$385,000

5 Beds 4 Baths 2,892 SQFT 0.23 Acres
Type: Multi-Family

1111 Chenault Avenue
Hoquiam, WA 98550

MLS#: 2549695
Presented by: Premier Realty Grays Harbor and NWMLS

Property Description

 

Turnkey investment opportunity with owner-occupancy potential! Live in one unit while generating rental income from the others, or add a strong income-producing property to your portfolio. This well-maintained triplex features two units in the front building and a separate rear unit with its own private entrance, garage space, and alley access. Unit 1 offers 2 bedrooms and 1 bath on the main level. Unit 2 features 1 bedroom, 2 baths, and a dedicated office upstairs, making it an excellent owner-occupied option. Unit 3 includes 2 bedrooms, 1 bath, private entry, garage space, and added privacy. Each unit has its own laundry facilities for added tenant convenience. Recent updates include fresh interior paint and new flooring. A spacious side yard, driveway, and off-street parking enhance the property's appeal. The upstairs unit is expected to be fully leased by the end of July, offering flexibility for buyers who wish to occupy it before leasing or simply acquire a fully rented asset. Whether you're expanding your investment portfolio or purchasing your first multifamily property, this Hoquiam triplex offers flexible living arrangements, solid rental potential, and an excellent opportunity to build long-term wealth.


 

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
FlooringCeramic Tile, Vinyl, Carpet
Heating Y/NYes
Power Production TypeElectric, See Remarks
Total Fireplaces0
Total Stories2

General

Building Area Units0 sqft
Building NameKarrs River Lots
Cap Rate8.68
Carport Spaces0
Carport Y/NNo
CityHoquiam
CoolingDuctless
CountyGrays Harbor
DirectionsUse GPS
Electric Expense0
Elementary SchoolBuyer To Verify
Fuel Expense0
Garage Spaces1
HOANo
HOA Fee$0
HeatingDuctless, Wall Furnace
High SchoolBuyer To Verify
High School DistrictHoquiam
Insurance Expense1100
Leasable Area3,000 sqft
Listing TermsCash, Conventional
Living Area0 sqft
Lot Size Square Feet9,920 sqft
Lot Size UnitsSquare Feet
MLS Area197 - Hoquiam
Middle/Junior High SchoolBuyer To Verify
NWM_ShowMapLinkY
Net Operating Income33882
New ConstructionNo
Number Of Units Total3
PossessionSee Remarks, Subject To Tenant Rights
Possible UseResidential
Property ConditionGood
Property Style53 - Tri-plex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksTurnkey investment opportunity with owner-occupancy potential! Live in one unit while generating rental income from the others, or add a strong income-producing property to your portfolio. This well-m
RoofComposition
Security FeaturesPartially Fenced
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeTriplex
Subdivision NameHoquiam
Tax Annual Amount$2,153
Tax Year2026
Units Below Gradefalse
Units In Building Total3
Water CompanyCity Of Hoquiam
Water Sewer Garbage2880
Year Built1936
Zoning DescriptionResidential

Exterior

Building Area Total2,892 sqft
Covered Spaces1
Exterior AmenitiesSee Remarks, Wood
Foundation DetailsPillar/Post/Pier
Irrigation Water Rights Y/NNo
Lot FeaturesAlley, Curbs, Paved, Sidewalk
Lot Number15
Lot Size Acres0.2277
Parking Uncovered Total6
Site FeaturesCable TV, Fenced-Partially, Gas Available, High Speed Internet
Total Parking7
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools 

Elementary School Buyer To Verify Elementary School
High School Buyer To Verify High School
Middle School Buyer To Verify Middle School

  

Similar Properties

$385,000

5 Beds 4 Baths 2,892 SQFT 0.23 Acres
Type: Multi-Family

1111 Chenault Avenue
Hoquiam, WA 98550

MLS#: 2549695