$450,000 Price Analysis   ♡   Hoquiam, WA 98550 Unknown bed None bath 2,736 SqFt ($164/SqFt) 5,800SqFt lot. Built 1975 Listed 2024-07-18, Taxes $3,144 | ✓ USDA Eligible near Hoquiam, WA Restrictions may apply due to home size |
Discover a prime Multi-Family investment opportunity in Hoquiam.
This property offers four units, each with 2 bedrooms and 1 bath. Tenants enjoy the added benefits of a coin-op laundry and extra storage space. All units feature modern vinyl windws and have been well-maintained over the years.
Convenient alley access provides parking in the back. Additionally, the property is 30 minutes from the ocean beaches, enhancing its appeal. Seize this exceptional investment opportunity.
Presented by Kristi Norberg at
First Harbor Real Estate, Inc.
Property MLS #2266112 from NWMLS
Ceramic Tile
Laminate
Wall to Wall Carpet
Flooring: Ceramic Tile, Laminate, Wall to Wall Carpet
Laminate
Wall to Wall Carpet
Flooring: Ceramic Tile, Laminate, Wall to Wall Carpet
Heating Features: Baseboard
Heating Fuel: Electric
Heating: Yes
Heating Fuel: Electric
Heating: Yes
Metal/Vinyl
Lot Description: Alley, Paved Street
Lot Size Acres: 0.1331497
Lot Size Square Feet: 5800
Lot Size Acres: 0.1331497
Lot Size Square Feet: 5800
Open Parking Spaces: 4
Open Parking: Yes
Parking Total: 4
Open Parking: Yes
Parking Total: 4
View: Territorial
Green Energy Efficient: Thermal Windows
Security Features: FullyFenced
Green Energy Efficient: Thermal Windows
Security Features: FullyFenced
Coin Op Laundry
Thermal Windows
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 1.2 miles away.
Map directions
Map directionsHoquiam Middle School is a public middle school located approximately 1.9 miles away.
Map directions
Map directionsHoquiam High School is a public high school located approximately 2.1 miles away.
Map directions
Map directionsSt Mary School is a private elementary and middle school located approximately 2.3 miles away.
Map directions
Map directionsGross Scheduled Income: 46800
Leasable Area: 2736
Leasable Area Units: Square Feet
Leasable Area: 2736
Leasable Area Units: Square Feet
Number of Units: 4
Calculated Total Monthly Association Fees: 0
Annual Tax Amount: 3076.599999999
Source Listing Status: Active
Country Region: US
County: Grays Harbor
Cap Rate: 7.7
Directions: Head west towards Hoquiam on Sumner Ave (US-101), turn left onto Ontario St, turn right onto Pacific. Property in located on the left.
Tax Year: 2024
Source Property Type: Multi-Family
Possible Use: Multi-Family
Insurance Expense: 2326.02
Area: 197 - Hoquiam
List Development Name: Ontario
Source Neighborhood: Ontario
Parcel Number: 055205402000
Street Suffix Modifier: Avenue
Subdivision: Ontario
Zoning: Multi-Family
Source System Name: C2C
Buyer Agent Commission: 2
Source Listing Status: Active
Country Region: US
County: Grays Harbor
Cap Rate: 7.7
Directions: Head west towards Hoquiam on Sumner Ave (US-101), turn left onto Ontario St, turn right onto Pacific. Property in located on the left.
Tax Year: 2024
Source Property Type: Multi-Family
Possible Use: Multi-Family
Insurance Expense: 2326.02
Area: 197 - Hoquiam
List Development Name: Ontario
Source Neighborhood: Ontario
Parcel Number: 055205402000
Street Suffix Modifier: Avenue
Subdivision: Ontario
Zoning: Multi-Family
Source System Name: C2C
Buyer Agent Commission: 2
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $263,532 + $20,880 $284,412 | $3,144 |
| 2022 | $170,735 + $11,600 $182,335 | $2,317 |
| 2021 | $155,214 + $11,600 $166,814 | $2,256 |
| 2020 | $155,214 + $11,600 $166,814 | $2,329 |
| 2019 | $119,395 + $11,600 $130,995 | $1,745 |
| 2017 | $119,395 + $11,600 $130,995 | $1,984 |
| 2017 | $119,395 + $11,600 $130,995 | $1,984 |
| 2016 | $106,590 + $11,600 $118,190 | $1,738 |
| 2015 | $113,880 + $11,600 $125,480 | $1,888 |
| 2014 | $113,880 + $11,600 $125,480 | $1,985 |
| 2013 | $113,880 + $11,600 $125,480 | $1,905 |
| 2012 | $112,535 + $17,465 $130,000 | $1,765 |
| 2011 | $112,535 + $17,465 $130,000 | $1,706 |
| 2010 | $112,535 + $17,465 $130,000 | $1,700 |
| 2009 | $112,535 + $17,465 $130,000 | $1,582 |
| 2008 | $74,660 + $13,340 $88,000 | $1,191 |
Listed 2024-07-18
$450,000
NWMLS
Listing removed 2019-09-07
$0
NWMLS
Sold 2019-08-30
$250,000
NWMLS
Relisted 2019-08-01
$260,000
NWMLS
Listing removed 2019-07-30
$0
NWMLS
Relisted 2019-07-19
$260,000
NWMLS
Listing removed 2019-07-13
$0
NWMLS
Listed 2019-07-06
$260,000
NWMLS
Listing removed 2015-10-07
$192,000
NWMLS
Listing removed 2011-02-13
$280,000
NWMLS
Listed 2010-08-12
$280,000
NWMLS
Sold 2007-09-26
$185,000
Public Record
Listed 2007-08-08
$192,000
NWMLS
Sold 2005-08-18
$125,000
Public Record
Sold 2003-08-29
$85,000
Public Record
$450,000
NWMLS
Listing removed 2019-09-07
$0
NWMLS
Sold 2019-08-30
$250,000
NWMLS
Relisted 2019-08-01
$260,000
NWMLS
Listing removed 2019-07-30
$0
NWMLS
Relisted 2019-07-19
$260,000
NWMLS
Listing removed 2019-07-13
$0
NWMLS
Listed 2019-07-06
$260,000
NWMLS
Listing removed 2015-10-07
$192,000
NWMLS
Listing removed 2011-02-13
$280,000
NWMLS
Listed 2010-08-12
$280,000
NWMLS
Sold 2007-09-26
$185,000
Public Record
Listed 2007-08-08
$192,000
NWMLS
Sold 2005-08-18
$125,000
Public Record
Sold 2003-08-29
$85,000
Public Record
Net Operating Income: 34660
Operating Expense: 12139.18000000
Operating Expense: 12139.18000000
Electric Expense: 840
Power Production Type: Electric
Sewer: Sewer Connected
Water Source: Public
Power Production Type: Electric
Sewer: Sewer Connected
Water Source: Public
Building Area Total: 2736
Building Area Units: Square Feet
Building Name: Ontario
Foundation Details: Concrete Block
Living Area Units: Square Feet
Property Age: 49
Roof: Composition
Building Total Stories: 2
Structure Type: Quadruplex
House Style: 4-Plex
Elevation Units: Feet
Year Built Effective: 1975
Building Area Units: Square Feet
Building Name: Ontario
Foundation Details: Concrete Block
Living Area Units: Square Feet
Property Age: 49
Roof: Composition
Building Total Stories: 2
Structure Type: Quadruplex
House Style: 4-Plex
Elevation Units: Feet
Year Built Effective: 1975
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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.