Property Details
220 W 4th Street
Aberdeen, WA 98520
$650,000
Active
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Property Overview
Exceptional turn-key 8-units multifamily investment opportunity in a desirable Aberdeen location, offering an attractive 8.8% capitalization rate and immediate cash flow. The property is 100% occupied, with most units thoughtfully updated to enhance tenant appeal and minimize future maintenance. An on-site coin operated laundry facility provides an additional source of income, further strengthening the property's investment potential. Conveniently located near schools, shopping, and major transportation routes this well maintained asset offers investors a stable income producing property and an excellent opportunity to expand or strengthen real estate portfolio.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Grays Harbor
Neighborhood
Aberdeen
Listed
Jul 9, 2026
Structure Type
Multi Family
Parcel Number
029303600801
Tax & HOA
Annual Property Tax
$5,707 (2025)
Est. Monthly Tax
$476/mo
Financial Summary
Cap Rate
8.80%
Net Operating Income
$59,303
Gross Scheduled Income
$97,500
Gross Rent Multiplier
7.44
Total Expenses
$33,322
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
4,802
Leasable Area
4,802 sqft
Total Units
8
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
5,227 sqft
Year Built
1903
Exterior & Lot
Lot Size
0.12 sqft
Year Built
1903
Exterior Materials
Wood
Sewer
Sewer Connected
Lot Features
Paved, Sidewalk
Exterior Features
Wood
Community & Access
Directions
From Olympia drive W on US-12w into Aberdeen. Continue on E Wishkah St, turn right on South L St. Turn L from Hoquiam. Turn left onto Simpson Ave (US-101 S), toward Aberdeen. Turn left on W 4th St.
Location
City
Aberdeen
County
Grays Harbor
Coordinates
46.97740, -123.82462
Additional Information
Tax Year
2025
Annual Taxes
$5,707
Possession
Array
Based on information submitted to the MLS GRID as of July 29, 2026 2:21 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.
