517 Emerson Avenue, Hoquiam, WA 98550
- $1,000,000
- 6,360
- SqFt
Listing courtesy of Better Properties Grays Harbor.
- List Price
- $1,000,000
- Status
- ACTIVE
- MLS#
- 2486273
- Price Change
- ▼ $118,000 1781051581
- Days on Market
- 149
- Style
- 55 - 5-9 Units
- Building Condition
- Fair
- Finished SqFt
- 6,360
- Area Total SqFt
- 6360
- Annual Tax Ammount
- 6600.94
- Lot Size (sq ft)
- 10,454
- Sewer
- Sewer Connected
Property Description
Turn-key 9-unit investment property in a convenient Hoquiam location, offering a 8.5% cap rate. Most units have been updated, one unit undergoing a refresh and will be rented soon. On-site coin-operated laundry adds additional revenue potential, Landlord storage spaces could potentially be converted to storage units or an additional 1 bedroom for extra income. Close to schools, services, and major routes for easy access. Two units, one 2 bedroom and 1 one bedroom could have floorplan changed to add a bedroom to each for increased cash flow.
/u.realgeeks.media/rolandacarriere/header.png)
Additional Information
- List Date
- 2026-03-01 19:43:11
- Community
- West Hoquiam
- Net Operating Income
- $88,829
- Gross Adjusted Income
- $88,829
- Gross Scheduled Income
- $124,800
- Total Monthly Income
- $10,400
- Insurance Expenses
- $11,400
- Water/Sewer/Garbage Expenses
- $10,829
- Gross Rent Multiplier
- 11.26
- Total Expenses
- $29,730
- Cap Rate
- 8.89
- Vacancy Rate
- 5
- Total Number of Units
- 9
- Unit Name
- 517
- Potential Terms
- Cash
- Year Built
- 1906
- Roof
- Composition
- Electric Expenses
- 900
- Energy Source
- Electric
- School District
- Hoquiam
- Total Monthly Income
- $10,400
- Gross Scheduled Income
- $124,800
- Vacancy Rate
- 5
- Gross Adjusted Income
- $88,829
- Tax Year
- 2026
- Insurance Expense
- $11,400
- W/S/G Expenses
- $10,829
- Total Expenses
- $29,730
- Net Operating Income
- $88,829
- Gross Rent Multiplier
- 11.26
- Cap Rate
- 8.89
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.