Duplex with Remodeled Upper
621 W 2nd St, Aberdeen, WA 98520
For Sale
$360,000
Two separate residences occupy a corner lot with distinct layouts and generous living space.
Property Size2,720 SF
Price / SF$132.35
Days on Market91
Property Features for 621 W 2nd St
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
Better Properties Grays Harbor
Listed By:
Kristi Christensen · License #23007534
(360) 470-2824
Source:
Seattlepropertysource
Added: Aug 10
Changed: Nov 1
Last Checked: Nov 8 at 6:39AM
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 Better Properties Grays Harbor
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Investment Insights
Based on property information with market context.
This duplex at 621 W 2nd St in Aberdeen, WA, contains 2,720 square feet and was built in 1922. The property includes two 3-bedroom residences with separate interior configurations. The upper unit has 1 bathroom and an open arrangement linking the living room, dining area, and kitchen; it has also been remodeled recently. The lower unit provides 3 bedrooms and 1.75 bathrooms, creating a different layout within the same building.
Positioned on a large corner lot, the property offers outdoor space in addition to the two-unit configuration. Its separate residences support rental use, multigenerational living, or an owner-occupied arrangement, as described for the property.
Positioned on a large corner lot, the property offers outdoor space in addition to the two-unit configuration. Its separate residences support rental use, multigenerational living, or an owner-occupied arrangement, as described for the property.
Key Highlights
- Two 3‑bedroom units within one duplex
- 2,720 square feet on a large corner lot
- Upper unit remodeled recently with an open living, dining, and kitchen layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,830
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$496,600
$496.6K
Cap Rate 7%
$354,714
$354.7K
Cap Rate 9%
$275,889
$275.9K
Market Conditions
NOI Build-Up for 2,720 SF
Gross rent
$37.5K $13.80/SF
− Vacancy
−$2.1K −$0.76/SF
EGI
$35.5K $13.04/SF
− OpEx
−$10.6K −$3.91/SF
NOI
$24.8K $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%
$496,600
Cap Rate 7%
$354,714
Cap Rate 9%
$275,889
Alternative Uses
Best Use
Multifamily LT 5
$354.7K
$310.4K – $413.8K
NOI $24,830 @ 7.0% cap · market cap 6.90%
Second Best
Apartment 5plus
$328.9K
$287.8K – $383.7K
NOI $23,023 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$749.8K
$656.1K – $874.8K
NOI $52,485 @ 7.0% cap · market cap 14.58%
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
957
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?
Duplex - Two separate residences occupy a corner lot with distinct layouts and generous living space.
Where is this duplex located?
The property is located at 621 W 2nd St Aberdeen, WA.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Two 3‑bedroom units within one duplex; 2,720 square feet on a large corner lot; Upper unit remodeled recently with an open living, dining, and kitchen layout
