11-Unit Apartment
For Sale
$999,500
201 F, Aberdeen, WA 98520
Fully occupied property with updated building systems, on-site laundry, and off-street parking.
Property Size7,442 SF
Price / SF$134.31
Days on Market35
Property Features for 201 F
General Information
Standard status
Active
Size
7,442 SF
Property subtype
Multi-family
Occupancy
100%
Financials
Cap Rate
9.09%
Gross Income
$123,684
Units
Unit Mix
1 x 1BR/1BA, 10 x studio
Multifamily Units
11
Amenities
coin-operated laundry room
off-street parking
oversized walk-in closets
Building Details
Year Built
1925
Listing Agency:
Spivey Realty Group,LLC
Listed By:
Kevin Spivey
(253) 604-6000
Source:
Skylineproperties
Added: Jul 3
Changed: Aug 4
Last Checked: Aug 5 at 5:38AM
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.
Built in 1925, this 11-unit apartment property contains approximately 7,442 square feet and is arranged as one one-bedroom, one-bath unit alongside ten studio apartments. Many units include oversized walk-in closets. The building has undergone improvements to electrical, plumbing, flooring, and water heaters, with regular professional cleaning and ongoing maintenance. A coin-operated laundry room serves residents, and off-street parking is available.
The property occupies a corner lot near downtown in Aberdeen. It is professionally managed and fully occupied, with a reported 9.09% cap rate. The unfinished attic and existing laundry area have been identified as spaces that could support two additional units through reconfiguration and completion of the attic area.
The property occupies a corner lot near downtown in Aberdeen. It is professionally managed and fully occupied, with a reported 9.09% cap rate. The unfinished attic and existing laundry area have been identified as spaces that could support two additional units through reconfiguration and completion of the attic area.
Key Highlights
- 11 units totaling approximately 7,442 square feet
- Unit mix includes 1 one‑bedroom/one‑bath unit and 10 studio units
- Fully occupied and professionally managed
Financial Insights For Apartment 5plus
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 | $120.6k | $16.20 |
| − Vacancy | −$6.0k | −$0.81 |
| EGI | $114.5k | $15.39 |
| − OpEx | −$51.5k | −$6.93 |
| NOI | $63.0k | $8.46 |
7,442 SF · lease $16.20/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$899.9K
$787.4K – $1.05M
NOI $62,993 @ 7.0% cap · market cap 6.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.05M
$1.80M – $2.39M
NOI $143,601 @ 7.0% cap · market cap 14.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
11
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,097
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?
Apartment building - Fully occupied property with updated building systems, on-site laundry, and off-street parking.
Where is this apartment building located?
The property is located at 201 F Aberdeen, WA.
What is the asking price?
The asking price for this property is $999,500.
What are key features of this property?
This property features: 11 units totaling approximately 7,442 square feet; Unit mix includes 1 one‑bedroom/one‑bath unit and 10 studio units; Fully occupied and professionally managed
