Listed by Better Properties Grays Harbor
$1,189,000

517 Emerson Ave Hoquiam, WA 98550

Karr's Neighborhood

Estimated payment $6,994/month

Total Views 2,194
10 Beds
9 Baths
7,048 Sq Ft
$169 Price per Sq Ft

About This Home

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.

Listing Agent

Thomas Hedlund

Better Properties Grays Harbor License #23002224 Listed on: 06/06/2025

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2388888

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,195

Year Built

  • Built in 1906

Lot Details

  • 10,560 Sq Ft Lot

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 7,048 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 9 Bathrooms

Parking

  • 8 Parking Spaces
  • Open Parking

Community Details

  • No Home Owners Association
  • West Hoquiam Subdivision

Listing and Financial Details

  • Assessor Parcel Number 053400701300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,195

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1906
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 7048
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 72

Interior Features

  • Total Bedrooms: 10
  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition
  • Lot Features: Sidewalk
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood
  • Foundation Details: Pillar/Post/Pier
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating Yn: Yes
  • PowerCompany: Grays Harbor PUD
  • SewerCompany: City of Hoquiam
  • WaterCompany: City of Hoquiam
  • InternetConnected: Comcast
  • WaterSewerGarbage: 11533.96

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Hoquiam
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 053400701300
  • Lot Size Acres: 0.2424
  • Lot Size: 10560
  • Lot Size Sq Ft: 10560
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • MLSSquareFootageSource: Public Records
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 10.96
  • LeasedItems: None
  • TotalMonthlyIncome: 9040

Multi Family

  • Gross Scheduled Income: 108480
  • Net Operating Income: 84059
  • Number Of Units Total: 9
  • Electric Expense: 1007
  • Insurance Expense: 5685
  • Leasable Area: 7048
  • EnergySource: Electric
  • UnitsInBuildingTotal: 9
  • UnitsBelowGrade: false
  • VacancyRate: 11

Tax Info

  • Year: 2025
  • Tax Annual Amount: 6195.06

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
06/06/2025 06/06/25 For Sale $1,189,000 +69.9% $169 / Sq Ft
06/24/2022 06/24/22 Sold $700,000 0.0% $110 / Sq Ft
06/24/2022 06/24/22 For Sale $700,000 -- $110 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2388888

Northwest Multiple Listing Service (NWMLS)

APN: 053400701300

Washington Grays Harbor County Hoquiam 98550 Karr's

517 Emerson Ave, Hoquiam, WA

This home is located at 517 Emerson Ave, Hoquiam, WA 98550 and is currently priced at $1,189,000, approximately $168 per square foot. This property was built in 1906. 517 Emerson Ave is a home located in Grays Harbor County with nearby schools including Lincoln Elementary School, Central Elementary School, and Emerson Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) 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. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

Nearby Homes
Listing Agent
Thomas Hedlund
Section Image
Better Properties Grays Harbor
(360) 615-3713