517 Emerson Avenue · Hoquiam, WA 98550
Source: NWMLS · Better Properties Grays Harbor · Thomas Hedlund #NWM2486273
About this home
Turn-key 9-unit investment property in a convenient Hoquiam location, offering a 9.86% cap rate. Most units have been updated, one unit undergoing a refresh and will be rented soon. On-site coin-operated laundry adds additional revenue potential, Landlord storage spaces could potentially be converted to storage units or an additional 1 bedroom for extra income. Close to schools, services, and major routes for easy access. One 2 bedroom could have floorplan changed to add a bedroom for increased cash flow.
Location
Basics
- Property type
- Multi Family
- Style
- 5-9 Units
- Stories
- 2 stories
- Condition
- Fair
- Year built
- 1906
- Building area
- 6,360 sq ft
- Lot size
- 10,454 sq ft (0.24 acres)
- County
- Grays Harbor
- MLS #
- NWM2486273
Interior
- Heating
- Wall Furnace
- Cooling
- None
- Flooring
- Laminate, Carpet
Exterior & lot
- Exterior features
- Wood
- Roof
- Composition
- Foundation
- Pillar/Post/Pier
- Lot features
- Paved, Sidewalk
- Waterfront
- No
Parking
- Parking spaces
- 7
Utilities
- Sewer
- Sewer Connected
- Power
- Electric
Community & fees
- Subdivision
- West Hoquiam
- Property tax
- $6,601 (2026)
Transaction
- Original list price
- $1,118,000 (19.5% price cut)
- Listed on
- Mar 1, 2026
- Days on market
- 203
- Listing terms
- Cash
- Possession
- Closing
More homes nearby
Sale history
Earlier listings of this home on the MLS.
- 2022-06-24
- Sold$700,000
- 2004-09-17
- Sold$140,000
Schools
School district: Hoquiam
- High
- Hoquiam High SchoolSchoolDigger 1 star · Top 75% in WA
Listing provided courtesy of: Better Properties Grays Harbor
Listing agent: Thomas Hedlund.
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 2026-09-17.