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Harbor House Apartments 702 L St 18 Unit Apartment Building $1,725,000 ($95,833/Unit) 7.67% Cap Rate Hoquiam, WA 98550
Executive Summary
Harbor House Apartments is a well-maintained 18-unit garden-style community built in 1965 in Hoquiam. Offering two-bed, one-bed and studio unit floor plans, Residents have quick access to US-12, major employers in Hoquiam and Aberdeen, creating a practical neighborhood setting. The property has received over $37,000 in recent capital improvements.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,725,000 | Apartment Style | Low-Rise |
| Price Per Unit | $95,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.46 AC |
| Cap Rate | 7.67% | Building Size | 16,848 SF |
| Gross Rent Multiplier | 8.12 | No. Stories | 2 |
| No. Units | 18 | Year Built | 1965 |
| Property Type | Multifamily | Parking Ratio | 1.07/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | C2 | ||
| Price | $1,725,000 |
| Price Per Unit | $95,833 |
| Sale Type | Investment |
| Cap Rate | 7.67% |
| Gross Rent Multiplier | 8.12 |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 16,848 SF |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1.07/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | C2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $950.00 | 900 |
| 1+1 | 6 | $850.00 | 756 - 966 |
| 2+1 | 11 | $1,000 | 966 |
1 1
Fairly walkable
40/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 051804600101 | Total Assessment | $826,624 |
| Land Assessment | $85,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $741,624 | Tax Year | 2025 |
Property Taxes
Parcel Number
051804600101
Land Assessment
$85,000
Improvements Assessment
$741,624
Total Assessment
$826,624
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Harbor House Apartments | 702 L St
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