Two-Unit Duplex with New
507 /509 S West Boulevard, Aberdeen, WA 98520
For Sale
$295,950
Each residence offers two bedrooms, one bathroom, and separate living-room mini-split systems.
Property Size1,620 SF
Price / SF$182.69
Days on Market16
Property Features for 507 /509 S West Boulevard
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Net Operating Income
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Vinyl,Carpet
Yes
No
1
Electric
Paved
Cable TV,High Speed Internet
4
50 x 120
0.1377
Wood
Poured Concrete
1620
Building Details
Building Size
Year Built
Stories
Listing Agency:
Riley Jackson Real Estate Inc.
(360) 753-8000
Listed By:
Cheryl Goethals Messer · License #80521
(360) 470-8744
Source:
Premierepropertygroup
Added: Oct 24
Changed: Nov 7
Last Checked: Nov 8 at 4:39AM
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 Riley Jackson Real Estate Inc.
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Investment Insights
Based on property information with market context.
This duplex contains two units, each arranged with two bedrooms and one bathroom. A new roof was installed in 2024. Unit 509 has new carpet, a living-room mini-split, and bedroom wall heaters; Unit 507 has a living-room mini-split and bedroom baseboard heat. The property was built in 1974 and totals 1,620 square feet.
The paved exterior surface and 50-by-120-foot lot are additional physical details of the property.
The paved exterior surface and 50-by-120-foot lot are additional physical details of the property.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- New roof installed in 2024
- Unit 509 has new carpet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,788
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,760
$295.8K
Cap Rate 7%
$211,257
$211.3K
Cap Rate 9%
$164,311
$164.3K
Market Conditions
NOI Build-Up for 1,620 SF
Gross rent
$22.4K $13.80/SF
− Vacancy
−$1.2K −$0.76/SF
EGI
$21.1K $13.04/SF
− OpEx
−$6.3K −$3.91/SF
NOI
$14.8K $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%
$295,760
Cap Rate 7%
$211,257
Cap Rate 9%
$164,311
Alternative Uses
Best Use
Multifamily LT 5
$211.3K
$184.9K – $246.5K
NOI $14,788 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$195.9K
$171.4K – $228.5K
NOI $13,712 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$446.6K
$390.8K – $521.0K
NOI $31,260 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
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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?
Duplex - Each residence offers two bedrooms, one bathroom, and separate living-room mini-split systems.
Where is this duplex located?
The property is located at 507 /509 S West Boulevard Aberdeen, WA.
What is the asking price?
The asking price for this property is $295,950.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; New roof installed in 2024; Unit 509 has new carpet
