Duplex with Established
2739 Pacific Ave, Hoquiam, WA 98550
For Sale
$220,000
Two separate two-bedroom, one-bath units provide an occupied residential income property.
Property Size1,960 SF
Price / SF$112.24
Days on Market93
Property Features for 2739 Pacific Ave
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Listing Agency:
Windermere RE/Aberdeen
Listed By:
Desiree Lindgren · License WA #22006779
(360) 533-6464
Source:
Nfrrealty
Added: Aug 10
Changed: Oct 25
Last Checked: Oct 7 at 4:11PM
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/Aberdeen
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Investment Insights
Based on property information with market context.
This Hoquiam duplex contains two residential units, each configured with two bedrooms and one bathroom. Unit A measures 1,096 square feet, while Unit B contains 864 square feet. Both units are occupied by tenants with established rental histories, supporting continued residential income use.
Located at 2739 Pacific Ave, the property offers an existing multifamily configuration for an owner seeking a two-unit asset. The building requires some updating, creating a clear path for future improvements while maintaining its current rental function.
Located at 2739 Pacific Ave, the property offers an existing multifamily configuration for an owner seeking a two-unit asset. The building requires some updating, creating a clear path for future improvements while maintaining its current rental function.
Key Highlights
- Two‑unit duplex with one 2‑bedroom, 1‑bath residence in each unit
- Unit A measures 1,096 sq ft; Unit B provides 864 sq ft
- Both units have long‑term tenants in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,892
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,840
$357.8K
Cap Rate 7%
$255,600
$255.6K
Cap Rate 9%
$198,800
$198.8K
Market Conditions
NOI Build-Up for 1,960 SF
Gross rent
$27.0K $13.80/SF
− Vacancy
−$1.5K −$0.76/SF
EGI
$25.6K $13.04/SF
− OpEx
−$7.7K −$3.91/SF
NOI
$17.9K $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 Rate 5%
$357,840
Cap Rate 7%
$255,600
Cap Rate 9%
$198,800
Alternative Uses
Best Use
Multifamily LT 5
$255.6K
$223.7K – $298.2K
NOI $17,892 @ 7.0% cap · market cap 8.13%
Second Best
Apartment 5plus
$237.0K
$207.4K – $276.5K
NOI $16,590 @ 7.0% cap · market cap 7.54%
Theoretical Best
Office A
$540.3K
$472.8K – $630.3K
NOI $37,820 @ 7.0% cap · market cap 17.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate two-bedroom, one-bath units provide an occupied residential income property.
Where is this duplex located?
The property is located at 2739 Pacific Ave Hoquiam, WA.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Two‑unit duplex with one 2‑bedroom, 1‑bath residence in each unit; Unit A measures 1,096 sq ft; Unit B provides 864 sq ft; Both units have long‑term tenants in place
