722 W State Street, Aberdeen, WA 98520
- $225,000
- 1,859
- SqFt
Listing courtesy of Spivey Realty Group, LLC.
- List Price
- $225,000
- Status
- ACTIVE
- MLS#
- 2579175
- Days on Market
- 2
- Style
- 52 - Duplex
- Finished SqFt
- 1,859
- Area Total SqFt
- 1859
- Annual Tax Ammount
- 2292.4
- Lot Size (sq ft)
- 6,534
- Sewer
- Sewer Connected
Property Description
Rare opportunity to own a duplex with flexibility for an owner-occupant or investment property! Built in 1900, this property offers approximately 1,860 sq ft between two units on a 6,500 sq ft lot. The updated lower unit features approximately 1,310 sq ft with 3 bedrooms, 1 bathroom, kitchen, dining area, laundry, and wood floors. The upper unit offers approximately 550 sq ft with 1 bedroom and 1 bathroom, with opportunity for additional cosmetic updates. A new roof adds to the improvements already completed. Estimated gross rents are approximately $2,100/month, with projected rents of $1,300 for the lower unit and $800 for the upper unit. Property is expected to be delivered vacant at closing, providing the next owner the opportunity to occupy a unit, place their own tenants, or establish new rental terms.
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Additional Information
- List Date
- 2026-09-16 17:43:15
- Community
- Aberdeen
- Net Operating Income
- $17,508
- Gross Adjusted Income
- $17,508
- Gross Scheduled Income
- $25,200
- Total Monthly Income
- $2,100
- Insurance Expenses
- $2,400
- Water/Sewer/Garbage Expenses
- $3,000
- Gross Rent Multiplier
- 8.93
- Total Expenses
- $7,692
- Cap Rate
- 7.78
- Total Number of Units
- 2
- Unit Name
- 722
- Potential Terms
- Cash, Conventional
- Year Built
- 1900
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Fully
- Energy Source
- Electric
- School District
- Aberdeen
- Total Monthly Income
- $2,100
- Gross Scheduled Income
- $25,200
- Gross Adjusted Income
- $17,508
- Tax Year
- 2026
- Insurance Expense
- $2,400
- W/S/G Expenses
- $3,000
- Total Expenses
- $7,692
- Net Operating Income
- $17,508
- Gross Rent Multiplier
- 8.93
- Cap Rate
- 7.78
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.