401 2nd Street
Hoquiam, WA 98550
$614,000
Price
10
Beds
5
Baths
4,364 Sq. Ft.
$141 / Sq. Ft.
4,364
Sq. Ft.
$141
per Sq. Ft.
Listing provided courtesy of First Harbor Real Estate, Inc.
Description
Introducing a prime Multi-Family 5-plex investment property located in West Hoquiam. This well-maintained building features laundry room, five spacious 2-bedroom, 1-bath units, each with covered carport parking. Conveniently situated less than 30 minutes from the ocean beaches, and short walk to downtown Hoquiam, this property offers excellent rental potential. Don’t miss this exceptional investment opportunity in a desirable area.Introducing a prime Multi-Family 5-plex investment property located in West Hoquiam. This well-maintained building features laundry room, five spacious 2-bedroom, 1-bath units, each with covered carport parking. Conveniently situated less than 30 minutes from the ocean beaches, and short walk to downtown Hoquiam, this property offers excellent rental potential. Don’t miss this exceptional investment opportunity in a desirable area.
- Listed by Kristi Norberg • First Harbor Real Estate, Inc.
Property Details for 401 2nd Street
Community Name
Hoquiam
School DistrictHoquiam
ViewTerritorial
Number of Assigned Spaces8
Total Covered Parking0
Entry Date07-18-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 11/20/2024 01:01 PM
Property Details for 401 2nd Street
| Status | Active |
|---|---|
| MLS # | 2266769 |
| Days on Market | 128 |
| Cumulative Days on Market | 128 |
| Taxes | $3,259 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1981 |
| Lot Size | 0.17 AC / 7,405 SF |
| County | Grays Harbor County |
Building Information for 401 2nd Street
Stories2Residences5Year Built1981Building Size-Lot Size0.17 AC / 7,405 SF
Property Information for 401 2nd Street
Summary
Location and General Information
- Style: 55 - 5-9 Units
- Site Features: Cable TV, Deck, Fenced-Partially, High Speed Internet
- Area: 197 - Hoquiam
- Block: 8
- Elementary School: Buyer To Verify
- Middle Or Junior School: Buyer To Verify
- High School: Buyer To Verify
- Effective Year Built Source: Public Records
- Directions: Head West towards Hoquiam on (US-101), turn left onto Emerson Ave, Property is located on the left on the corner of Emerson and 2nd.
- Leased Items: Washer/Dryer
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2023
Parking
- Number of Carport Spaces: 5.0
- Carport: No
- Open Parking Spaces: 3.0
- Open Parking: Yes
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Floor Covering: Laminate, Vinyl, Carpet
- Features: Laminate, Wall to Wall Carpet
- Amenities: Coin Op Laundry,Storage,Thermal Windows
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
- FIRPTA: No
Exterior Features
- Exterior: Cement/Concrete, Wood Products
- Roof: Composition
- Security Features: FullyFenced
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 8218.56
- Power Company: Grays Harbor PUD
- Sewer Company: City of Hoquiam
- Water Company: City of Hoquiam
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Class: Multi-Family
- First Right Of Refusal: false
- Possible Use: Multi-Family
- MLS Square Footage Source: Public Records
- Preliminary Title Ordered: No
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1981
- Photos Count: 11
Lot Information
- Lot Details: Curbs, Paved, Sidewalk
- Lot Number: 3
- Lot Size Source: Public Records
- Parcel Number Free Text: 051800800300
- Calculated Square Footage: 4364
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 4364.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
- Green Energy Efficient: Thermal Windows
Multi Family
Building Details
- Number of Uncovered Spaces: 3
- Number of Stories in Building: 2
- Vacancy Rate: 0
- Number Of Units Total: 5
- Units Below Grade: false
- Units In Building Total: 5
Financing / Income and Expenses
- Electric Expense: $2,038
- Total Expenses: 15346.2
- Gross Adjusted Income: 0
- Gross Rent Multiplier: 10.13
- Gross Scheduled Income: $60,600
- Insurance Expense: $1,831
- Net Operating Income: $45,253
- Other Expenses: $0
- Total Monthly Income: 5025
- Fuel Expense: $0
Unit 1
- Washer/Dryer Unit 1: false
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Rent Unit 1: $975.00
- Bedrooms Unit 1: 2
- Bathrooms Unit 1: 1
Unit 2
- Washer/Dryer Unit 2: false
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Rent Unit 2: $975.00
- Bedrooms Unit 2: 2
- Bathrooms Unit 2: 1
Unit 3
- Washer/Dryer Unit 3: false
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Rent Unit 3: $1,000.00
- Bedrooms Unit 3: 2
- Bathrooms Unit 3: 1
Unit 4
- Washer/Dryer Unit 4: false
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: true
- Rent Unit 4: $975.00
- Bedrooms Unit 4: 2
- Bathrooms Unit 4: 1
Unit 5
- Washer/Dryer Unit 5: false
- Range/Oven Unit 5: true
- Refrigerator Unit 5: true
- Dishwasher Unit 5: true
- Rent Unit 5: $1,100.00
- Bedrooms Unit 5: 2
- Bathrooms Unit 5: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 4364.0
- Leasable Area Units: Square Feet
Property History for 401 2nd Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 401 2nd Street
Taxable ValueLand$31,875Additions$269,392Total$301,267
Tax Record2024$3,259 ($272 / month)
Home Facts
Total Finished SqFt4,364 SqFtAbove Ground SqFt4,364 SqFtStories2Lot Size7,405 SqFtStyleMulti-Family Dwelling (2-4)Year Built1981CountyGRAYS HARBORAPN051800800300
Schools near 401 2nd Street
This home is within Hoquiam School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 1 | |||
| Public - | 2 to 5 | |||
| Public - | 2 to 5 | |||
| Public - | 6 to 8 |
Rating | School | Distance |
|---|---|---|
Emerson Elementary School PublicPK to 1 | ||
Lincoln Elementary School Public2 to 5 | ||
Central Elementary School Public2 to 5 | ||
Hoquiam Middle School Public6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of First Harbor Real Estate, Inc.
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.
