Property Details
97 S Elderberry Avenue
Forks, WA 98331
$1,250,000
Active
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Property Overview
Investment opportunity of a lifetime! This property alone is sufficient to be a generational wealth type portfolio. One of the nicest multi-unit properties in the area, a very well kept 10-unit apartment building in a great location. Tucked away in a private spot, accessed by a dead-end driveway, with a paved parking lot and a low maintenance yard. Highly desirable location for renters, only moments away from the school, local gym and City Hall with the Police Department, and also adjacent to storage units. Property can easily be taken over by new ownership – the building is very well kept and can seamlessly continue producing income without any major pressing costs. Solid rental history and consistent tenant demand make this a very stable investment. The property is connected to highly desirable City water and sewer, has a nice outbuilding and a coin-operated laundry room. Paved walkways, fenced back yard, landscaped courtyard – this place is as nice as it gets and there won't be another one just like it.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Clallam
Neighborhood
Forks
Listed
Mar 10, 2026
Financial Summary
Cap Rate
3.44%
Net Operating Income
$42,940
Gross Scheduled Income
$74,640
Gross Rent Multiplier
16.75
Total Expenses
$27,968
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
7,126
Leasable Area
7,126 sqft
Total Units
10
Lot Size
17,437 sqft
Year Built
1976
Exterior & Lot
Lot Size
0.40 sqft
Year Built
1976
Exterior Materials
Cement
Sewer
Sewer Connected
Water Source
Public
Lot Features
Paved, Sidewalk
Exterior Features
Cement/Concrete
Location
City
Forks
County
Clallam
Coordinates
47.94992, -124.38035
Additional Information
Tax Year
2026
Annual Taxes
$4,109
Possession
Array
Based on information submitted to the MLS GRID as of April 28, 2026 11:15 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.