Property Details

1111 Chenault Avenue
Hoquiam, WA 98550
$385,000
MLS# 2549695 courtesy of NWMLS Listing firm: Premier Realty Grays Harbor

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1111 Chenault Avenue , Hoquiam, WA 98550, Hoquiam

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1111 Chenault Avenue , Hoquiam, WA 98550, Hoquiam

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Multi-Family
Property Type
2,892
Bldg Sq Ft
3
Units
8.68%
Cap Rate
1936
Year Built

Property Overview

Turnkey investment opportunity with owner-occupancy potential! Live in one unit while generating rental income from the others, or add a strong income-producing property to your portfolio. This well-maintained triplex features two units in the front building and a separate rear unit with its own private entrance, garage space, and alley access. Unit 1 offers 2 bedrooms and 1 bath on the main level. Unit 2 features 1 bedroom, 2 baths, and a dedicated office upstairs, making it an excellent owner-occupied option. Unit 3 includes 2 bedrooms, 1 bath, private entry, garage space, and added privacy. Each unit has its own laundry facilities for added tenant convenience. Recent updates include fresh interior paint and new flooring. A spacious side yard, driveway, and off-street parking enhance the property's appeal. The upstairs unit is expected to be fully leased by the end of July, offering flexibility for buyers who wish to occupy it before leasing or simply acquire a fully rented asset. Whether you're expanding your investment portfolio or purchasing your first multifamily property, this Hoquiam triplex offers flexible living arrangements, solid rental potential, and an excellent opportunity to build long-term wealth.

Property Details

Property Information

Property Type Residential Income
Subtype Multi Family
Status Active
County Grays Harbor
Neighborhood Hoquiam
Listed Jul 4, 2026
Original Price $390,000
Structure Type Triplex
Parcel Number 054402601500

Tax & HOA

Annual Property Tax $2,153 (2026)
Est. Monthly Tax $179/mo

Financial Summary

Cap Rate 8.68%
Net Operating Income $33,882
Gross Scheduled Income $49,080
Gross Rent Multiplier 7.94
Total Expenses $6,133
Vacancy Rate 33.0%

Building & Use

Building Sq Ft 2,892
Leasable Area 3,000 sqft
Total Units 3
Zoning Residential
Possible Use Residential
Lot Size 9,919 sqft
Year Built 1936

Exterior & Lot

Lot Size 0.23 sqft
Year Built 1936
Garage 1 spaces
Exterior Materials See Remarks, Wood
Sewer Sewer Connected
Water Source Public
Lot Features Alley, Curbs, Paved, Sidewalk
Exterior Features See Remarks, Wood

Community & Access

Directions Use GPS

Location

City Hoquiam
County Grays Harbor
Coordinates 46.98389, -123.88202

Additional Information

Tax Year 2026
Annual Taxes $2,153
Possession Array
Listed By
Keren Spangler
Premier Realty Grays Harbor

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