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517 Emerson Avenue, Hoquiam, WA 98550

Hoquiam
Local realty services provided by:CENTURY 21 Van Dorm Realty
Listed by: thomas hedlund
Office: better properties grays harbor
MLS#:2486273
Source:NWMLS
517 Emerson Avenue,Hoquiam, WA 98550
$800,000
  • - Beds
  • - Baths
  • 6,360 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$800,000
  • Price per sq. ft.:$125.79

About this home

PRICED TO SELL AT $800,000! Now $318K below original list. Turn-key 9-unit investment property offering an approx. 11.1% cap rate at just $88,900 per door. A true cash-flow opportunity rarely found anywhere along the I-5 corridor. Most units have been updated, so a new owner steps into a stabilized, income-producing building rather than a renovation project. One unit is finishing a refresh and will be rent-ready soon. Mix of 1- and 2-bedroom apartments, each with its own kitchen and bath. On-site coin-op laundry adds a second income stream beyond rent. Built-in upside for value-add investors: landlord storage spaces could be converted to rentable storage units or an additional 1-bedroom apartment for a 10th door. One 2-bedroom has a floorplan that lends itself to adding a bedroom for increased cash flow. Laundry can be upgraded to card or app-pay to lift ancillary income. Set on a 10,454 sq ft lot in Hoquiam's R-2 High Density Residential zone, close to schools, services,...

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Home facts

  • Year built:1906
  • Subdivision & Development:West Hoquiam
  • Listing ID #:2486273
  • Updated:October 01, 2026 at 12:23 AM

Rooms and interior

  • Flooring:Carpet, Laminate
  • Living area:6,360 sq. ft.

Structure and exterior

  • Roof:Composition
  • Year built:1906
  • Building area:6,360 sq. ft.
  • Lot area:0.24 Acres
  • Lot Features:Paved, Sidewalk
  • Construction Materials:Wood Exterior Finish

Utilities

  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$800,000
  • Price per sq. ft.:$125.79
  • Tax amount:$6,601 (2026)

Parking

  • Total parking spaces:7
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of October 1, 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: Jeffrey Pust

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