Turnkey 9-unit multifamily in prime location near schools, bus lines, and downtown shopping. Strong cash flow with low vacancy and great tenant history. Major renovations completed by previous owner, with refreshed units by current owner during turnovers. Excellent condition and curb appeal. Value-add potential with conversion of unused space into storage units, and possible reconfiguration of a 2-bed into a 3-bed and a 1-bed into a 2-bed. A rare, stable asset with upside in a high-demand rental market. This is a rare opportunity to own a well-maintained, centrally located building with both solid in-place numbers and clear upside for the next owner.
Active
Listed by:
Thomas Hedlund,
Better Properties Grays Harbor
$1,189,000
517 Emerson Avenue, Hoquiam, WA 98550
10beds
9baths
7,048sqft
Est.:
Multi Family
Built in 1906
-- sqft lot
$-- Zestimate®
$169/sqft
$-- HOA
What's special
Refreshed unitsCurb appealPrime location
- 66 days
- on Zillow |
- 168 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: June 11, 2025 at 05:43pm
Listed by:
Thomas Hedlund,
Better Properties Grays Harbor
Source: NWMLS,MLS#: 2388888

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 9
Heating
- Electric
Cooling
- None
Features
- Has fireplace: No
Interior area
- Total structure area: 7,048
- Total interior livable area: 7,048 sqft
Property
Parking
- Total spaces: 8
- Parking features: Open
- Uncovered spaces: 8
Lot
- Size: 10,558.94 Square Feet
- Dimensions: 10560
- Features: Sidewalk
Details
- Parcel number: 053400701300
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Roof: Composition
Condition
- Year built: 1906
- Major remodel year: 1906
Utilities & green energy
- Electric: Company: Grays Harbor PUD
- Sewer: Sewer Connected, Company: City of Hoquiam
- Water: Public, Company: City of Hoquiam
- Utilities for property: Comcast
Community & HOA
Community
- Subdivision: West Hoquiam
Location
- Region: Hoquiam
Financial & listing details
- Price per square foot: $169/sqft
- Tax assessed value: $263,051
- Annual tax amount: $6,195
- Date on market: 6/6/2025
- Listing terms: Cash Out
- Cumulative days on market: 66 days
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