Presented by: Keller Williams Rlty Bellevue and NWMLS
Property Description
Aggressively priced 7-unit apartment building with a strong rental history and clear value-add upside. The property features four 2-bedroom units and three 1-bedroom units, offering a desirable mix of living spaces for tenants. Rents are currently below market, creating a strong opportunity for future rental increases and improved cash flow.The building also includes a garage that can be used as a shop, tenant storage, or additional income-producing space. Conveniently located near public transportation, shopping, and everyday amenities, this property offers both stability and upside potential for investors looking to maximize returns.
Interior Features
Bedrooms
Bedrooms Upper0
Bathrooms
Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0
Other Interior Features
Air Conditioning Y/NYes
Fireplace Y/NNo
FlooringLaminate, Vinyl, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces0
Total Stories2
General
Building Area Units0 sqft
Building NameHoquiam Corr
Cap Rate9
Carport Spaces0
Carport Y/NNo
CityHoquiam
CoolingWall Unit(s)
CountyGrays Harbor
DirectionsFrom downtown Hoquiam on Simpson Avenue turn Right on 10th at bottom of Bridge to Left on J Street building on the Right.
Electric Expense0
Elementary SchoolBuyer To Verify
Fuel Expense0
Garage Spaces1
HOANo
HOA Fee$0
HeatingBaseboard
High SchoolHoquiam High
High School DistrictHoquiam
Insurance Expense3458
Leasable Area6,555 sqft
Listing TermsCash, Conventional
Living Area0 sqft
Lot Size Square Feet6,098 sqft
Lot Size UnitsSquare Feet
MLS Area197 - Hoquiam
Middle/Junior High SchoolHoquiam Mid
NWM_ShowMapLinkY
Net Operating Income43446
New ConstructionNo
Number Of Units Total7
PossessionClosing
Possible UseMulti-Family
Property ConditionGood
Property Style55 - 5-9 Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksAggressively priced 7-unit apartment building with a strong rental history and clear value-add upside. The property features four 2-bedroom units and three 1-bedroom units, offering a desirable mix of
RoofFlat
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameHoquiam
Tax Annual Amount$3,012
Tax Year2025
Units Below Gradefalse
Units In Building Total7
ViewTerritorial
Water CompanyCity of Hoquiam
Water Sewer Garbage14984
Year Built1929
Zoning DescriptionMulti-Family
Exterior
Building Area Total6,971 sqft
Covered Spaces1
Exterior AmenitiesWood
Foundation DetailsConcrete Ribbon, Pillar/Post/Pier
Irrigation Water Rights Y/NNo
Lot Dimensions56x97x56x97
Lot FeaturesCorner Lot, Curbs, Paved, Sidewalk
Lot Number14
Lot Size Acres0.14
Parking Uncovered Total1
Site FeaturesCable TV
Total Parking2
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Hoquiam High
Middle School
Hoquiam Mid
Elementary School
Buyer To Verify Elementary School
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Contact
914 15th St #1
Anaccortes, WA 98221
Anaccortes, WA 98221