1111 Chenault Avenue, Hoquiam, WA 98550
- $385,000
- 2,892
- SqFt
Listing courtesy of Premier Realty Grays Harbor.
- List Price
- $385,000
- Status
- ACTIVE
- MLS#
- 2549695
- Price Change
- ▼ $5,000 1784284918
- Days on Market
- 25
- Style
- 53 - Tri-plex
- Building Condition
- Good
- Finished SqFt
- 2,892
- Area Total SqFt
- 2892
- Annual Tax Ammount
- 2153
- Lot Size (sq ft)
- 9,920
- Sewer
- Sewer Connected
Property Description
Turnkey investment opportunity with owner-occupancy potential! Live in one unit while generating rental income from the others, or add a strong income-producing property to your portfolio. This well-maintained triplex features two units in the front building and a separate rear unit with its own private entrance, garage space, and alley access. Unit 1 offers 2 bedrooms and 1 bath on the main level. Unit 2 features 1 bedroom, 2 baths, and a dedicated office upstairs, making it an excellent owner-occupied option. Unit 3 includes 2 bedrooms, 1 bath, private entry, garage space, and added privacy. Each unit has its own laundry facilities for added tenant convenience. Recent updates include fresh interior paint and new flooring. A spacious side yard, driveway, and off-street parking enhance the property's appeal. The upstairs unit is expected to be fully leased by the end of July, offering flexibility for buyers who wish to occupy it before leasing or simply acquire a fully rented asset. Whether you're expanding your investment portfolio or purchasing your first multifamily property, this Hoquiam triplex offers flexible living arrangements, solid rental potential, and an excellent opportunity to build long-term wealth.
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Additional Information
- List Date
- 2026-07-05 05:40:25
- Community
- Hoquiam
- Net Operating Income
- $33,882
- Gross Adjusted Income
- $40,015
- Gross Scheduled Income
- $49,080
- Total Monthly Income
- $4,090
- Insurance Expenses
- $1,100
- Water/Sewer/Garbage Expenses
- $2,880
- Gross Rent Multiplier
- 7.94
- Total Expenses
- $6,133
- Cap Rate
- 8.68
- Vacancy Rate
- 33
- Total Number of Units
- 3
- Unit Name
- 1111
- Potential Terms
- Cash, Conventional
- Year Built
- 1936
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially, Gas Available, High Speed Internet
- Energy Source
- Electric, See Remarks
- School District
- Hoquiam
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $4,090
- Gross Scheduled Income
- $49,080
- Vacancy Rate
- 33
- Gross Adjusted Income
- $40,015
- Tax Year
- 2026
- Insurance Expense
- $1,100
- W/S/G Expenses
- $2,880
- Total Expenses
- $6,133
- Net Operating Income
- $33,882
- Gross Rent Multiplier
- 7.94
- Cap Rate
- 8.68
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.