Active · Residential Income

721 N K Street , Aberdeen, WA 98520

Aberdeen, WA 98520

$799,900

— bedrooms · — bathrooms · 0 sq ft

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Listing provided by Spivey Realty Group, LLC · MLS #2578576 · Active

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About this property

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!

Property details

Property type: Multi Family
Year built: 1909
Lot size: 6,500 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $6,367 (2026)
Parking spaces: 3
School district: Aberdeen

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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