517 Emerson Avenue
Hoquiam, WA 98550
Map
- – beds
- – baths
- 7,048 sqft
- 10,560 sqft lot
- $168 per sqft
- 1906 build
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.
Last checked:
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Last updated Jun 12, 2025
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MLS# 2388888 —
The Building
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Year Built:1906
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Year Built:1906
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Year Built Source:Public Records
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New Construction:false
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Structure Type:Multi Family
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Roof:Composition
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Foundation Details:Pillar/Post/Pier
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Exterior Features:Wood
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Units In Building Total:9
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# of Units Total:9
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Stories Total:2
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Building Area Total:7048
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Building Area Units:Square Feet
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Calculated SqFt:7048
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SqFt Source:Public Records
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Construction Materials:Wood
Interior
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Fireplace:false
Financial & Terms
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Possession:Subject to Tenant Rights
Location
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Latitude:46.98125
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Longitude:-123.890858
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Directions:Starting in Aberdeen head towards Ocean Shores, after turning on Emerson Property is 3 blocks down on the right.
The Property
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Property Type:Residential Income
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Property Subtype:Multi Family
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Parcel Number:053400701300
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Lot Features:Sidewalk
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Lot Size Units:Square Feet
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Lot Size Dimensions:10560
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Lot Size Acres:0.2424
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Lot Size SqFt:10560
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Lot Size Source:Public Records
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Zoning Jurisdiction:City
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View:false
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Waterfront:false
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Irrigation Water Rights:false
Listing Agent
- Contact info:
- Agent phone:
- (360) 470-0354
- Office phone:
- (360) 470-0354
Taxes
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Tax Year:2025
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Tax Annual Amount:6195.06
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Cooling:false
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Heating:true
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Cooling:None
Utilities
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Water Company:City Of Hoquiam
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Water Source:Public
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Sewer:Sewer Connected
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Sewer Company:City Of Hoquiam
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Power Company:Grays Harbor Pud
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Water Sewer Garbage:11533.96
Schools
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Elementary School:Buyer To Verify
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Middle Or Junior School:Buyer To Verify
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High School:Buyer To Verify
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High School District:Hoquiam
The Community
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Subdivision Name:West Hoquiam
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Amenities:Coin Op Laundry
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Senior Community:false
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Association:false
Parking
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Parking Total:8
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Parking Uncovered Spaces:8
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Open Parking:true
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Open Parking Spaces:8
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Carport:false
Listing courtesy of NWMLS / Better Properties Grays Harbor
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/6/25
Jun 6, 2025
|
Listed / Active | NWMLS | $1,189,000 | 69.9% (23.7% / YR) |
|
6/24/22
Jun 24, 2022
|
NWMLS | $700,000 |
