201 N F Street · Aberdeen, WA 98520
Source: NWMLS · Spivey Realty Group, LLC · Kevin Spivey #NWM2551028
About this home
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!
Location
Basics
- Property type
- Multi Family
- Style
- 10+ Units
- Stories
- 3 stories
- Year built
- 1925
- Building area
- 7,442 sq ft
- Lot size
- 6,534 sq ft (0.15 acres)
- County
- Grays Harbor
- MLS #
- NWM2551028
Interior
- Heating
- Wall Furnace
- Cooling
- None
- Flooring
- Vinyl Plank
Exterior & lot
- Exterior features
- Wood, Wood Products
- Roof
- Composition
- Foundation
- Block
- Lot features
- Curbs, Paved, Sidewalk
- View
- Territorial
- Waterfront
- No
Parking
- Parking spaces
- 11
Utilities
- Water
- Public
- Sewer
- Sewer Connected
- Power
- Electric
Community & fees
- Subdivision
- Aberdeen
- Property tax
- $5,994 (2026)
Transaction
- Original list price
- $999,500 (0.1% price cut)
- Listed on
- Jul 17, 2026
- Days on market
- 64
- Listing terms
- Cash, Conventional
- Possession
- Closing
More homes nearby
Sale history
Earlier listings of this home on the MLS.
- 2024-05-30
- Sold$670,200
- 2018-05-10
- Sold$220,000
- 2008-02-20
- Sold$110,500
- 2005-08-16
- Sold$286,950
Schools
School district: Aberdeen
- High
- J M Weatherwax High SchoolSchoolDigger 1 star · Top 74% in WA
Listing provided courtesy of: Spivey Realty Group, LLC
Listing agent: Kevin Spivey.
Based on information submitted to the MLS GRID as of —. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Data last updated 2026-09-03.