$599,000

7 Beds 6 Baths 4,802 SQFT 0.12 Acres
Type: Multi-Family

220 W 4th Street
Aberdeen, WA 98520

MLS#: 2582435
Presented by: Spivey Realty Group, LLC and NWMLS

Property Description

 

Strong income-producing opportunity in the heart of Aberdeen! This 8-unit multifamily property offers ~4,802 sq ft of rentable space and generates approximately $8,125/month in gross scheduled rental income, or $97,500 annually, with an estimated 9.97% cap rate and $59,707 NOI. The property features a mix of one- and two-bedroom units, many with updates throughout, plus on-site coin-operated laundry for additional income and storage. A substantial ~2,128 sq ft basement provides additional storage and utility space. Conveniently located near downtown Aberdeen, shopping, schools, and local amenities, this established multifamily asset offers strong existing income with additional value-add potential!


 

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringLaminate
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces0
Total Stories2

General

AmenitiesBasement, Coin Op Laundry, Storage
Building Area Units0 sqft
Cap Rate9.97
Carport Spaces0
Carport Y/NNo
CityAberdeen
CoolingNone
CountyGrays Harbor
DirectionsGPS
Electric Expense1200
Fuel Expense0
Garage Spaces0
HOANo
HOA Fee$0
HeatingFireplace Insert
High School DistrictAberdeen
Insurance Expense6500
Leasable Area4,802 sqft
Listing TermsCash, Conventional
Living Area0 sqft
Lot Size Square Feet5,227 sqft
Lot Size UnitsSquare Feet
MLS Area198 - Aberdeen
NWM_ShowMapLinkY
Net Operating Income59707
New ConstructionNo
Number Of Units Total6
PossessionClosing
Possible UseMulti-Family
Property Style55 - 5-9 Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksStrong income-producing opportunity in the heart of Aberdeen! This 8-unit multifamily property offers ~4, 802 sq ft of rentable space and generates approximately $8, 125/month in gross scheduled rental
RoofComposition
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameAberdeen
Tax Annual Amount$4,578
Tax Year2026
Units Below Gradefalse
Units In Building Total8
Water CompanyCity of Aberdeen
Water Sewer Garbage14400
Year Built1903
Zoning DescriptionMulti-Family

Exterior

Building Area Total4,802 sqft
Covered Spaces0
Exterior AmenitiesWood
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesPaved, Sidewalk
Lot Size Acres0.12
Parking Uncovered Total0
Site FeaturesCable TV, High Speed Internet
Total Parking0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools 

High School N/A
Middle School N/A
Elementary School N/A

  

Similar Properties

$599,000

7 Beds 6 Baths 4,802 SQFT 0.12 Acres
Type: Multi-Family

220 W 4th Street
Aberdeen, WA 98520

MLS#: 2582435