Multifamily Property with Coin-Operated
For Sale
$575,000
520 28th St, Hoquiam, WA 98550
Multifamily property with a house, apartment units, updated interiors, and parking both on site and along the street.
Property Size4,335 SF
Price / SF$132.64
Days on Market54
Property Features for 520 28th St
General Information
Standard status
Active
Size
4,335 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
minimal deferred maintenance
Amenities
coin op laundry
Building Details
Year Built
1908
Listing Agency:
Better Properties Grays Harbor
Listed By:
Thomas Hedlund
(360) 470-0354
Source:
Nfrrealty
Added: Aug 15
Changed: Oct 4
Last Checked: Oct 6 at 12:41AM
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 Better Properties Grays Harbor
Investment Insights
Based on property information with market context.
This multifamily property in Hoquiam, Washington, includes a house and apartment units, creating a flexible residential configuration. Most units have been updated, and the apartment buildings and garage have new roofs. A coin-operated laundry area adds an on-site operational feature for residents.
Parking is available both on the property and along the street. The address is 520 28th St, Hoquiam, WA.
Parking is available both on the property and along the street. The address is 520 28th St, Hoquiam, WA.
Key Highlights
- House and apartment units included in the multifamily property
- Most units have been updated
- New roofs on the apartments and garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,694
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$733,880
$733.9K
Cap Rate 7%
$524,200
$524.2K
Cap Rate 9%
$407,711
$407.7K
Market Conditions
NOI Build-Up for 4,335 SF
Gross rent
$70.2K $16.20/SF
− Vacancy
−$3.5K −$0.81/SF
EGI
$66.7K $15.39/SF
− OpEx
−$30.0K −$6.93/SF
NOI
$36.7K $8.46/SF
Area
Grays Harbor County, WA
Vacancy
5.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$733,880
Cap Rate 7%
$524,200
Cap Rate 9%
$407,711
Alternative Uses
Best Use
Apartment 5plus
$524.2K
$458.7K – $611.6K
NOI $36,694 @ 7.0% cap · market cap 6.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.19M
$1.05M – $1.39M
NOI $83,648 @ 7.0% cap · market cap 14.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
Explore this area
Business Placement
Demographics for 98550, WA
11,502
Population
5,373
Households
2.1
Avg Household Size
43
Median Age
19%
College-Educated
92%
High-School Grad
266.0 sq mi
ZIP Area
43
Density / Sq Mi
$56,920
Median Household Income
$36,185
Median Earnings
$1,003
Median Rent
$212,400
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?
Multifamily property - Multifamily property with a house, apartment units, updated interiors, and parking both on site and along the street.
Where is this multifamily property located?
The property is located at 520 28th St Hoquiam, WA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: House and apartment units included in the multifamily property; Most units have been updated; New roofs on the apartments and garage
