Single-Level Duplex with
For Sale
$289,000
507 W 2nd St, Aberdeen, WA 98520
Two single-level residences offer refreshed interiors, covered parking, and an occupied accessory dwelling unit.
Property Size1,816 SF
Price / SF$159.14
Days on Market61
Property Features for 507 W 2nd St
General Information
Standard status
Active
Size
1,816 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 1BR
Multifamily Units
2
Amenities
front porch
private deck
Building Details
Year Built
1920
Buildings
2
Stories
1
Construction
craftsman
Tenancy
Single
Listing Agency:
Aberdeen Realty, Inc.
Listed By:
Nancy Taylor · License #13317
(360) 533-7100
Source:
Nfrrealty
Added: Aug 15
Changed: Oct 10
Last Checked: Oct 7 at 5:04PM
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 Aberdeen Realty, Inc.
Investment Insights
Based on property information with market context.
This 1,816-square-foot duplex includes a three-bedroom, two-bathroom primary home and a separate one-bedroom ADU. Both residences are single level. The main dwelling has received new paint and flooring, with a front porch, private rear deck, and single-car garage that can serve for parking or storage. Its roof was replaced 5 years ago.
The ADU has alley access and is occupied by a long-term tenant. Built in 1920, the property combines a traditional primary residence with a separate smaller dwelling on the same parcel. The configuration supports continued residential income use while retaining the features of a standalone home, including covered parking and outdoor space.
The ADU has alley access and is occupied by a long-term tenant. Built in 1920, the property combines a traditional primary residence with a separate smaller dwelling on the same parcel. The configuration supports continued residential income use while retaining the features of a standalone home, including covered parking and outdoor space.
Key Highlights
- 3‑bedroom, 2‑bathroom primary residence with separate 1‑bedroom ADU
- 1,816 square feet across two single‑level residences
- ADU occupied by a long‑term tenant with alley access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,578
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,560
$331.6K
Cap Rate 7%
$236,829
$236.8K
Cap Rate 9%
$184,200
$184.2K
Market Conditions
NOI Build-Up for 1,816 SF
Gross rent
$25.1K $13.80/SF
− Vacancy
−$1.4K −$0.76/SF
EGI
$23.7K $13.04/SF
− OpEx
−$7.1K −$3.91/SF
NOI
$16.6K $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%
$331,560
Cap Rate 7%
$236,829
Cap Rate 9%
$184,200
Alternative Uses
Best Use
Multifamily LT 5
$236.8K
$207.2K – $276.3K
NOI $16,578 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$219.6K
$192.2K – $256.2K
NOI $15,372 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$500.6K
$438.0K – $584.0K
NOI $35,042 @ 7.0% cap · market cap 12.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,079
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two single-level residences offer refreshed interiors, covered parking, and an occupied accessory dwelling unit.
Where is this duplex located?
The property is located at 507 W 2nd St Aberdeen, WA.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: 3‑bedroom, 2‑bathroom primary residence with separate 1‑bedroom ADU; 1,816 square feet across two single‑level residences; ADU occupied by a long‑term tenant with alley access
