1225 Wheeler Avenue, Hoquiam, WA 98550
- $265,000
- 3,004
- SqFt
Listing courtesy of Spivey Realty Group, LLC.
- List Price
- $265,000
- Status
- ACTIVE
- MLS#
- 2579456
- Days on Market
- 1
- Style
- 53 - Tri-plex
- Finished SqFt
- 3,004
- Area Total SqFt
- 3004
- Annual Tax Ammount
- 2239.22
- Lot Size (sq ft)
- 4,356
- Sewer
- Sewer Connected
Property Description
Rare opportunity to own a fully occupied three-unit property with strong existing rental income! The property includes a 4 bedroom, 2 bathroom single-family residence and a separate duplex with two 2 bedroom, 1 bathroom units. The main residence offers approximately 1,575 sq ft and currently rents for $1,535/month. The duplex includes a lower and upper unit, each approximately 715 sq ft, currently renting for $1,100 and $1,095/month. Gross rents total approximately $3,730/month, with the single-family tenant paying their own utilities. Some upgrades have already been completed with additional opportunity for future improvements. A great opportunity for an investor looking for an income-producing property with three established units.
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Additional Information
- List Date
- 2026-09-18 15:45:15
- Community
- Hoquiam
- Net Operating Income
- $37,121
- Gross Adjusted Income
- $37,121
- Gross Scheduled Income
- $44,760
- Total Monthly Income
- $3,730
- Insurance Expenses
- $2,400
- Water/Sewer/Garbage Expenses
- $3,000
- Gross Rent Multiplier
- 5.92
- Total Expenses
- $7,639
- Cap Rate
- 14.01
- Total Number of Units
- 3
- Unit Name
- 1225
- Potential Terms
- Cash, Conventional
- Year Built
- 1911
- View
- Territorial
- Roof
- Composition
- Site Features
- Gas Available
- Energy Source
- Electric, Natural Gas
- School District
- Hoquiam
- Total Monthly Income
- $3,730
- Gross Scheduled Income
- $44,760
- Gross Adjusted Income
- $37,121
- Tax Year
- 2026
- Insurance Expense
- $2,400
- W/S/G Expenses
- $3,000
- Total Expenses
- $7,639
- Net Operating Income
- $37,121
- Gross Rent Multiplier
- 5.92
- Cap Rate
- 14.01
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.