220 W 4th Street, Aberdeen, WA 98520
- $599,000
- 4,802
- SqFt
Listing courtesy of Spivey Realty Group, LLC.
- List Price
- $599,000
- Status
- ACTIVE
- MLS#
- 2582435
- Days on Market
- 278
- Style
- 55 - 5-9 Units
- Finished SqFt
- 4,802
- Area Total SqFt
- 4802
- Annual Tax Ammount
- 4577.96
- Lot Size (sq ft)
- 5,227
- Sewer
- Sewer Connected
Property Description
Strong income-producing opportunity in the heart of Aberdeen! This 8-unit multifamily property offers ~4,802 sq ft of rentable space and generates approximately $8,125/month in gross scheduled rental income, or $97,500 annually, with an estimated 9.97% cap rate and $59,707 NOI. The property features a mix of one- and two-bedroom units, many with updates throughout, plus on-site coin-operated laundry for additional income and storage. A substantial ~2,128 sq ft basement provides additional storage and utility space. Conveniently located near downtown Aberdeen, shopping, schools, and local amenities, this established multifamily asset offers strong existing income with additional value-add potential!
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Additional Information
- List Date
- 2025-12-15 19:13:12
- Community
- Aberdeen
- Net Operating Income
- $59,707
- Gross Adjusted Income
- $59,707
- Gross Scheduled Income
- $97,500
- Total Monthly Income
- $8,125
- Insurance Expenses
- $6,500
- Water/Sewer/Garbage Expenses
- $14,400
- Gross Rent Multiplier
- 6.14
- Total Expenses
- $37,792
- Cap Rate
- 9.97
- Total Number of Units
- 6
- Unit Name
- 220
- Potential Terms
- Cash, Conventional
- Year Built
- 1903
- Roof
- Composition
- Site Features
- Cable TV, High Speed Internet
- Electric Expenses
- 1200
- Other Expenses
- 11115
- Energy Source
- Electric
- School District
- Aberdeen
- Total Monthly Income
- $8,125
- Gross Scheduled Income
- $97,500
- Gross Adjusted Income
- $59,707
- Tax Year
- 2026
- Insurance Expense
- $6,500
- W/S/G Expenses
- $14,400
- Total Expenses
- $37,792
- Net Operating Income
- $59,707
- Gross Rent Multiplier
- 6.14
- Cap Rate
- 9.97
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.