Four-Unit Property with Separate
For Sale
$300,000
324 N F St, Aberdeen, WA 98520
Two buildings provide a mixed unit layout with outdoor features and detached garage space.
Property Size2,726 SF
Price / SF$110.05
Days on Market40
Property Features for 324 N F St
General Information
Standard status
Active
Size
2,726 SF
Property subtype
Multi-Family
Units
Unit Mix
3 x 2BR/1BA, 1 x studio
Multifamily Units
4
Building Details
Year Built
1912
Buildings
2
Listing Agency:
Spivey Realty Group, LLC
Listed By:
Kevin Spivey · License #27308
(360) 519-6886
Source:
Nfrrealty
Added: Aug 3
Changed: Sep 10
Last Checked: Sep 9 at 10:31PM
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 Spivey Realty Group, LLC
Investment Insights
Based on property information with market context.
This four-unit property includes a primary building with approximately 2,106 square feet and three residential units. The layout comprises two 2-bedroom, 1-bath units and one studio, along with a covered front porch and rear utility and laundry areas. A separate rear building adds a 2-bedroom, 1-bath home measuring approximately 620 square feet. The property also includes a detached garage of approximately 384 square feet.
Built in 1912, the property is located at 324 N F Street in Aberdeen, Washington. Exterior features include a deck, additional outbuildings, paved surfaces, and sidewalk access. The combined property size is 2,726 square feet, with the buildings offering multiple residential configurations across two structures.
Built in 1912, the property is located at 324 N F Street in Aberdeen, Washington. Exterior features include a deck, additional outbuildings, paved surfaces, and sidewalk access. The combined property size is 2,726 square feet, with the buildings offering multiple residential configurations across two structures.
Key Highlights
- Four residential units across two buildings
- Primary building contains approximately 2,106 sq ft and three units
- Unit mix includes two 2‑bed/1‑bath units and one studio
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,885
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$497,700
$497.7K
Cap Rate 7%
$355,500
$355.5K
Cap Rate 9%
$276,500
$276.5K
Market Conditions
NOI Build-Up for 2,726 SF
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.
Gross rent
$37.6K $13.80/SF
− Vacancy
−$2.1K −$0.76/SF
EGI
$35.5K $13.04/SF
− OpEx
−$10.7K −$3.91/SF
NOI
$24.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$497,700
Cap Rate 7%
$355,500
Cap Rate 9%
$276,500
Alternative Uses
Best Use
Multifamily LT 5
$355.5K
$311.1K – $414.8K
NOI $24,885 @ 7.0% cap · market cap 8.30%
Second Best
Apartment 5plus
$329.6K
$288.4K – $384.6K
NOI $23,074 @ 7.0% cap · market cap 7.69%
Theoretical Best
Office A
$751.4K
$657.5K – $876.7K
NOI $52,601 @ 7.0% cap · market cap 17.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
959
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Two buildings provide a mixed unit layout with outdoor features and detached garage space.
Where is this quadplex located?
The property is located at 324 N F St Aberdeen, WA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Four residential units across two buildings; Primary building contains approximately 2,106 sq ft and three units; Unit mix includes two 2‑bed/1‑bath units and one studio
