702 L Street, Hoquiam, WA 98550

$1,725,000
16,848
SqFt

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Listing courtesy of Westlake Associates, Inc..

List Price
$1,725,000
Status
ACTIVE
MLS#
2524342
Days on Market
75
Style
56 - 10+ Units
Finished SqFt
16,848
Area Total SqFt
16848
Annual Tax Ammount
8272
Lot Size (sq ft)
20,038
Sewer
Sewer Connected

Property Description

Harbor House Apartments is a well-maintained 18-unit garden-style community built in 1965 in Hoquiam. Offering two-bed, one-bed and studio unit floor plans, Residents have quick access to US-12, major employers in Hoquiam and Aberdeen, creating a practical neighborhood setting. The property has received over $37,000 in recent capital improvements.

Additional Information

List Date
2026-05-15 22:44:31
Community
Hoquiam
Net Operating Income
$145,179
Gross Adjusted Income
$215,912
Gross Scheduled Income
$227,120
Total Monthly Income
$18,680
Insurance Expenses
$6,129
Water/Sewer/Garbage Expenses
$27,740
Gross Rent Multiplier
7.6
Total Expenses
$70,732
Cap Rate
8.42
Vacancy Rate
5
Total Number of Units
18
Unit Name
702
Potential Terms
Cash, Conventional
Year Built
1965
Roof
Built-Up
Site Features
Deck
Other Expenses
28591
Energy Source
Electric
School District
Hoquiam
Total Monthly Income
$18,680
Gross Scheduled Income
$227,120
Vacancy Rate
5
Gross Adjusted Income
$215,912
Tax Year
2026
Insurance Expense
$6,129
W/S/G Expenses
$27,740
Total Expenses
$70,732
Net Operating Income
$145,179
Gross Rent Multiplier
7.6
Cap Rate
8.42
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.

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