Property Details
1020 J Street
Hoquiam, WA 98550
$485,000
Active
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Property Overview
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.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Grays Harbor
Neighborhood
Hoquiam
Listed
Jun 18, 2026
Structure Type
Multi Family
Parcel Number
051806401400
Tax & HOA
Annual Property Tax
$3,012 (2025)
Est. Monthly Tax
$251/mo
Financial Summary
Cap Rate
9.00%
Net Operating Income
$43,446
Gross Scheduled Income
$75,900
Gross Rent Multiplier
6.39
Total Expenses
$32,454
Building & Use
Building Sq Ft
6,971
Leasable Area
6,555 sqft
Total Units
7
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
6,098 sqft
Year Built
1929
Exterior & Lot
Lot Size
0.14 sqft
Year Built
1929
Garage
1 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Corner Lot, Curbs, Paved, Sidewalk
Exterior Features
Wood
Community & Access
Directions
From downtown Hoquiam on Simpson Avenue turn Right on 10th at bottom of Bridge to Left on J Street building on the Right.
Location
City
Hoquiam
County
Grays Harbor
Coordinates
46.97445, -123.88202
Additional Information
Tax Year
2025
Annual Taxes
$3,012
Possession
Array
Based on information submitted to the MLS GRID as of July 29, 2026 2:21 PM. 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, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
