Two-Bedroom
For Sale
$320,000
1007 Macfarlane, Aberdeen, WA 98520
Residential duplex with a two-bedroom, one-bath configuration and established occupancy.
Property Size3,020 SF
Price / SF$105.96
Days on Market86
Property Features for 1007 Macfarlane
General Information
Standard status
Active
Size
3,020 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1976
Listing Agency:
PDG Services
Listed By:
Hal Palmer · License #3924
Source:
Nfrrealty
Added: Aug 2
Changed: Oct 26
Last Checked: Oct 24 at 6:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PDG Services
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Investment Insights
Based on property information with market context.
Built in 1976, this duplex offers a two-bedroom, one-bath residential configuration. The property is located at 1007 Macfarlane in Aberdeen, Washington, providing a defined multifamily asset within the local residential market.
Key Highlights
- Duplex property with a 2‑bedroom, 1‑bath configuration
- Built in 1976
- Located at 1007 Macfarlane, Aberdeen, WA 98520
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,569
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$551,380
$551.4K
Cap Rate 7%
$393,843
$393.8K
Cap Rate 9%
$306,322
$306.3K
Market Conditions
NOI Build-Up for 3,020 SF
Gross rent
$41.7K $13.80/SF
− Vacancy
−$2.3K −$0.76/SF
EGI
$39.4K $13.04/SF
− OpEx
−$11.8K −$3.91/SF
NOI
$27.6K $9.13/SF
Area
Grays Harbor County, WA
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$551,380
Cap Rate 7%
$393,843
Cap Rate 9%
$306,322
Alternative Uses
Best Use
Multifamily LT 5
$393.8K
$344.6K – $459.5K
NOI $27,569 @ 7.0% cap · market cap 8.62%
Second Best
Apartment 5plus
$365.2K
$319.5K – $426.1K
NOI $25,563 @ 7.0% cap · market cap 7.99%
Theoretical Best
Office A
$832.5K
$728.4K – $971.2K
NOI $58,274 @ 7.0% cap · market cap 18.21%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
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Business Placement
Demographics for 98520, WA
24,086
Population
9,333
Households
2.6
Avg Household Size
41
Median Age
14%
College-Educated
89%
High-School Grad
217.5 sq mi
ZIP Area
111
Density / Sq Mi
$59,744
Median Household Income
$34,591
Median Earnings
$1,034
Median Rent
$237,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Residential duplex with a two-bedroom, one-bath configuration and established occupancy.
Where is this duplex located?
The property is located at 1007 Macfarlane Aberdeen, WA.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Duplex property with a 2‑bedroom, 1‑bath configuration; Built in 1976; Located at 1007 Macfarlane, Aberdeen, WA 98520
