1 of 22

Want to see similar homes for sale?

Listing courtesy of NWMLS / Keller Williams Rlty Bellevue. Bought with Pellego, Inc..

Ontario - 2425 Bay Avenue

Hoquiam, WA 98550

– beds
– baths
10,800 sqft
12,632 sqft lot
$92 per sqft
1978 build

More homes

This property comprises 12 two-bedroom, one-bath units, split between an 8-unit building and a 4-unit building on two tax parcels. Current rents are below market value, providing excellent potential for increased income with some like units already collecting $1275. The pro forma cap rate is estimated to exceed 10%!! with just some minor upgrades. It is conveniently located near public transit and shopping centers, enhancing tenant appeal. Additionally, its proximity to ocean beaches and Grays Harbor College adds to its attractiveness for potential renters. This is a prime opportunity for all investors to add to their portfolio.

Listing courtesy of NWMLS / Keller Williams Rlty Bellevue. Bought with Pellego, Inc..

Last checked: Checking… • Last updated Dec 17, 2024 •

MLS# 2294255 —

The Building

Year Built:

1978
New Construction:

false
Building Name:

Ontario
Structure Type:

Multi Family
Exterior Features:

Wood
Roof:

Composition
Units In Building Total:

12
Foundation Details:

Poured Concrete
# of Units Total:

12
Stories Total:

2
Building Area Total:

10800
Building Area Units:

Square Feet
Calculated SqFt:

10800
SqFt Source:

Realist

Interior

Interior Features:

Wall to Wall Carpet
Flooring:

Vinyl, Carpet
Fireplace:

false

Financial & Terms

Possession:

Closing, Tenant's Rights
Buyer Financing:

Conventional

Location

Latitude:

46.972758
Longitude:

-123.868123
Directions:

From Hoquiam Simpson Ave to Right on Ontario to Right on Pacific Ave to Left on 25th to Right at alley before Port Dock. From Aberdeen Sumner Ave to Left on Ontario follow the above directions.

The Property

Property Type:

Residential Income
Property Subtype:

Multi-Family
Parcel Number:

055205501600
Lot Number:

16 & 17
Lot Features:

Alley, Corner Lot, Curbs, Paved, Sidewalk
Lot Size Units:

Square Feet
Lot Size Dimensions:

100x126x100x126
Lot Size Acres:

0.29
Lot Size SqFt:

12632
Lot Size Source:

Realist
Zoning Class:

Multi-Family
View:

Territorial
View:

true
Waterfront:

false
Possible Use:

Multi-Family
Irrigation Water Rights:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

6290

The Listing

Special Listing Conditions:

None

Heating & Cooling

Cooling:

false
Heating:

true
Cooling:

None
Heating:

Baseboard

Utilities

Water Company:

City Of Hoquiam
Water Source:

Public
Sewer:

Sewer Connected
Sewer Company:

City Of Hoquiam
Power Company:

Grays Harbor Pud
Water Sewer Garbage:

24831

Schools

Elementary School:

Buyer To Verify
Middle Or Junior School:

Hoquiam Mid
High School:

Hoquiam High
High School District:

Hoquiam

The Community

Subdivision Name:

Hoquiam
Senior Community:

false
Association:

false

Parking

Parking Total:

14
Parking Uncovered Spaces:

14
Open Parking:

true
Open Parking Spaces:

14
Carport:

false

Listing courtesy of NWMLS / Keller Williams Rlty Bellevue. Bought with Pellego, Inc..

This "Three Trees" icon indicates a listing provided courtesy of NWMLS. Based on information submitted to the MLS GRID as of Sun Dec 22 2024 04:44 AM. 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. To submit a request for a takedown notice per the Digital Millennium Copyright Act (the “DMCA”) for any NWMLS listings please see these guidelines and follow the instructions provided.

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
12/17/24 Dec 17, 2024	Sold	NWMLS	$1,000,000	-16.6%
10/15/24 Oct 15, 2024	Pending	NWMLS	$1,199,000
9/24/24 Sep 24, 2024	Listed / Active	NWMLS	$1,199,000	139.8% (27.1% / YR)

Multifamily Sold on 12/17/2024

$1,000,000

Listing provided by broker:

Michael Durham

Keller Williams Rlty Bellevue

Newest listings in Hoquiam, WA

Similar sold homes

Listing courtesy of NWMLS / Keller Williams Rlty Bellevue. Bought with Pellego, Inc..

Disclaimer: The information contained in this listing has not been verified by Keller Williams Rlty Bellevue and should be verified by the buyer.

Ontario - 2425 Bay Avenue

Hoquiam, WA 98550