Property Details
1913 Coolidge Road
Aberdeen, WA 98520
$3,000,000
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Property Overview
Norseman Apartments is a well maintained 32-unit garden-style community built in 1979 at 1913 Coolidge Road in South Aberdeen, offering all two-bedroom, one-bath homes of approximately 840 square feet. he property has received $654,470 in recent capital improvements, including roof replacements, siding replacements, foundation and framing repairs, and double-pane window replacements, along with various unit interior renovations. Every residence includes in-unit washer and dryer hookups, and with additional renovations there is a straightforward path to higher achievable rents while supporting stable occupancy.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Grays Harbor
Neighborhood
South Aberdeen
Listed
Oct 21, 2025
Original Price
$4,200,000
Structure Type
Multi Family
Parcel Number
014601101101
Tax & HOA
Annual Property Tax
$22,745 (2026)
Est. Monthly Tax
$1,895/mo
Financial Summary
Cap Rate
6.91%
Net Operating Income
$207,213
Gross Scheduled Income
$389,470
Gross Rent Multiplier
7.74
Total Expenses
$158,990
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
26,880
Leasable Area
26,880 sqft
Total Units
32
Lot Size
1.21 acres
Year Built
1979
Exterior & Lot
Lot Size
1.21 sqft
Year Built
1979
Exterior Materials
Wood
Sewer
Sewer Connected
Lot Features
Paved
Exterior Features
Wood
Community & Access
Directions
Take US-101 S to Aberdeen. Continue on US-12 W. Take the Scott St exit in Aberdeen. Continue on WA-105 S/ N Boone St. Right on Coolidge Rd. Site on left.
Location
City
Aberdeen
County
Grays Harbor
Coordinates
46.95333, -123.81267
Additional Information
Tax Year
2026
Annual Taxes
$22,745
Possession
Array
