Strong income-producing opportunity in the heart of Aberdeen! This 8-unit multifamily property offers ~4,802 sq ft of rentable space and generates approximately $8,125/month in gross scheduled rental income, or $97,500 annually, with an estimated 9.97% cap rate and $59,707 NOI. The property features a mix of one- and two-bedroom units, many with updates throughout, plus on-site coin-operated laundry for additional income and storage. A substantial ~2,128 sq ft basement provides additional storage and utility space. Conveniently located near downtown Aberdeen, shopping, schools, and local amenities, this established multifamily asset offers strong existing income with additional value-add potential!
Active
Listed by: Spivey Realty Group, LLC • Kevin Spivey
$599,000
220 W 4th Street, Aberdeen, WA 98520
7beds
6baths
4,802sqft
Multi Family
Built in 1903
-- sqft lot
$-- Zestimate®
$125/sqft
$-- HOA
What's special
On-site coin-operated laundryMany with updates throughout
- --
- on Zillow
- 103
- views
- 9
- saves
Zillow last checked:
Listing updated:
Listed by:
Kevin Spivey,
Spivey Realty Group, LLC
Source: NWMLS as distributed by MLS GRID,MLS#: 2582435
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 6
Heating
- Fireplace Insert, Electric
Cooling
- None
Features
- Flooring: Laminate
- Has fireplace: No
Interior area
- Total structure area: 4,802
- Total interior livable area: 4,802 sqft
Property
Lot
- Size: 5,227 Square Feet
- Features: Paved, Sidewalk, Cable TV, High Speed Internet
Details
- Parcel number: 029303600801
- Zoning description: Multi-Family
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 5-9 Units
- Property subtype: Multi Family
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 1903
Utilities & green energy
- Electric: Company: Grays Habror PUD
- Sewer: Sewer Connected, Company: City of Aberdeen
- Water: Public, Company: City of Aberdeen
Community & HOA
Community
- Subdivision: Aberdeen
Location
- Region: Aberdeen
Financial & listing details
- Price per square foot: $125/sqft
- Tax assessed value: $509,294
- Annual tax amount: $4,577
- Date on market: 9/19/2026
- Listing terms: Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/19/2026 | Listed for sale | $599,000+49.8%$125/sqft |
Source:  NWMLS as distributed by MLS GRID #2582435 Report a problem | ||
| 7/25/2018 | Listing removed | $399,900$83/sqft |
Source: Premier Realty Oly Pen, Inc. #1283155 Report a problem | ||
| 7/25/2018 | Listed for sale | $399,900$83/sqft |
Source: Premier Realty Oly Pen, Inc. #1283155 Report a problem | ||
| 7/24/2018 | Sold | $399,900$83/sqft |
Source: NWMLS as distributed by MLS GRID #1283155 Report a problem | ||
| 5/18/2018 | Pending sale | $399,900$83/sqft |
Source: Premier Realty Oly Pen, Inc. #1283155 Report a problem | ||
| 5/3/2018 | Listed for sale | $399,900+566.5%$83/sqft |
Source: Premier Realty Oly Pen, Inc. #1283155 Report a problem | ||
| 4/15/2018 | Listing removed | $650 |
Source: Owner Report a problem | ||
| 4/10/2018 | Listed for rent | $650+13% |
Source: Owner Report a problem | ||
| 12/15/2016 | Listing removed | $575-11.5% |
Source: Owner Report a problem | ||
| 7/5/2016 | Listing removed | $650-3.7% |
Source: Owner Report a problem | ||
| 3/20/2016 | Listing removed | $675 |
Source: Owner Report a problem | ||
| 3/1/2016 | Listed for rent | $675 |
Source: Owner Report a problem | ||
| 5/7/2007 | Sold | $60,000$12/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,578 -16.9% | $509,294 -11.4% |
| 2024 | $5,508 +13.2% | $574,956 |
| 2023 | $4,864 -16.4% | $574,956 |
| 2022 | $5,821 +20.3% | $574,956 +38.5% |
| 2021 | $4,838 +1.2% | $415,086 +11.5% |
| 2020 | $4,779 +17.1% | $372,317 +18.1% |
| 2019 | $4,082 | $315,264 +28.8% |
| 2018 | $4,082 +19.6% | $244,701 +13.8% |
| 2017 | $3,413 -0.7% | $215,015 -4.4% |
| 2016 | $3,438 | $224,910 -3.7% |
| 2014 | $3,438 +0.8% | $233,620 -1.3% |
| 2013 | $3,412 +8.5% | $236,620 -1.4% |
| 2011 | $3,146 +2.1% | $240,000 |
| 2010 | $3,082 +192.4% | $240,000 |
| 2009 | $1,054 +1.8% | $240,000 +220% |
| 2008 | $1,035 | $75,000 |
| 2007 | $1,035 -4.7% | $75,000 |
| 2006 | $1,087 -35.6% | $75,000 |
| 2005 | $1,686 +2.8% | $75,000 -29.6% |
| 2004 | $1,640 | $106,470 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 98520
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