$625,000 Price Analysis   ♡   Hoquiam, WA 98550 Unknown bed None bath 4,364 SqFt ($143/SqFt) 7,405SqFt lot. Built 1981 Listed 2024-07-18, Taxes $2,872 | ✓ USDA Eligible near Hoquiam, WA Restrictions may apply due to home size |
Introducing a prime Multi-Family 5-ple x investment property located in West Hoquiam.
This well-maintained building features laundry room, five roomy 2-bedroom, 1-bath units, each with covered carprt parking. Conveniently situated less than 30 minutes from the ocean beaches and short walk to downtown Hoquiam, this property offers excellent rental potential.
Dont miss this exceptional investment opportunity in a desirable area.
Presented by Kristi Norberg at
First Harbor Real Estate, Inc.
Property MLS #2266769 from NWMLS
Laminate
Wall to Wall Carpet
Flooring: Laminate, Vinyl, Wall to Wall Carpet
Wall to Wall Carpet
Flooring: Laminate, Vinyl, Wall to Wall Carpet
Heating Features: Baseboard
Heating Fuel: Electric
Heating: Yes
Heating Fuel: Electric
Heating: Yes
Cement/Concrete
Wood Products
Wood Products
Carport Spaces: 5
Open Parking Spaces: 3
Open Parking: Yes
Parking Total: 8
Open Parking Spaces: 3
Open Parking: Yes
Parking Total: 8
Lot Description: Curbs, Paved Street, Sidewalk
Lot Size Acres: 0.1699954
Lot Size Square Feet: 7405
Lot Size Acres: 0.1699954
Lot Size Square Feet: 7405
View: Territorial
Green Energy Efficient: Thermal Windows
Security Features: FullyFenced
Green Energy Efficient: Thermal Windows
Security Features: FullyFenced
Coin Op Laundry
Storage
Thermal Windows
Storage
Thermal Windows
Elementary School: Buyer To Verify
High School: Buyer To Verify
High School District: Hoquiam
Middle School: Buyer To Verify
High School: Buyer To Verify
High School District: Hoquiam
Middle School: Buyer To Verify
Central Elementary School is a public elementary school located approximately 0.1 miles away.
Map directions
Map directionsHoquiam Middle School is a public middle school located approximately 0.7 miles away.
Map directions
Map directionsHoquiam High School is a public high school located approximately 0.9 miles away.
Map directions
Map directionsSt Mary School is a private elementary and middle school located approximately 3.4 miles away.
Map directions
Map directionsGross Scheduled Income: 60300
Leasable Area: 4364
Leasable Area Units: Square Feet
Leasable Area: 4364
Leasable Area Units: Square Feet
Number of Units: 5
Calculated Total Monthly Association Fees: 0
Annual Tax Amount: 3258.920000000
Source Listing Status: Active
Country Region: US
County: Grays Harbor
Cap Rate: 7.2
Directions: Head West towards Hoquiam on (US-101), turn left onto Emerson Ave, Property is located on the left on the corner of Emerson and 2nd.
Tax Year: 2024
Source Property Type: Multi-Family
Possible Use: Multi-Family
Insurance Expense: 1831
Area: 197 - Hoquiam
List Development Name: Hoquiam
Source Neighborhood: Hoquiam
Parcel Number: 051800800300
Street Suffix Modifier: Street
Subdivision: Hoquiam
Zoning: MultiFamily
Source System Name: C2C
Buyer Agent Commission: 2
Source Listing Status: Active
Country Region: US
County: Grays Harbor
Cap Rate: 7.2
Directions: Head West towards Hoquiam on (US-101), turn left onto Emerson Ave, Property is located on the left on the corner of Emerson and 2nd.
Tax Year: 2024
Source Property Type: Multi-Family
Possible Use: Multi-Family
Insurance Expense: 1831
Area: 197 - Hoquiam
List Development Name: Hoquiam
Source Neighborhood: Hoquiam
Parcel Number: 051800800300
Street Suffix Modifier: Street
Subdivision: Hoquiam
Zoning: MultiFamily
Source System Name: C2C
Buyer Agent Commission: 2
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $227,995 + $31,875 $259,870 | $2,872 |
| 2022 | $215,909 + $15,000 $230,909 | $2,934 |
| 2021 | $215,909 + $15,000 $230,909 | $3,124 |
| 2020 | $172,727 + $15,000 $187,727 | $2,621 |
| 2019 | $150,266 + $15,000 $165,266 | $2,202 |
| 2017 | $158,175 + $15,000 $173,175 | $2,623 |
| 2017 | $150,266 + $15,000 $165,266 | $2,623 |
| 2016 | $162,105 + $15,000 $177,105 | $2,604 |
| 2015 | $164,000 + $15,000 $179,000 | $2,694 |
| 2014 | $164,000 + $15,000 $179,000 | $2,831 |
| 2013 | $164,000 + $15,000 $179,000 | $2,717 |
| 2012 | $185,625 + $24,375 $210,000 | $2,851 |
| 2011 | $185,625 + $24,375 $210,000 | $2,757 |
| 2010 | $185,625 + $24,375 $210,000 | $2,747 |
| 2009 | $185,625 + $24,375 $210,000 | $2,555 |
| 2008 | $172,750 + $17,250 $190,000 | $2,573 |
Listed 2024-07-18
$625,000
NWMLS
Sold 2019-08-30
$340,000
NWMLS
Relisted 2019-08-01
$350,000
NWMLS
Listing removed 2019-07-30
$0
NWMLS
Relisted 2019-07-19
$350,000
NWMLS
Listing removed 2019-07-13
$0
NWMLS
Listed 2019-07-06
$350,000
NWMLS
Listing removed 2011-02-13
$325,000
NWMLS
Listed 2010-08-12
$325,000
NWMLS
Sold 2006-04-27
$205,000
Public Record
$625,000
NWMLS
Sold 2019-08-30
$340,000
NWMLS
Relisted 2019-08-01
$350,000
NWMLS
Listing removed 2019-07-30
$0
NWMLS
Relisted 2019-07-19
$350,000
NWMLS
Listing removed 2019-07-13
$0
NWMLS
Listed 2019-07-06
$350,000
NWMLS
Listing removed 2011-02-13
$325,000
NWMLS
Listed 2010-08-12
$325,000
NWMLS
Sold 2006-04-27
$205,000
Public Record
Net Operating Income: 44953
Operating Expense: 15346.20000000
Operating Expense: 15346.20000000
Electric Expense: 2037.72
Power Production Type: Electric
Sewer: Sewer Connected
Water Source: Public
Power Production Type: Electric
Sewer: Sewer Connected
Water Source: Public
Building Area Total: 4364
Building Area Units: Square Feet
Foundation Details: Poured Concrete
Living Area Units: Square Feet
Property Age: 43
Roof: Composition
Building Total Stories: 2
Structure Type: Multi Family
House Style: 5-9 Units
Elevation Units: Feet
Year Built Effective: 1981
Building Area Units: Square Feet
Foundation Details: Poured Concrete
Living Area Units: Square Feet
Property Age: 43
Roof: Composition
Building Total Stories: 2
Structure Type: Multi Family
House Style: 5-9 Units
Elevation Units: Feet
Year Built Effective: 1981
Click Thumbnail Images To View Full Size
 |  |  |  |  |
 |  |  |  |  |
 | ||||
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.