Property Details
215 E 1st Street
Aberdeen, WA 98520
$1,150,000
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Property Overview
Hard to find 12-unit apartment building featuring a strong mix of 2 studio units and 10 one-bedroom units. This well maintained property has had recent updated, offering improved condition, modern appeal, and reduced immediate capital needs.It’s producing strong in-place rental numbers, with the rents hitting the 1% rule makes this a solid cash flow type deal for investors looking for performance right away.The seller is also currently offloading 521 W 3rd Street and 107 W 4th Street in Aberdeen, so there’s potential to look at all 3 properties together for a deal or package opportunity.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Grays Harbor
Neighborhood
Aberdeen
Listed
Apr 17, 2026
Financial Summary
Cap Rate
8.70%
Net Operating Income
$95,949
Gross Scheduled Income
$134,700
Gross Rent Multiplier
8.10
Total Expenses
$32,016
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
9,240
Leasable Area
9,240 sqft
Total Units
12
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
7,841 sqft
Year Built
1924
Exterior & Lot
Lot Size
0.18 sqft
Year Built
1924
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Paved, Sidewalk
Exterior Features
Wood
Location
City
Aberdeen
County
Grays Harbor
Coordinates
46.97658, -123.81763
Additional Information
Tax Year
2026
Annual Taxes
$7,464
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 5:11 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.
