1020 J St - Apartments FOR SALE


Hoquiam, WA 98550
$515,000 USD
425-508-0934
1020 J St, Hoquiam, WA for Sale
$515,000 USD
Apartments - FOR SALE
1/11
null | 8.57% Cap Rate

1020 J St
Hoquiam, WA 98550


OVERVIEW

7-Unit Value-Add in High-Demand Area Rare chance to acquire a 7-unit apartment building with massive upside potential. This property is a true value-add — perfect for investors looking to quickly force appreciation and boost cash flow. The building has a solid roof and offers easy opportunities to add a laundry room and storage units for additional income. Two units are currently vacant intentionally, giving the new owner an immediate start on renovations without disrupting existing tenants. Current rents are well below market, with no rent increases in years. By renovating units and adjusting to market rates, a savvy investor could push the cap rate to **10%+** while enjoying long-term appreciation. Located in a consistently strong rental market with a proven waiting list for tenants, this property offers both stability and aggressive growth potential. The right improvements here can turn this into a high-performing, cash-generating asset in short order.

FOR SALE DETAILS

PRICE

$515,000 USD

PRICE/SF

$74 USD /SF

# OF UNITS

7

PRICE/UNIT

$73,571

CAP RATE

8.57%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1929

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,370 SF

ZONING

-

APN/PARCEL ID

051806401400

ASK ABOUT THIS PROPERTY

Michael DurhamKeller Williams-BellevueMore Info
425-508-0934

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Michael DurhamKeller Williams-BellevueMore Info
425-508-0934

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.