Property Details
711 N
Hoquiam, WA 98550
$560,000
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Property Overview
This is a 1910 Lumber Baron's home, cape cod/craftsman converted to a 7 Unit Apartment offering a variety of living spaces. 2 one BDR units and 3 studio units on 1st floor and 2 1 BDR units on second floor. Has a strong rental history and is 100% rented. Common area partially fenced lawn with firepit. Includes a storage room currently used for property management storage. Has an onsite shared coin operated laundry room. Rents are currently below market value. This is an attractive investment for those looking to maximize their returns. Quiet street peekaboo view of the water. DO NOT DISTURB TENANTS.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Grays Harbor
Neighborhood
Hoquiam
Listed
Mar 24, 2026
Financial Summary
Cap Rate
5.40%
Net Operating Income
$30,044
Gross Scheduled Income
$61,260
Gross Rent Multiplier
9.14
Total Expenses
$31,216
Building & Use
Building Sq Ft
6,021
Leasable Area
4,215 sqft
Total Units
7
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
18,731 sqft
Year Built
1910
Exterior & Lot
Lot Size
0.43 sqft
Year Built
1910
Exterior Materials
Wood
Sewer
Sewer Connected
Lot Features
Paved
Exterior Features
Wood Products
Location
City
Hoquiam
County
Grays Harbor
Coordinates
46.97432, -123.88973
Additional Information
Tax Year
1925
Annual Taxes
$4,324
Possession
Array
Based on information submitted to the MLS GRID as of April 27, 2026 6:15 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.
