Property Details
900 906 W Heron Street
Aberdeen, WA 98520
$1,050,000
Pending
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Property Overview
Presenting a rare opportunity to acquire TWO fully occupied 4-plexes, generating a robust $123,513 in NOI, set on a large corner lot in the heart of Aberdeen. This well performing transitional housing property includes 8 units, each offering 2 beds & 1 bath, ideal for consistent rental income. With a mix of 2 upper & 2 lower units per building, the layout appeals to a diverse tenant base and is well-suited for its current use as transitional housing or a future conversion into market-rate rentals. With Aberdeen's strong rental market and ongoing growth, this investment provides the potential for reliable cash flow and long-term appreciation. Don't miss out on this exceptional opportunity to invest in a thriving community with solid returns.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Pending
County
Grays Harbor
Neighborhood
Aberdeen
Listed
Mar 6, 2025
Financial Summary
Cap Rate
12.00%
Net Operating Income
$123,513
Gross Scheduled Income
$173,617
Gross Rent Multiplier
9.40
Total Expenses
$50,100
Building & Use
Building Sq Ft
6,822
Leasable Area
6,822 sqft
Total Units
8
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
12,998 sqft
Year Built
1978
Exterior & Lot
Lot Size
0.30 sqft
Year Built
1978
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Alley, Corner Lot, Curbs, Paved, Sidewalk
Exterior Features
Wood, Wood Products
Location
City
Aberdeen
County
Grays Harbor
Coordinates
46.96872, -123.82693
Additional Information
Tax Year
2024
Annual Taxes
$5,292
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 5:11 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.
