Property Details
508 Emerson Avenue
Hoquiam, WA 98550
$385,000
Active
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Property Overview
Remodeled Tri-plex on Emerson Ave in Hoquiam. Two of the units have 2 bedrooms and 1 bath. The third unit has 3 bedrooms and 1 bath. Many improvements: New siding & paint 2020-2022. New skirting 2019. New porch coverings 2020. Updated vinyl double pane windows. Most of the plumbing & wiring upgraded between 2015 – 2017. New bathroom tub/shower & paint unit #1. Fresh paint, flooring & new stove unit #3. New refrigerator unit #2. Insulated. Hardwired smoke alarms. Co-op laundry. A yard area in back for playground. Partially fenced. Only short vacancy in 1 unit, seller did upgrades during that time. 1 parking spot with street parking as well.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Grays Harbor
Neighborhood
West Hoquiam
Listed
Feb 19, 2026
Original Price
$405,000
Financial Summary
Cap Rate
6.00%
Net Operating Income
$27,288
Gross Scheduled Income
$41,160
Gross Rent Multiplier
10.90
Total Expenses
$13,872
Vacancy Rate
1.0%
Building & Use
Building Sq Ft
2,976
Leasable Area
3,476 sqft
Total Units
3
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
6,970 sqft
Year Built
1896
Exterior & Lot
Lot Size
0.16 sqft
Year Built
1896
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Curbs, Paved, Sidewalk
Exterior Features
Wood
Location
City
Hoquiam
County
Grays Harbor
Coordinates
46.98079, -123.89135
Additional Information
Tax Year
2025
Annual Taxes
$2,400
Possession
Array
Based on information submitted to the MLS GRID as of April 30, 2026 6:30 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.
