Turnkey Aberdeen multifamily investment with immediate cash flow and additional upside! This fully occupied 7-unit property features six 1 bed/1 bath units and one 2 bed unit, generating approximately $6,920/month in gross rental income with an estimated 6.71% cap rate. Units 5 and 6 offer potential conversion to 2-bedroom layouts, plus a potential 8th one-bedroom unit is already framed in the basement for future completion. Significant improvements include a new roof in 2021, updates throughout the units, new commercial water heater and sewer line in 2023, extensive building and deck reinforcement, exterior paint in 2025, approximately $30k in plumbing repairs/replacements, and mostly updated electrical. Great opportunity for rent increases with upgrades throughout. Fully rented and turn-key with substantial improvements already completed. A unique opportunity to acquire a stabilized multifamily asset with strong existing income and additional value-add potential!
| MLS # | 2578576 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1909 |
| Days On Site | 12 |
| Listing Provided By | Spivey Realty Group, LLC | Kevin Spivey |
| SQ Feet | 8,056 |
|---|---|
| Car Port | Yes |
| Story(s) | 3 |
| Units | 7 |
| Acreage | 0.15 |
| Property | 6367 |
|---|
| State | WA |
|---|---|
| County | Grays Harbor |
| City | Aberdeen |
| Zip Code | 98520 |
| Area | 198 Aberdeen |
| Community Name | Aberdeen |
| Listing VS Median (in Aberdeen) | |
Price: $799,900 low | high Med: $300,000 sqft: 8,056 low | high Med: 2,085 $ / sqft: $99 low | high Med: $159 On site: 12 low | high Med: 213 | |
| State | WA |
|---|---|
| County | Grays Harbor |
| City | Aberdeen |
| Zip Code | 98520 |
| Area | 198 Aberdeen |
| Community Name | Aberdeen |
| Listing VS Median (in Aberdeen) | |
Price: $799,900 low | high Med: $300,000 sqft: 8,056 low | high Med: 2,085 $ / sqft: $99 low | high Med: $159 On site: 12 low | high Med: 213 | |
![]() | $1,250,000301 W 3rd StreetAberdeen, WA 98520 |
![]() | $1,120,000215 E 1st StreetAberdeen, WA 98520 |