Four-Unit Property with Separate
324 N F St, Aberdeen, WA 98520
For Sale
$300,000
Two buildings provide a mixed unit layout with outdoor features and detached garage space.
Property Size2,726 SF
Price / SF$110.05
Days on Market98
Property Features for 324 N F St
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
Spivey Realty Group, LLC
Listed By:
Kevin Spivey · License #27308
(360) 519-6886
Source:
Nfrrealty
Added: Aug 3
Changed: Oct 25
Last Checked: Oct 7 at 2:55PM
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
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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 / Yr
$24,885
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
959
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
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
