Property Details
1320 3rd Street
Cosmopolis, WA 98537
$639,900
Active
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Property Overview
Investor opportunity! Fully rented 9-unit multifamily property featuring 5 one-bedroom units and 4 studio units, plus 4 garage spaces, storage units, and on-site coin-op laundry for additional income potential. Current occupancy provides immediate rental income, with room to increase cash flow through strategic updates and future rent growth. Financials available to well-qualified buyers. Showings to be scheduled after accepted offer only. Please do not disturb residents.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Grays Harbor
Neighborhood
Cosmopolis
Listed
Jun 25, 2026
Original Price
$649,900
Structure Type
Multi Family
Parcel Number
031004800300
Tax & HOA
Annual Property Tax
$5,517 (2025)
Est. Monthly Tax
$460/mo
Financial Summary
Cap Rate
10.00%
Net Operating Income
$67,707
Gross Scheduled Income
$108,708
Gross Rent Multiplier
5.90
Total Expenses
$28,130
Vacancy Rate
10.0%
Building & Use
Leasable Area
7,200 sqft
Total Units
9
Zoning
Multi-Family
Possible Use
Multi-Family
Year Built
1919
Exterior & Lot
Lot Size
0.26 sqft
Year Built
1919
Garage
4 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Paved, Sidewalk
Exterior Features
Wood, Wood Products
Community & Access
Directions
From 1st St, turn R on D St, R on 3rd St. Building on R side of street
Location
City
Cosmopolis
County
Grays Harbor
Coordinates
46.95358, -123.77217
Additional Information
Tax Year
2025
Annual Taxes
$5,517
Possession
Array
Based on information submitted to the MLS GRID as of July 20, 2026 11:15 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.
