Active · Residential Income

201 N F Street , Aberdeen, WA 98520

Aberdeen, WA 98520

$949,900

— bedrooms · — bathrooms · 0 sq ft

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Listing provided by Spivey Realty Group, LLC · MLS #2551028 · Active

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About this property

Turnkey Aberdeen multifamily investment with immediate cash flow! The best deal on market with a 9.09% cap rate! The Cambridge Apartments features 11 units totaling ~7442 sq ft on a centrally located corner lot near downtown. The unit mix includes one 1 bed/1 bath and ten studio units, many with oversized walk-in closets that provide added flexibility for tenants. Professionally managed and fully occupied, the property currently generates approximately ~$10,307/month in gross rental income with an estimated 9.09% cap rate. Residents enjoy a large coin-operated laundry room and ample off-street parking. Recent improvements include electrical, plumbing, flooring, water heaters, and more. The property is professionally managed and benefits from regular professional cleaning and ongoing maintenance. Potential to create two additional units by utilizing the unfinished attic space and reconfiguring the existing laundry room. Managed by local PM company, Rentals by Spivey. A rare opportunity to step into a stabilized asset with strong income today and additional upside for the future!

Property details

Property type: Multi Family
Year built: 1925
Lot size: 6,534 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $5,994 (2026)
Parking spaces: 11
School district: Aberdeen

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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