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    Property profile & analytics

    814 Perry Ave Hoquiam, WA 98550

    • Residential income homes
    • 1,680 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US90-3209031
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 814 Perry Ave

    Year built
    1911
    Property size
    1,680 SF
    Property type
    Residential income homes
    APN
    055401401800

    Description

    This Grays Harbor County, Washington property presents a compelling investment opportunity. Located at 814 Perry Ave, Hoquiam, WA 98550, this multifamily property consists of two buildings totaling 1,680 square feet on a 5,184 square foot lot (APN: 055401401800). Built in 1911, the property features a charming main house with three bedrooms and one and three-quarter bathrooms, boasting a covered front porch, fresh paint, new flooring, a wood stove, and baseboard/wall heating. The well-insulated main house offers ample parking for up to four vehicles. A detached single-car garage with additional storage is also included. The second building is a one-bedroom, one-level home currently rented for $750 per month to a long-term tenant. The main house is vacant and ready for immediate occupancy. A potential rental income of $1500 per month is estimated for the main house and garage. The seller will install a new roof on the main house and garage prior to closing. The property offers a strong 8.82% cap rate, with a net operating income (NOI) of $21,960 and an asking price of $249,000 ($124,500 per unit). This is an excellent opportunity for an owner-user to live in one unit while generating income from the other. Showings for the occupied unit require advance notice.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hoquiam
    County
    Grays Harbor
    State
    Washington
    Longitude
    -123.8867118
    Latitude
    46.9926094

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    814 Perry Ave
    Hoquiam, WA 98550
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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