Property Details
702 L Street
Hoquiam, WA 98550
$1,725,000
Active
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Property Overview
Harbor House Apartments is a well-maintained 18-unit garden-style community built in 1965 in Hoquiam. Offering two-bed, one-bed and studio 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 $37,000 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
051804600101
Tax & HOA
Annual Property Tax
$8,272 (2026)
Est. Monthly Tax
$689/mo
Financial Summary
Cap Rate
7.76%
Net Operating Income
$132,297
Gross Scheduled Income
$212,540
Gross Rent Multiplier
8.12
Total Expenses
$69,762
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
16,848
Leasable Area
16,848 sqft
Total Units
18
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
20,038 sqft
Year Built
1965
Exterior & Lot
Lot Size
0.46 sqft
Year Built
1965
Exterior Materials
Wood
Sewer
Sewer Connected
Lot Features
Corner Lot, 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
46.97556, -123.88834
Additional Information
Tax Year
2026
Annual Taxes
$8,272
Possession
Array
Based on information submitted to the MLS GRID as of June 3, 2026 10:15 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.
