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(253) 209-4200
Real Estate Company
626 Monroe St, Hoquiam, WA 98550
- $425,000
Listing Broker: Keller Williams Eastside; Mel White; 425-285-3200; melwhite@kw.com
- List Price
- $425,000
- Status
- ACTIVE
- MLS#
- 2589733
- Days on Market
- 2
- Style
- 54 - 4-Plex
- Annual Tax Ammount
- 3461
- Lot Size (sq ft)
- 4,902
- Sewer
- Sewer Connected
Property Description
Hoquiam fourplex offering a value-add investment opportunity with existing multifamily use and upside through renovation and repositioning. The property is currently vacant, allowing a new owner to complete improvements and re-lease the units without working around existing tenants. Foundation work is currently underway. Two of the four units have been remodeled, and the property also includes on-site coin-operated laundry. Situated on a quiet corner lot near bus lines, shopping, parks, and schools. Well suited for an investor looking to improve, stabilize, and operate a small multifamily asset in Hoquiam.
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Additional Information
- List Date
- 2026-10-10 07:10:12
- Community
- Hoquiam
- Net Operating Income
- $18,850
- Gross Adjusted Income
- $42,317
- Gross Scheduled Income
- $50,367
- Total Monthly Income
- $3,025
- Insurance Expenses
- $5,337
- Water/Sewer/Garbage Expenses
- $6,153
- Gross Rent Multiplier
- 8.44
- Total Expenses
- $23,467
- Cap Rate
- 4.4
- Vacancy Rate
- 25
- Total Number of Units
- 4
- Unit Name
- 626
- Potential Terms
- Cash, Conventional, Owner Will Carry
- Year Built
- 1913
- Roof
- Composition
- Electric Expenses
- 879
- Other Expenses
- 7368
- Energy Source
- Electric, Natural Gas
- School District
- Hoquiam
- Total Monthly Income
- $3,025
- Gross Scheduled Income
- $50,367
- Vacancy Rate
- 25
- Gross Adjusted Income
- $42,317
- Tax Year
- 2025
- Insurance Expense
- $5,337
- W/S/G Expenses
- $6,153
- Total Expenses
- $23,467
- Net Operating Income
- $18,850
- Gross Rent Multiplier
- 8.44
- Cap Rate
- 4.4
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.