301 W 3rd Street, Aberdeen, WA 98520
- $1,250,000
- 10,000
- SqFt
Listing courtesy of John L. Scott, Inc..
- List Price
- $1,250,000
- Status
- ACTIVE
- MLS#
- 2553414
- Days on Market
- 16
- Style
- 56 - 10+ Units
- Building Condition
- Good
- Finished SqFt
- 10,000
- Area Total SqFt
- 10000
- Annual Tax Ammount
- 8990
- Internet Provider
- Various
- Lot Size (sq ft)
- 6,534
- Sewer
- Sewer Connected
Property Description
Excellent opportunity to own a classic two-story, 14-unit multifamily apartment complex in Aberdeen. Built in 1923, this property showcases the charm and character of early 20th-century apartment design while offering functional, diverse living spaces that support strong rental appeal. Conveniently located remarkably close to everyday services, shopping, dining, transit, and local amenities, and situated directly across from a school, this property offers a central location tenants appreciate. The unit mix includes two true studio apartments, six studios with bonus rooms, four one-bedroom units, and two two-bedroom apartments, creating flexibility for a variety of rental needs. With a strong and consistent rental history based on a conservative vacancy rate, this property delivers an attractive cap rate and proven income performance. Its combination of historic character, steady demand, and practical unit variety makes it a compelling option for investors seeking stability, cash flow, and long-term value. Whether you are expanding your portfolio or looking for a well-positioned multifamily asset in an established Aberdeen neighborhood, this 14-unit property is worth a closer look. Buyer to verify all information, financials, zoning, rental history, condition, and due diligence to their satisfaction. Active maintenance in progress. Will provide entry to all Apartments after Mutual. MUST give at least 48+ hrs. time to post notices for ALL showings. Will place RE Sign shortly.
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Additional Information
- List Date
- 2026-07-13 16:02:29
- Community
- West Aberdeen
- Net Operating Income
- $67,840
- Gross Adjusted Income
- $115,800
- Gross Scheduled Income
- $115,800
- Total Monthly Income
- $13,225
- Insurance Expenses
- $6,528
- Water/Sewer/Garbage Expenses
- $19,805
- Gross Rent Multiplier
- 10.3
- Total Expenses
- $43,658
- Cap Rate
- 5.9
- Vacancy Rate
- 28
- Total Number of Units
- 14
- Unit Name
- 301
- Potential Terms
- Cash, Conventional, See Remarks
- Year Built
- 1923
- View
- Territorial
- Roof
- Torch Down
- Site Features
- Cable TV, High Speed Internet
- Electric Expenses
- 8335
- Energy Source
- Electric
- School District
- Aberdeen
- Elementary School
- Mcdermoth Elem
- Middle School
- Miller Jnr High
- High School
- J M Weatherwax High
- Total Monthly Income
- $13,225
- Gross Scheduled Income
- $115,800
- Vacancy Rate
- 28
- Gross Adjusted Income
- $115,800
- Tax Year
- 2026
- Insurance Expense
- $6,528
- W/S/G Expenses
- $19,805
- Total Expenses
- $43,658
- Net Operating Income
- $67,840
- Gross Rent Multiplier
- 10.3
- Cap Rate
- 5.9
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.