About 517 Emerson Avenue
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.
Features of 517 Emerson Avenue
| MLS® # | 2388888 |
|---|---|
| Price | $1,189,000 |
| Price Per SqFt | $169 |
| Bathrooms | 0.00 |
| Square Footage | 7,048 |
| Acres | 0.24 |
| Year Built | 1906 |
| Type | Income |
| Sub-Type | Multi-Family |
| Status | Active |
Community Information
| Address | 517 Emerson Avenue |
|---|---|
| Area | 197 - Hoquiam |
| Subdivision | West Hoquiam |
| City | Hoquiam |
| County | Grays Harbor |
| State | WA |
| Zip Code | 98550 |
Amenities
| Parking Spaces | 8 |
|---|---|
| Is Waterfront | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 2 |
Exterior
| Exterior Features | Wood |
|---|---|
| Lot Description | Sidewalk |
| Foundation | Pillar/Post/Pier |
School Information
| District | Hoquiam |
|---|---|
| Elementary | Buyer To Verify |
| Middle | Buyer To Verify |
| High | Buyer To Verify |
Additional Information
| Days on Market | 15 |
|---|---|
| Cumulative Days on Market | 15 |
| Days on Website | 16 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Better Properties Grays Harbor |
|---|