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(253) 209-4200
Real Estate Company
2821 Simpson Avenue, Hoquiam, WA 98550
- $495,000
- 3,224
- SqFt
Listing Broker: COMPASS; Kenneth Patton; 425-894-8974; kenny@patton-re.com
- List Price
- $495,000
- Status
- ACTIVE
- MLS#
- 2567739
- Days on Market
- 6
- Style
- 54 - 4-Plex
- Finished SqFt
- 3,224
- Area Total SqFt
- 3224
- Annual Tax Ammount
- 3809
- Lot Size (sq ft)
- 6,098
- Sewer
- Sewer Connected
Property Description
Investment Opportunity in Hoquiam! This well-located 4-plex in Hoquaim offers an excellent opportunity for investors seeking strong rental potential and multiple income streams under one roof. The property features four separate residential units, providing built-in diversification and the potential for steady cash flow. Conveniently located in Hoquiam with easy access to local amenities, shopping, dining, schools, and major roadways. Whether you're an experienced investor looking to expand your portfolio or a first-time multifamily buyer, or House HACK this property offers an attractive opportunity to own a multi-unit asset in the growing Grays Harbor area. Explore the possibilities and capitalize on the income potential of this four-unit property.
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Additional Information
- List Date
- 2026-10-06 07:10:12
- Community
- Hoquiam
- Net Operating Income
- $42,799
- Gross Adjusted Income
- $64,800
- Gross Scheduled Income
- $64,800
- Total Monthly Income
- $5,400
- Insurance Expenses
- $5,280
- Water/Sewer/Garbage Expenses
- $12,912
- Gross Rent Multiplier
- 7.3
- Total Expenses
- $22,001
- Cap Rate
- 9.05
- Vacancy Rate
- 5
- Total Number of Units
- 4
- Unit Name
- 2821
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1977
- Roof
- Composition
- Energy Source
- Electric
- School District
- Hoquiam
- Total Monthly Income
- $5,400
- Gross Scheduled Income
- $64,800
- Vacancy Rate
- 5
- Gross Adjusted Income
- $64,800
- Tax Year
- 2026
- Insurance Expense
- $5,280
- W/S/G Expenses
- $12,912
- Total Expenses
- $22,001
- Net Operating Income
- $42,799
- Gross Rent Multiplier
- 7.3
- Cap Rate
- 9.05
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.