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Garden-Style Apartment Building
For Sale
$1,095,000

701 L St, Hoquiam, WA 98550

Well-maintained community offering multiple residential floor plans with convenient access to US-12 and area employment centers.

Property SizeContact for details
Days on Market90

Property Features for 701 L St

General Information

Standard status Active
Property subtype Residential Income

Additional Details

Highway Access Yes
Multifamily Units 12

Taxes and HOA fees

Annual Taxes $7,024

Building Details

Year Built 1965
Construction garden-style
Listing Agency: Westlake Associates, Inc.
Listed By: Reid Jones · License #87080
Source: Exprealty
Added: May 15 Changed: Aug 11 Last Checked: Aug 11 at 12:55PM

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 Westlake Associates, Inc.

Investment Insights

Based on property information with market context.

This 12-unit garden-style apartment community in Hoquiam was built in 1965 and offers a mix of two-bedroom, one-bedroom, and studio residences. Recent capital improvements have been completed, supporting the property's ongoing physical condition. The unit variety provides a range of residential configurations within a single apartment asset.

Located at 701 L St, the property offers access to US-12 and employment centers in Hoquiam and Aberdeen. Its setting provides a practical residential environment for occupants seeking proximity to local jobs and regional transportation routes.

Key Highlights

  • 12‑unit garden‑style apartment community
  • Built in 1965
  • Two‑bedroom, one‑bedroom, and studio floor plans

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency HVAC Service Electrical Service (Bike/Boat/Book/etc) Store Garden Center Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

375
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Well-maintained community offering multiple residential floor plans with convenient access to US-12 and area employment centers.
Where is this apartment building located?
The property is located at 701 L St Hoquiam, WA.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: 12‑unit garden‑style apartment community; Built in 1965; Two‑bedroom, one‑bedroom, and studio floor plans
More about this property
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