1913 Coolidge Rd - Apartments FOR SALE


Aberdeen, WA 98520
$3,000,000 USD
206-250-9655
1913 Coolidge Rd, Aberdeen, WA for Sale
$3,000,000 USD
Apartments - FOR SALE
1/9
null | 6.91% Cap Rate

1913 Coolidge Rd
Aberdeen, WA 98520


HIGHLIGHTS

  • Washer/Dryer Hook-ups in Every Unit
  • Large Floor Plans - All 2 Bed / 1 Bath Units
  • Significant Capital Updates Already Completed
  • Garden-Style Layout

OVERVIEW

Norseman Apartments is a well maintained 32-unit garden-style community built in 1979 at 1913 Coolidge Road in South Aberdeen, offering all two-bedroom, one-bath homes of approximately 840 square feet. Residents have quick access to US 12, major employers in Aberdeen and Hoquiam, and everyday conveniences near Grays Harbor College, the Bishop Center for Performing Arts, and the John Spellman Library, creating a practical and connected neighborhood setting. The property has received $654,470 in recent capital improvements, including roof replacements, siding replacements, foundation and framing repairs, and double-pane window replacements, along with various unit interior renovations. Every residence includes in-unit washer and dryer hookups, and with additional renovations there is a straightforward path to higher achievable rents while supporting stable occupancy.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$112 USD /SF

# OF UNITS

32

PRICE/UNIT

$93,750

CAP RATE

6.91%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Norseman Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.21 AC

LAND SF

52,500 SF

ZONING

RM

APN/PARCEL ID

014601101101

ASK ABOUT THIS PROPERTY

Reid JonesWestlake Associates, Inc.More Info
206-250-9655

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Reid JonesWestlake Associates, Inc.More Info
206-250-9655

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