Updated Triplex with Private
For Sale
$397,500
109 N Washington Street, Aberdeen, WA 98520
Three-unit residential property with flexible living arrangements, unit-specific outdoor space, and recent electrical improvements.
Property Size1,764 SF
Days on Market23
Property Features for 109 N Washington Street
General Information
Standard status
Active
Size
1,764 SF
Property subtype
Residential Income
Amenities
Deck
Dog Run
RV Parking
Building Details
Building Size
1,764 SF
Year Built
1900
Tenancy
Multi
Listing Agency:
Windermere RE/Himlie
(360) 426-2646
Listed By:
Krisy Henry
(360) 426-2646
Source:
Multifamilyspecialist
Added: Jul 15
Changed: Jul 31
Last Checked: Aug 5 at 2:21PM
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 Windermere RE/Himlie
Investment Insights
Based on property information with market context.
This updated triplex includes two spacious 2-bedroom, 1-bath units and one 1-bedroom, 1-bath loft-style unit. Each unit has a private deck, while two units feature newer flooring. Updated electrical systems with brand-new panels add to the completed improvements. The property was built in 1900 and includes a dog run and RV parking.
Located in Aberdeen near shopping, dining, parks, and schools, the property is situated outside the flood zone. Its three-unit configuration supports multi-family living or rental use, with the option to occupy one unit while renting the others.
Located in Aberdeen near shopping, dining, parks, and schools, the property is situated outside the flood zone. Its three-unit configuration supports multi-family living or rental use, with the option to occupy one unit while renting the others.
Key Highlights
- Two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath loft‑style unit
- Private deck for each unit
- Updated electrical systems with brand‑new panels
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.3k | $13.80 |
| − Vacancy | −$1.3k | −$0.76 |
| EGI | $23.0k | $13.04 |
| − OpEx | −$6.9k | −$3.91 |
| NOI | $16.1k | $9.13 |
1,764 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$230.0K
$201.3K – $268.4K
NOI $16,103 @ 7.0% cap · market cap 4.05%
Second Best
Apartment 5plus
$213.3K
$186.6K – $248.9K
NOI $14,931 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$486.3K
$425.5K – $567.3K
NOI $34,038 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
804
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with flexible living arrangements, unit-specific outdoor space, and recent electrical improvements.
Where is this triplex located?
The property is located at 109 N Washington Street Aberdeen, WA.
What is the asking price?
The asking price for this property is $397,500.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath loft‑style unit; Private deck for each unit; Updated electrical systems with brand‑new panels
