Three-Unit Triplex with Mixed
For Sale
$299,000
316 N F, Aberdeen, WA 98520
Residential income property with two- and three-bedroom units plus a one-bedroom unit.
Property Size2,922 SF
Price / SF$102.33
Days on Market87
Property Features for 316 N F
General Information
Standard status
Active
Size
2,922 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/2BA, 1 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units
3
Additional Details
Cap Rate
10.3%
Building Details
Year Built
1906
Buildings
1
Listing Agency:
Windermere RE/Aberdeen
Listed By:
Mike O'Connor · License #34418
(360) 533-6464
Source:
Lincolnpnwteam
Added: Jul 20
Changed: Oct 3
Last Checked: Oct 7 at 1:05PM
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
Investment Insights
Based on property information with market context.
This three-unit residential property in Aberdeen, Washington, contains 2,922 square feet and was built in 1906. The unit mix includes a two-bedroom, two-bathroom residence on the lower level; a three-bedroom, two-bathroom unit upstairs; and a rear lower-level one-bedroom, one-bathroom unit. One residence is move-in ready, while the property also includes long-term tenants.
The property is located at 316 N F in Aberdeen, WA 98520. Its reported 10.3 cap rate provides a clear financial metric for evaluating the asset. The combination of varied unit sizes and an existing tenant profile supports a straightforward multifamily configuration.
The property is located at 316 N F in Aberdeen, WA 98520. Its reported 10.3 cap rate provides a clear financial metric for evaluating the asset. The combination of varied unit sizes and an existing tenant profile supports a straightforward multifamily configuration.
Key Highlights
- Three‑unit property with 2,922 square feet
- Unit mix includes 2‑bedroom, 2‑bathroom; 3‑bedroom, 2‑bathroom; and 1‑bedroom, 1‑bathroom residences
- Built in 1906
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,674
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,480
$533.5K
Cap Rate 7%
$381,057
$381.1K
Cap Rate 9%
$296,378
$296.4K
Market Conditions
NOI Build-Up for 2,922 SF
Gross rent
$40.3K $13.80/SF
− Vacancy
−$2.2K −$0.76/SF
EGI
$38.1K $13.04/SF
− OpEx
−$11.4K −$3.91/SF
NOI
$26.7K $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%
$533,480
Cap Rate 7%
$381,057
Cap Rate 9%
$296,378
Alternative Uses
Best Use
Multifamily LT 5
$381.1K
$333.4K – $444.6K
NOI $26,674 @ 7.0% cap · market cap 8.92%
Second Best
Apartment 5plus
$353.3K
$309.2K – $412.2K
NOI $24,733 @ 7.0% cap · market cap 8.27%
Theoretical Best
Office A
$805.5K
$704.8K – $939.7K
NOI $56,383 @ 7.0% cap · market cap 18.86%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
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
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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 - Residential income property with two- and three-bedroom units plus a one-bedroom unit.
Where is this triplex located?
The property is located at 316 N F Aberdeen, WA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Three‑unit property with 2,922 square feet; Unit mix includes 2‑bedroom, 2‑bathroom; 3‑bedroom, 2‑bathroom; and 1‑bedroom, 1‑bathroom residences; Built in 1906
