City Place Townhomes 808 S Chase St 8 Unit Apartment Building $2,176,512 CAD ($272,064 CAD/Unit) 6.15% Cap Rate Port Angeles, WA 98362

Paragon Real Estate Advisors and Highmark Partners are pleased to present City Place Townhomes, a multifamily investment opportunity located in the coastal city of Port Angeles, Washington. City Place offers investors the opportunity to acquire a well-maintained asset in a stable rental market with strong long-term hold appeal and consistent tenant demand.
The property benefits from solid construction, functional unit layouts, and an efficient ownership profile that supports operational stability and manageable ongoing capital needs. Its location provides convenient access to downtown Port Angeles, major employers, retail amenities, the waterfront, and the gateway to Olympic National Park, making it an attractive housing option within the Olympic Peninsula submarket.
City Place Townhomes features a desirable mix of spacious units designed to appeal to a broad renter base seeking quality housing in a market where rental inventory remains limited. The property’s practical floor plans, livable unit sizes, and strong local demand drivers contribute to stable occupancy and long-term tenant retention.
Offered at compelling pricing, City Place Townhomes represents an attractive investment opportunity for buyers seeking stable cash flow, long-term appreciation potential, and exposure to a supply-constrained coastal Washington market. The property’s efficient design, attractive unit layouts, and strategic coastal location support long-term stability and ongoing rental performance.