1020 J Street, Hoquiam, WA 98550
- $485,000
- 6,971
- SqFt
Listing courtesy of Keller Williams Rlty Bellevue.
- List Price
- $485,000
- Status
- ACTIVE
- MLS#
- 2538113
- Days on Market
- 40
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Finished SqFt
- 6,971
- Area Total SqFt
- 6971
- Annual Tax Ammount
- 3012
- Lot Size (sq ft)
- 6,098
- Sewer
- Sewer Connected
Property Description
Aggressively priced 7-unit apartment building with a strong rental history and clear value-add upside. The property features four 2-bedroom units and three 1-bedroom units, offering a desirable mix of living spaces for tenants. Rents are currently below market, creating a strong opportunity for future rental increases and improved cash flow.The building also includes a garage that can be used as a shop, tenant storage, or additional income-producing space. Conveniently located near public transportation, shopping, and everyday amenities, this property offers both stability and upside potential for investors looking to maximize returns.
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Additional Information
- List Date
- 2026-06-18 16:26:13
- Community
- Hoquiam
- Net Operating Income
- $43,446
- Gross Adjusted Income
- $75,900
- Gross Scheduled Income
- $75,900
- Total Monthly Income
- $75,900
- Insurance Expenses
- $3,458
- Water/Sewer/Garbage Expenses
- $14,984
- Gross Rent Multiplier
- 6.39
- Total Expenses
- $32,454
- Cap Rate
- 9
- Total Number of Units
- 7
- Unit Name
- 1020
- Potential Terms
- Cash, Conventional
- Year Built
- 1929
- View
- Territorial
- Roof
- Flat
- Site Features
- Cable TV
- Other Expenses
- 11000
- Energy Source
- Electric
- School District
- Hoquiam
- Elementary School
- Buyer To Verify
- Middle School
- Hoquiam Mid
- High School
- Hoquiam High
- Total Monthly Income
- $75,900
- Gross Scheduled Income
- $75,900
- Gross Adjusted Income
- $75,900
- Tax Year
- 2025
- Insurance Expense
- $3,458
- W/S/G Expenses
- $14,984
- Total Expenses
- $32,454
- Net Operating Income
- $43,446
- Gross Rent Multiplier
- 6.39
- Cap Rate
- 9
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.