Property Details
517 Emerson Avenue
Hoquiam, WA 98550
$1,000,000
Active
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Property Overview
Turn-key 9-unit investment property in a convenient Hoquiam location, offering a 8.5% cap rate. Most units have been updated, one unit undergoing a refresh and will be rented soon. On-site coin-operated laundry adds additional revenue potential, Landlord storage spaces could potentially be converted to storage units or an additional 1 bedroom for extra income. Close to schools, services, and major routes for easy access. Two units, one 2 bedroom and 1 one bedroom could have floorplan changed to add a bedroom to each for increased cash flow.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Grays Harbor
Neighborhood
West Hoquiam
Listed
Mar 1, 2026
Original Price
$1,118,000
Structure Type
Multi Family
Parcel Number
053400701300
Tax & HOA
Annual Property Tax
$6,601 (2026)
Est. Monthly Tax
$550/mo
Financial Summary
Cap Rate
8.89%
Net Operating Income
$88,829
Gross Scheduled Income
$124,800
Gross Rent Multiplier
11.26
Total Expenses
$29,730
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
6,360
Leasable Area
6,360 sqft
Total Units
9
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
10,454 sqft
Year Built
1906
Exterior & Lot
Lot Size
0.24 sqft
Year Built
1906
Exterior Materials
Wood
Sewer
Sewer Connected
Lot Features
Paved, Sidewalk
Exterior Features
Wood
Community & Access
Directions
Heading towards Ocean Shores, property is on the right 517 and 525 Emerson Ave Hoquiam.
Location
City
Hoquiam
County
Grays Harbor
Coordinates
46.98125, -123.89086
Additional Information
Tax Year
2026
Annual Taxes
$6,601
Possession
Array
Based on information submitted to the MLS GRID as of June 9, 2026 7:45 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.
