Updated Triplex with Private Rear
For Sale
$385,000
1111 Chenault Ave, Hoquiam, WA 98550
Three-unit layout includes separate entrances, individual laundry, and off-street parking.
Property Size3,000 SF
Price / SF$128.33
Days on Market68
Property Features for 1111 Chenault Ave
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Multi-Family
Building Details
Year Built
1936
Listing Agency:
Premier Realty Grays Harbor
Listed By:
Keren Spangler · License #140370
(360) 533-1900
Source:
Chehalisvalleyrealty
Added: Aug 8
Changed: Oct 13
Last Checked: Oct 7 at 2:14PM
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 Premier Realty Grays Harbor
Investment Insights
Based on property information with market context.
This Hoquiam triplex contains 3,000 square feet across three residential units. The front building houses two apartments, while a separate rear unit provides its own entrance, garage space, and alley access. Unit 1 has 2 bedrooms and 1 bath on the main level. Unit 2 offers 1 bedroom, 2 baths, and a dedicated upstairs office. The third unit includes 2 bedrooms and 1 bath, along with private entry and garage space.
Each unit has separate laundry facilities. Recent property work includes fresh interior paint and new flooring. Additional site features include a side yard, driveway, and off-street parking. Built in 1936, the property offers a varied unit configuration with distinct access points and flexible occupancy arrangements.
Each unit has separate laundry facilities. Recent property work includes fresh interior paint and new flooring. Additional site features include a side yard, driveway, and off-street parking. Built in 1936, the property offers a varied unit configuration with distinct access points and flexible occupancy arrangements.
Key Highlights
- 3,000‑square‑foot triplex with three residential units
- Unit mix includes two 2‑bedroom, 1‑bath units and one 1‑bedroom, 2‑bath unit
- Separate rear unit offers private entry, garage space, and alley access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,386
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,720
$547.7K
Cap Rate 7%
$391,229
$391.2K
Cap Rate 9%
$304,289
$304.3K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$41.4K $13.80/SF
− Vacancy
−$2.3K −$0.76/SF
EGI
$39.1K $13.04/SF
− OpEx
−$11.7K −$3.91/SF
NOI
$27.4K $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%
$547,720
Cap Rate 7%
$391,229
Cap Rate 9%
$304,289
Alternative Uses
Best Use
Multifamily LT 5
$391.2K
$342.3K – $456.4K
NOI $27,386 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$362.8K
$317.4K – $423.2K
NOI $25,394 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$827.0K
$723.6K – $964.8K
NOI $57,888 @ 7.0% cap · market cap 15.04%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
395
Businesses Nearby
Explore this area
Business Placement
Demographics for 98550, WA
11,502
Population
5,373
Households
2.1
Avg Household Size
43
Median Age
19%
College-Educated
92%
High-School Grad
266.0 sq mi
ZIP Area
43
Density / Sq Mi
$56,920
Median Household Income
$36,185
Median Earnings
$1,003
Median Rent
$212,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit layout includes separate entrances, individual laundry, and off-street parking.
Where is this triplex located?
The property is located at 1111 Chenault Ave Hoquiam, WA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 3,000‑square‑foot triplex with three residential units; Unit mix includes two 2‑bedroom, 1‑bath units and one 1‑bedroom, 2‑bath unit; Separate rear unit offers private entry, garage space, and alley access
