Listed by Keller Williams Rlty Bellevue
$555,750

1020 J St Hoquiam, WA 98550

Estimated payment $3,321/month

Total Views 6,484
10 Beds
7 Baths
6,971 Sq Ft
$80 Price per Sq Ft

Highlights

  • Corner Lot
  • Baseboard Heating
  • Wall to Wall Carpet
  • No HOA
  • Wood Siding

About This Home

A 7-unit apartment building with a strong rental history. This building features three 2-bedroom units and four 1-bedroom units, offering a variety of living spaces. Additionally, it includes a garage that can be utilized as a shop or for storage, generating additional income. Conveniently located close to a bus line and shopping areas, the property ensures easy access to essential amenities. Rents are currently below market value, presenting a significant opportunity for potential increases, making it an attractive investment for those looking to maximize their returns.

Listing Agent

Michael Durham

Keller Williams Rlty Bellevue License #130677 Listed on: 01/09/2025

Keller Williams Rlty Bellevue

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2320979

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,012

Year Built

  • Built in 1929

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 56x97x56x97
  • Corner Lot
  • Property is in good condition

Home Design

  • Flat Roof Shape
  • Concrete Foundation
  • Wood Siding

Interior Spaces

  • 6,971 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 7 Bathrooms

Parking

  • 1 Parking Space
  • 1 Covered Space

Schools

  • Hoquiam Mid Middle School
  • Hoquiam High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Hoquiam Corr Condos
  • Hoquiam Subdivision

Listing and Financial Details

  • Legal Lot and Block 14 / 64
  • Assessor Parcel Number 051806401400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,012

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1929
  • Buyer Agency Compensation: 2.5
  • MLS Status: Active
  • Prev Status: Active
  • Building Name: Hoquiam Corr
  • New Construction: No
  • CalculatedSquareFootage: 6971
  • Special Features: None
  • Cumulative Days on Market: 418

Interior Features

  • Possible Use: Multi-Family
  • Total Bedrooms: 10
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Laminate, Laminate Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Flat
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Concrete Ribbon, Post & Block
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking: No
  • Total Parking Spaces: 1
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Cooling: Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Grays Harbor PUD
  • SewerCompany: City of Hoquiam
  • WaterCompany: City of Hoquiam
  • WaterSewerGarbage: 14984

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Hoquiam
  • High School: Hoquiam High
  • Middle Or Junior School: Hoquiam Mid

Lot Info

  • Parcel Number: 051806401400
  • Lot Size Acres: 0.14
  • Lot Size: 56x97x56x97
  • Lot Size Sq Ft: 6098
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 14

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 7.74
  • LeasedItems: None
  • TotalMonthlyIncome: 6456

Multi Family

  • Gross Scheduled Income: 77481
  • Net Operating Income: 42703
  • Number Of Units Total: 7
  • Insurance Expense: 3458
  • Leasable Area: 6555
  • EnergySource: Electric
  • UnitsInBuildingTotal: 7
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2023
  • Tax Annual Amount: 3012

MLS Schools

  • Elementary School: Buyer To Verify

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/09/2025 01/09/25 For Sale $555,750 +99.2% $80 / Sq Ft
07/30/2019 07/30/19 Sold $279,000 +11.6% $40 / Sq Ft
06/13/2019 06/13/19 Pending -- -- --
06/04/2019 06/04/19 For Sale $250,000 -- $36 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2320979

Northwest Multiple Listing Service (NWMLS)

APN: 051806401400