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Listing provided courtesy of Better Properties Grays HarborNWMLSMLS# NWM2486273MLS Provider
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Turn-key 9-unit investment property in a convenient Hoquiam location, offering a 8.5% cap rate. Most units have been updated, one unit undergoing a refresh and will be rented soon. On-site coin-operated laundry adds additional revenue potential, Landlord storage spaces could potentially be converted to storage units or an additional 1 bedroom for extra income. Close to schools, services, and major routes for easy access. Two units, one 2 bedroom and 1 one bedroom could have floorplan changed to add a bedroom to each for increased cash flow.

Source: NWMLS, MLS#: NWM2486273

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  • Property Type
    Residential Income
  • Lot
    0.24 acres

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  • Median Age
    45
  • Population Density
    44
  • College Educated
    30%
  • Estimated Median Income
    $46,622
  • Estimated Total Home Owners
    3,139
  • Estimated Total Renters
    1,775
  • Owner / Renter Divide
    64% / 36%
  • Estimated Average Household Size
    2
  • Total Population
    11,307
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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$ %
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 517 Emerson Avenue

Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/9/2026Source: NWMLS Price Reduction
$1,000,000 -10.6%
3/1/2026Source: NWMLS Added to Database
March 01, 2026
6/30/2022Source: NWMLS Added to Database
June 30, 2022