Property Details
1111 Chenault Avenue
Hoquiam, WA 98550
$385,000
Active
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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
