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!
Active
Listed by: Spivey Realty Group, LLC • Kevin Spivey
$999,500
201 N F Street, Aberdeen, WA 98520
1beds
11baths
7,442sqft
Multi Family
Built in 1925
-- sqft lot
$-- Zestimate®
$134/sqft
$-- HOA
What's special
Ample off-street parkingOversized walk-in closetsCorner lotLarge coin-operated laundry room
- 42 days
- 75
- 3
Zillow last checked:
Listing updated:
Listed by:
Kevin Spivey,
Spivey Realty Group, LLC
Source: NWMLS as distributed by MLS GRID,MLS#: 2551028
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 11
Heating
- Wall Furnace, Electric
Cooling
- None
Features
- Flooring: Vinyl Plank
- Has fireplace: No
Interior area
- Total structure area: 7,442
- Total interior livable area: 7,442 sqft
Property
Parking
- Total spaces: 11
- Uncovered spaces: 11
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 6,534 Square Feet
- Features: Curbs, Paved, Sidewalk
Details
- Parcel number: 011400301200
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 10+ Units
- Property subtype: Multi Family
Materials
- Wood Siding, Wood Products
- Foundation: Block
- Roof: Composition
Condition
- Year built: 1925
Utilities & green energy
- Electric: Company: Grays Harbor PUD
- Sewer: Sewer Connected, Company: City of Aberdeen
- Water: Public, Company: City of Aberdeen
Community & HOA
Community
- Subdivision: Aberdeen
Location
- Region: Elma
Financial & listing details
- Price per square foot: $134/sqft
- Tax assessed value: $635,180
- Annual tax amount: $5,993
- Date on market: 7/16/2026
- Cumulative days on market: 43 days
- Listing terms: Conventional
Estimated market value
Not available
Estimated sales range
Not available
$978/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/17/2026 | Listed for sale | $999,500+49.1%$134/sqft |
Source:  NWMLS as distributed by MLS GRID #2551028 Report a problem | ||
| 5/30/2024 | Sold | $670,200-0.7%$90/sqft |
Source: NWMLS as distributed by MLS GRID #2208053 Report a problem | ||
| 3/14/2024 | Pending sale | $675,000$91/sqft |
Source: NWMLS as distributed by MLS GRID #2208053 Report a problem | ||
| 3/8/2024 | Listed for sale | $675,000+206.8%$91/sqft |
Source: NWMLS as distributed by MLS GRID #2208053 Report a problem | ||
| 5/10/2018 | Sold | $220,000-15.4%$30/sqft |
Source: NWMLS as distributed by MLS GRID #1215416 Report a problem | ||
| 12/29/2017 | Pending sale | $260,000$35/sqft |
Source: Windermere Real Estate/Aberdeen #1215416 Report a problem | ||
| 11/7/2017 | Listed for sale | $260,000+135.3%$35/sqft |
Source: Windermere Real Estate/Aberdeen #1215416 Report a problem | ||
| 2/20/2008 | Sold | $110,500+10.5%$15/sqft |
Source: NWMLS as distributed by MLS GRID #28017737 Report a problem | ||
| 8/1/2007 | Sold | $100,000+3385.5%$13/sqft |
Source: Public Record Report a problem | ||
| 8/17/2005 | Sold | $2,869 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,085 +38.5% | $635,180 +22.3% |
| 2023 | $4,393 -16.4% | $519,378 |
| 2022 | $5,258 +19.9% | $519,378 +38% |
| 2021 | $4,386 +2% | $376,310 +12.3% |
| 2020 | $4,301 +15.7% | $335,068 +16.7% |
| 2019 | $3,716 | $287,023 -33.7% |
| 2018 | $3,716 -38.4% | $432,977 +13.8% |
| 2017 | $6,036 -0.8% | $380,317 -4.4% |
| 2016 | $6,082 | $397,870 +0.3% |
| 2014 | $6,082 +0.8% | $396,745 -1.3% |
| 2013 | $6,036 +15.1% | $401,945 +0.5% |
| 2011 | $5,243 +2.1% | $400,000 |
| 2010 | $5,136 +75.3% | $400,000 |
| 2009 | $2,930 +1.8% | $400,000 +91.8% |
| 2008 | $2,878 | $208,560 |
| 2007 | $2,878 -24.8% | $208,560 -21% |
| 2006 | $3,825 +46.4% | $264,000 |
| 2005 | $2,613 +2.8% | $264,000 +60% |
| 2004 | $2,542 +4.5% | $165,000 |
| 2003 | $2,433 +30.8% | $165,000 |
| 2002 | $1,859 +1.1% | $165,000 |
| 2001 | $1,839 -4.7% | $165,000 +30.6% |
| 2000 | $1,929 | $126,375 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 98520
Similar homes
- $800,0004 bd3 ba4.8k sqft1300 Bel Aire Avenue, Aberdeen, WA 98520Active
MLS ID #2546734, Travis Jelovich. NWMLS as distributed by MLS GRID - $560,0004 bd7 ba6k sqft711 N, Hoquiam, WA 98550Active
MLS ID #2479275, Kimberly Hawthorne. NWMLS as distributed by MLS GRID - $999,0004 bd3 ba4k sqft16, Ocean Shores, WA 98569Active
MLS ID #2564045, Marjie E. Southall. NWMLS as distributed by MLS GRID - $815,0003 bd5 ba3.7k sqft100 S 9th Street, Montesano, WA 98563Active
MLS ID #2488483, Jessie Stout. NWMLS as distributed by MLS GRID
