harbor
- Sewer
- City of Oak Harbor
- Power
- PSE
Listing history
Listed
$625,000
July 30, 2026
Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.
Payment estimate
An estimate to help you plan, not a loan offer or financial advice.
Est. monthly
$3,639
- Principal & interest
- $3,160
- Property tax (est.)
- $479
Assumes $125,000 down (20%), a $500,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.
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Based on information submitted to the MLS GRID as of July 30, 2026 at 8:30 PM PDT. 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.