Property Details
414 ONTARIO Street
Hoquiam, WA 98550
$1,350,000
Active
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Property Overview
BACK ON MARKET DUE TO BUYERS COLD FEET. CASH FLOW FROM THE GET GO! 8.5% CAP RATE! Perfect investment or 1031 exchange property. Fully rented 10 plex features 6 two bedroom units and four one bedroom apartments. Recent electrical updates include new panels in all units. Newer exterior paint and roof too! Interior features include new carpet, vinyl and laminate hardwood flooring. Some bath and kitchen upgrades that include vanities, facets, flooring, commodes, etc…Coin operated laundry helps generate additional income. Tenants pay all utility bills. The 2 bedroom units are 900 SF and the 1 bedrooms are 850. Both feature spacious bedrooms and large living areas plus kitchens with eating space. Upstairs units have cute deck area too! Some units have access to 6 X 5 storage units located on backside of complex. Centrally located in downtown Hoquiam next to the YMCA and it's right on the bus line and close to any needed services.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Grays Harbor
Neighborhood
Hoquiam
Listed
Jan 20, 2026
Structure Type
Multi Family
Parcel Number
055204600500
Tax & HOA
Annual Property Tax
$8,821 (2025)
Est. Monthly Tax
$735/mo
Financial Summary
Cap Rate
8.50%
Net Operating Income
$114,852
Gross Scheduled Income
$154,196
Gross Rent Multiplier
8.75
Total Expenses
$39,344
Building & Use
Building Sq Ft
8,840
Leasable Area
8,840 sqft
Total Units
10
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
14,810 sqft
Year Built
1977
Exterior & Lot
Lot Size
0.34 sqft
Year Built
1977
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Corner Lot, Curbs, Paved, Sidewalk
Exterior Features
Wood, Wood Products
Community & Access
Directions
GPS AND WAZE ARE ACCURATE
Location
City
Hoquiam
County
Grays Harbor
Coordinates
46.97461, -123.86577
Additional Information
Tax Year
2025
Annual Taxes
$8,821
Possession
Array
Based on information submitted to the MLS GRID as of June 1, 2026 10:37 AM. 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.
