Occupied Two-Unit
For Sale
$340,000
409 N M Street, Aberdeen, WA 98520
Both sides are occupied and offer matching two-bedroom, one-and-a-half-bath layouts.
Property Size2,944 SF
Price / SF$115.49
Days on Market320
Property Features for 409 N M Street
General Information
Standard status
Active
Size
2,944 SF
Property subtype
Multi-Family
Occupancy
100%
Net Operating Income
$19,258
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,090
Amenities
Laminate,Vinyl,Carpet
Yes
No
2
Electric
12
Paved,Sidewalk
Public
Cable TV
0.0459
Wood
Concrete Ribbon
2944
Building Details
Building Size
2,944 SF
Year Built
1924
Stories
2
Listing Agency:
John L. Scott, Inc
(503) 670-9000
Listed By:
Vicki Marquez
(916) 296-3527
Source:
Premierepropertygroup
Added: Nov 19, 2025
Changed: Oct 4
Last Checked: Oct 4 at 8:12AM
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 John L. Scott, Inc
Investment Insights
Based on property information with market context.
This 2,944-square-foot duplex was built in 1924 and contains two matching residences, each with two bedrooms and one-and-a-half baths. Interior finishes include laminate, vinyl, and carpet. Both units are currently occupied, providing an existing two-unit configuration for an owner or investor. The roof was replaced in 2017, and the property is outside the flood zone.
Located at 409 N M Street in Aberdeen, the duplex sits near schools, shopping, and parks, with the bay and ocean beaches a short drive away. The property also includes paved areas and sidewalks, with public water service identified in the property details.
Located at 409 N M Street in Aberdeen, the duplex sits near schools, shopping, and parks, with the bay and ocean beaches a short drive away. The property also includes paved areas and sidewalks, with public water service identified in the property details.
Key Highlights
- 2,944‑square‑foot duplex with two residential units
- Each unit includes 2 bedrooms and 1.5 baths
- Both units are currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,875
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,500
$537.5K
Cap Rate 7%
$383,929
$383.9K
Cap Rate 9%
$298,611
$298.6K
Market Conditions
NOI Build-Up for 2,944 SF
Gross rent
$40.6K $13.80/SF
− Vacancy
−$2.2K −$0.76/SF
EGI
$38.4K $13.04/SF
− OpEx
−$11.5K −$3.91/SF
NOI
$26.9K $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%
$537,500
Cap Rate 7%
$383,929
Cap Rate 9%
$298,611
Alternative Uses
Best Use
Multifamily LT 5
$383.9K
$335.9K – $447.9K
NOI $26,875 @ 7.0% cap · market cap 7.90%
Second Best
Apartment 5plus
$356.0K
$311.5K – $415.3K
NOI $24,919 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$811.5K
$710.1K – $946.8K
NOI $56,807 @ 7.0% cap · market cap 16.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,006
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Both sides are occupied and offer matching two-bedroom, one-and-a-half-bath layouts.
Where is this duplex located?
The property is located at 409 N M Street Aberdeen, WA.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: 2,944‑square‑foot duplex with two residential units; Each unit includes 2 bedrooms and 1.5 baths; Both units are currently occupied
