97 S Elderberry Avenue, Forks, WA 98331
- $1,250,000
- 7,126
- SqFt
Listing courtesy of Ideal Real Estate.
- List Price
- $1,250,000
- Status
- ACTIVE
- MLS#
- 2490382
- Days on Market
- 136
- Style
- 56 - 10+ Units
- Finished SqFt
- 7,126
- Area Total SqFt
- 7126
- Annual Tax Ammount
- 4109
- Lot Size (sq ft)
- 17,435
- Sewer
- Sewer Connected
Property Description
Investment opportunity of a lifetime! This property alone is sufficient to be a generational wealth type portfolio. One of the nicest multi-unit properties in the area, a very well kept 10-unit apartment building in a great location. Tucked away in a private spot, accessed by a dead-end driveway, with a paved parking lot and a low maintenance yard. Highly desirable location for renters, only moments away from the school, local gym and City Hall with the Police Department, and also adjacent to storage units. Property can easily be taken over by new ownership - the building is very well kept and can seamlessly continue producing income without any major pressing costs. Solid rental history and consistent tenant demand make this a very stable investment. The property is connected to highly desirable City water and sewer, has a nice outbuilding and a coin-operated laundry room. Paved walkways, fenced back yard, landscaped courtyard - this place is as nice as it gets and there won't be another one just like it.
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Additional Information
- List Date
- 2026-03-21 19:19:12
- Community
- Forks
- Net Operating Income
- $42,940
- Gross Adjusted Income
- $70,908
- Gross Scheduled Income
- $74,640
- Total Monthly Income
- $6,220
- Insurance Expenses
- $8,056
- Water/Sewer/Garbage Expenses
- $10,297
- Gross Rent Multiplier
- 16.75
- Total Expenses
- $27,968
- Cap Rate
- 3.44
- Vacancy Rate
- 5
- Total Number of Units
- 10
- Unit Name
- 97
- Potential Terms
- Cash, Conventional
- Year Built
- 1976
- View
- City, Territorial
- Roof
- Composition
- Site Features
- Fenced-Partially, Outbuildings
- Electric Expenses
- 1173
- Other Expenses
- 4333
- Energy Source
- Electric
- School District
- Quillayute
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $6,220
- Gross Scheduled Income
- $74,640
- Vacancy Rate
- 5
- Gross Adjusted Income
- $70,908
- Tax Year
- 2026
- Insurance Expense
- $8,056
- W/S/G Expenses
- $10,297
- Total Expenses
- $27,968
- Net Operating Income
- $42,940
- Gross Rent Multiplier
- 16.75
- Cap Rate
- 3.44
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.