Building Details

Year Built 1910

Listing Agency: Spivey Realty Group, LLC

Listed By: Kaylan Forbis · License #133360 Show Phone

Source: Homesinseattlearea

Added: Sep 29 Changed: Oct 6 Last Checked: Oct 6 at 2:31AM

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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 Spivey Realty Group, LLC

Investment Insights

Based on property information with market context.

This triplex comprises a two-story, four-bedroom main residence of more than 2,300 sq. ft., a one-bedroom apartment above the garage measuring 1,244 sq. ft., and a separate two-bedroom, one-bath home with 752 sq. ft. The main house includes living and dining areas, a kitchen, utility room, and bedrooms on both floors. Its converted garage adds living area, while the large two-bay garage and shop has a half bath. The upstairs apartment has an updated kitchen with dining area, laundry hookups, and a three-quarter bath.

A detached two-car garage and concrete rear patio provide additional parking and storage space. The property was built in 1910.

Key Highlights

• Three separate residences: a four‑bedroom home, one‑bedroom apartment, and two‑bedroom, one‑bath house
• Main residence spans more than 2,300 sq. ft. and has two stories
• One‑bedroom apartment above the garage offers 1,244 sq. ft., an updated kitchen, laundry hookups, and a 3/4 bath

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$32,827

Cap Rate

8.21%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$656,540 $656.5K

Cap Rate 7%

$468,957 $469.0K

Cap Rate 9%

$364,744 $364.7K

Market Conditions

NOI Build-Up for 3,596 SF

Gross rent

$49.6K $13.80/SF

− Vacancy

−$2.7K −$0.76/SF

EGI

$46.9K $13.04/SF

− OpEx

−$14.1K −$3.91/SF

NOI

$32.8K $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%

$656,540

Cap Rate 7%

$468,957

Cap Rate 9%

$364,744

Alternative Uses

Best Use

Multifamily LT 5

$469.0K

$410.3K – $547.1K (±1% cap)

NOI $32,827 @ 7.0% cap · market cap 8.21%

Second Best

Apartment 5plus

$434.8K

$380.5K – $507.3K (±1% cap)

NOI $30,438 @ 7.0% cap · market cap 7.61%

Theoretical Best

Office A

$991.3K

$867.4K – $1.16M (±1% cap)

NOI $69,388 @ 7.0% cap · market cap 17.35%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Locksmith Catering Service Home Appliance Store Veterinary Clinic

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

Location Intelligence

Trade Area within ½ mile

804

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

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this triplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Triplex - Three separate residences are complemented by garage and shop space, including an apartment above the main garage.

Where is this triplex located?

The property is located at 801 E 2nd St Aberdeen, WA.

What is the asking price?

The asking price for this property is $400,000.

What are key features of this property?

This property features: Three separate residences: a four‑bedroom home, one‑bedroom apartment, and two‑bedroom, one‑bath house; Main residence spans more than 2,300 sq. ft. and has two stories; One‑bedroom apartment above the garage offers 1,244 sq. ft., an updated kitchen, laundry hookups, and a 3/4 bath