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Listing Firm: Better Properties Grays Harbor: Thomas Hedlund

Active
NWMLS # 2388888
  • - Beds
  • - Baths
  • 7048 Sq.ft.

517 Emerson Avenue , Hoquiam, WA 98550

Listings with the three tree icon are courtesy of NWMLS

About This Property

Turnkey 9-unit multifamily in prime location near schools, bus lines, and downtown shopping. Strong cash flow with low vacancy and great tenant history. Major renovations completed by previous owner, with refreshed units by current owner during turnovers. Excellent condition and curb appeal. Value-add potential with conversion of unused space into storage units, and possible reconfiguration of a 2-bed into a 3-bed and a 1-bed into a 2-bed. A rare, stable asset with upside in a high-demand rental market. This is a rare opportunity to own a well-maintained, centrally located building with both solid in-place numbers and clear upside for the next owner.

Aris360 Last Checked: 468 Minutes Ago (Jul 01, 2025 11:31 PM)

  • Source: NWMLS as Distributed by MLS Grid #2388888

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: Emerson
  • Zip/Postal Code: 98550
  • City: Hoquiam

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$3,847 per month
Principal & Interest
Home Insurance
Property Taxes

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Loan Detail

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Property Features

  • County
    • West Hoquiam
  • Community
    • 197 - Hoquiam
  • MLS Area
    • 197 - Hoquiam
  • Longitude
    • -123.890858
  • Latitude
    • 46.98125
  • Directions
    • Starting in Aberdeen head towards Ocean Shores, after turning on Emerson Property is 3 blocks down on the right.

  • Power Production Type
    • Electric

  • Stories
    • 2
  • Style
    • 55 - 5-9 Units
  • Parking Spaces
    • 8
  • Lot Description
    • Sidewalk,
  • Foundation
    • Pillar/Post/Pier,
  • Elevation
    • Feet
  • Water Source
    • Public,
  • Exterior
    • Wood
  • Roof
    • Composition,
  • Septic or Sewer
    • Sewer Connected,
  • Water
    • City of Hoquiam
  • Building Total Area (Sq. Ft.)
    • 10560

  • High School District
    • Hoquiam
  • Jr. High School
    • Buyer To Verify
  • Elementary School
    • Buyer To Verify
  • High School
    • Buyer To Verify

  • Possession
    • Subject to Tenant Rights,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi Family
  • Tax Year
    • 2025
  • Structure Type
    • Multi Family,
  • Tax Amount
    • $6195.06
  • Year Built
    • 1906
  • Effective Year Built
    • 1906
  • Status
    • Active

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Disclaimer: Based on information submitted to the MLS GRID as of Wed Jul 02 2025 . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Jul 01, 2025 11:31 PM