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721 N K Street, Aberdeen, WA 98520

Aberdeen
Local realty services provided by:CENTURY 21 Lund, Realtors
Listed by: kevin spivey
Office: spivey realty group, llc.
MLS#:2578576
Source:NWMLS
721 N K Street,Aberdeen, WA 98520
$799,900
  • - Beds
  • - Baths
  • 8,056 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$799,900
  • Price per sq. ft.:$99.29

About this home

Turnkey Aberdeen multifamily investment with immediate cash flow and additional upside! This fully occupied 7-unit property features six 1 bed/1 bath units and one 2 bed unit, generating approximately $6,920/month in gross rental income with an estimated 6.71% cap rate. Units 5 and 6 offer potential conversion to 2-bedroom layouts, plus a potential 8th one-bedroom unit is already framed in the basement for future completion. Significant improvements include a new roof in 2021, updates throughout the units, new commercial water heater and sewer line in 2023, extensive building and deck reinforcement, exterior paint in 2025, approximately $30k in plumbing repairs/replacements, and mostly updated electrical. Great opportunity for rent increases with upgrades throughout. Fully rented and turn-key with substantial improvements already completed. A unique opportunity to acquire a stabilized multifamily asset with strong existing income and additional value-add potential!

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Home facts

  • Year built:1909
  • Subdivision & Development:Aberdeen
  • Listing ID #:2578576
  • Updated:September 13, 2026 at 11:43 AM

Rooms and interior

  • Flooring:Carpet, Hardwood
  • Living area:8,056 sq. ft.

Structure and exterior

  • Roof:Composition
  • Year built:1909
  • Building area:8,056 sq. ft.
  • Lot area:0.15 Acres
  • Lot Features:Curbed Lot, Paved, Sidewalk
  • Construction Materials:Brick Exterior Finish, Cement/Concrete Exterior Finish
  • Exterior Features:Deck

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$799,900
  • Price per sq. ft.:$99.29
  • Tax amount:$6,367 (2026)

Parking

  • Total parking spaces:3
  • Carport spaces:3
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of September 13, 2026. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved. NWMLS Member Broker: Greg Lund

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