Property Details

621 7th Street
Hoquiam, WA 98550
$3,500,000
MLS# 2524374 courtesy of NWMLS Listing firm: Westlake Associates, Inc.

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621 7th Street , Hoquiam, WA 98550, Hoquiam

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621 7th Street , Hoquiam, WA 98550, Hoquiam

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Multi-Family
Property Type
33,600
Bldg Sq Ft
40
Units
7.06%
Cap Rate
1975
Year Built

Property Overview

Sunnyside Sands Apartments is a well-maintained 40-unit garden-style community built in 1965 in Hoquiam. Offering two-bed and one-bed unit floor plans, Residents have quick access to US-12, major employers in Hoquiam and Aberdeen, creating a practical neighborhood setting. The property has received over $173,000 in recent capital improvements.

Property Details

Property Information

Property Type Residential Income
Subtype Multi Family
Status Active
County Grays Harbor
Neighborhood Hoquiam
Listed May 15, 2026
Structure Type Multi Family
Parcel Number 051804600400

Tax & HOA

Annual Property Tax $25,165 (2026)
Est. Monthly Tax $2,097/mo

Financial Summary

Cap Rate 7.06%
Net Operating Income $246,928
Gross Scheduled Income $488,510
Gross Rent Multiplier 7.28
Total Expenses $217,532
Vacancy Rate 5.0%

Building & Use

Building Sq Ft 33,600
Leasable Area 33,600 sqft
Total Units 40
Zoning Multi-Family
Possible Use Multi-Family
Lot Size 1.29 acres
Year Built 1975

Exterior & Lot

Lot Size 1.29 sqft
Year Built 1975
Exterior Materials Wood
Sewer Sewer Connected
Lot Features Curbs, Paved, Sidewalk
Exterior Features Wood

Community & Access

Directions From Hwy 101, take exit toward Hoquiam/Aberdeen and continue onto Simpson Ave. Proceed into downtown Hoquiam, turn right onto 7th St. Continue north and turn left onto L St. Site will be on the left.

Location

City Hoquiam
County Grays Harbor
Coordinates 46.97521, -123.88841

Additional Information

Tax Year 2026
Annual Taxes $25,165
Possession Array
Listed By
Reid Jones
Westlake Associates, Inc.

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