18-Unit Apartment
702 L Street Hoquiam, WA 98550
702 L Street, Hoquiam, WA, 98550
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For Sale
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For sale multifamily property featuring 18 residential units at 702 L Street in Hoquiam, Washington.
Property Size16,848 SF
Price / SF$102.39
Days on Market69
Property Features for 702 L Street
General Information
- Standard status
- Active
- Size
- 16,848 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1965
Listing agency
Westlake Associates, Inc.
Listed by
Reid Jones · License #87080
Source
Crexi
Added: May 15 Updated: Jul 22 at 1:39AM Checked: Jul 22 at 12:52PM
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 for-sale multifamily property is an 18-unit apartment building located at 702 L Street in Hoquiam, Washington. The offering includes 18 residential units and approximately 16,848 square feet of total building area.
The property is presented as a residential income asset and is well-suited for buyers seeking to acquire an apartment building with multiple units under one roof.
Additional details such as unit mix, interior features, or operating expenses are not provided in the available information, and should be confirmed during due diligence.
The property is presented as a residential income asset and is well-suited for buyers seeking to acquire an apartment building with multiple units under one roof.
Additional details such as unit mix, interior features, or operating expenses are not provided in the available information, and should be confirmed during due diligence.
Key Highlights
- 18‑unit multifamily property for sale at 702 L Street in Hoquiam, Washington
- 1965 construction (Year built: 1965)
- Listing price shown as $95,833 per unit
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $272.9k | $16.20 |
| − Vacancy | −$13.6k | −$0.81 |
| EGI | $259.3k | $15.39 |
| − OpEx | −$116.7k | −$6.93 |
| NOI | $142.6k | $8.46 |
16,848 SF · lease $16.20/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.04M
$1.78M – $2.38M
NOI $142,610 @ 7.0% cap · market cap 8.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.64M
$4.06M – $5.42M
NOI $325,099 @ 7.0% cap · market cap 18.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - For sale multifamily property featuring 18 residential units at 702 L Street in Hoquiam, Washington.
Where is this apartment building located?
The property is located at 702 L Street Hoquiam, WA.
What is the asking price?
The asking price for this property is $1,725,000.
What are key features of this property?
This property features: 18‑unit multifamily property for sale at 702 L Street in Hoquiam, Washington; 1965 construction (Year built: 1965); Listing price shown as $95,833 per unit
