Property Details
1111 W Market Street
Aberdeen, WA 98520
$1,190,000
Pending
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Property Overview
Turnkey 8-Unit Investment Opportunity – Fully Updated & Professionally ManagedThis beautifully maintained 8-unit multifamily property offers investors a rare opportunity to acquire a truly hands-off asset with strong in-place income and extensive capital improvements already completed. Designed for long-term performance and low maintenance ownership, this building reflects consistent pride of ownership and quality upgrades throughout.Many units have been thoughtfully updated with durable luxury vinyl plank (LVP) flooring, fresh interior paint, and new water heaters, providing modern appeal while minimizing future capital expenses. Most units feature upgraded wall-mounted electric heating systems, enhancing efficiency and tenant comfort.Ownership has taken a proactive approach to maintenance, completing improvements as needed using only high-quality materials and workmanship. Exterior upgrades include new iron railings for each unit’s patio, enhancing both safety and aesthetic appeal, along with a recently resurfaced parking lot featuring a new top coat and fresh striping, delivering excellent curb appeal and functionality.The property is professionally managed with rents already at or above current market levels, allowing a new owner to step into immediate, stabilized cash flow. Additional income streams include rentable storage closets and a coin-operated washer and dryer, further strengthening overall returns.This is a true turnkey investment
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Pending
County
Grays Harbor
Neighborhood
Aberdeen
Listed
Apr 29, 2026
Financial Summary
Net Operating Income
$85,802
Gross Scheduled Income
$145,720
Total Expenses
$31,689
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
5,808
Leasable Area
5,808 sqft
Total Units
6
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
13,068 sqft
Year Built
1978
Exterior & Lot
Lot Size
0.30 sqft
Year Built
1978
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Paved, Sidewalk
Exterior Features
Wood, Wood Products
Location
City
Aberdeen
County
Grays Harbor
Coordinates
46.96854, -123.83073
Additional Information
Tax Year
2025
Annual Taxes
$7,689
Possession
Array
Based on information submitted to the MLS GRID as of May 5, 2026 5:45 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.
