Turn-key 9-unit investment property in a convenient Hoquiam location, offering a 8.5% 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. Two units, one 2 bedroom and 1 one bedroom could have floorplan changed to add a bedroom to each for increased cash flow.
Active
Listed by: Better Properties Grays Harbor • Thomas Hedlund
Price cut: $118K (6/9)
$1,000,000
517 Emerson Avenue, Hoquiam, WA 98550
11beds
9baths
6,360sqft
:
Get pre-qualified$6,195/mo
Multi Family
Built in 1906
-- sqft lot
$-- Zestimate®
$157/sqft
$-- HOA
What's special
On-site coin-operated laundry
- 149 days |
- 72 |
- 4 |
Zillow last checked:
Listing updated:
Listed by:
Thomas Hedlund,
Better Properties Grays Harbor
Source: NWMLS as distributed by MLS GRID,MLS#: 2486273
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 9
Heating
- Wall Furnace, Electric
Cooling
- None
Features
- Flooring: Laminate, Carpet
- Has fireplace: No
Interior area
- Total structure area: 6,360
- Total interior livable area: 6,360 sqft
Property
Parking
- Total spaces: 7
- Uncovered spaces: 7
Lot
- Size: 10,454 Square Feet
- Features: Paved, Sidewalk
Details
- Parcel number: 053400701300
- 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
- Roof: Composition
Condition
- Fair
- Year built: 1906
- Major remodel year: 1906
Utilities & green energy
- Electric: Company: Grays Harbor PUD
- Sewer: Sewer Connected, Company: City of Hoquiam
- Water: Company: City of Hoquiam
Community & HOA
Community
- Subdivision: West Hoquiam
Location
- Region: Hoquiam
Financial & listing details
- Price per square foot: $157/sqft
- Tax assessed value: $657,513
- Annual tax amount: $6,600
- Date on market: 2/28/2026
- Cumulative days on market: 151 days
Estimated market value
Not available
Estimated sales range
Not available
$1,257/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/9/2026 | Price change | $1,000,000-10.6%$157/sqft |
Source:  NWMLS as distributed by MLS GRID #2486273 Report a problem | ||
| 3/2/2026 | Listed for sale | $1,118,000+59.7%$176/sqft |
Source: NWMLS as distributed by MLS GRID #2486273 Report a problem | ||
| 6/24/2022 | Sold | $700,000+430.3%$110/sqft |
Source: NWMLS as distributed by MLS GRID #1961151 Report a problem | ||
| 6/28/2019 | Sold | $132,000+25.7%$21/sqft |
Source: Public Record Report a problem | ||
| 11/15/2011 | Sold | $105,000+5%$17/sqft |
Source: Public Record Report a problem | ||
| 1/19/2007 | Sold | $100,000$16/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,195 +117.7% | $657,513 +150% |
| 2023 | $2,846 -2.2% | $263,051 |
| 2022 | $2,908 +20.7% | $263,051 +38.8% |
| 2021 | $2,409 -6.1% | $189,547 |
| 2020 | $2,564 +17.8% | $189,547 +21.6% |
| 2019 | $2,177 | $155,862 +12.7% |
| 2018 | $2,177 -1% | $138,341 |
| 2017 | $2,199 +0.5% | $138,341 -4.3% |
| 2016 | $2,189 | $144,510 -5.1% |
| 2014 | $2,189 -2.7% | $152,340 |
| 2013 | $2,250 -30.8% | $152,340 -38.4% |
| 2011 | $3,250 +0.4% | $247,500 |
| 2010 | $3,238 +7.5% | $247,500 |
| 2009 | $3,012 +49.8% | $247,500 |
| 2008 | $2,011 | $247,500 +66.7% |
| 2007 | $2,011 -12.4% | $148,500 |
| 2006 | $2,297 +1.2% | $148,500 |
| 2005 | $2,270 +32.5% | $148,500 |
| 2004 | $1,714 +2.2% | $148,500 +29.1% |
| 2003 | $1,676 +2.6% | $115,000 |
| 2002 | $1,634 +3.1% | $115,000 |
| 2001 | $1,584 +49.7% | $115,000 |
| 2000 | $1,058 | $115,000 |
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: 98550
Nearby schools
GreatSchools rating
- 2/10Central Elementary SchoolGrades: 2-5Distance: 0.1 mi
- 3/10Hoquiam Middle SchoolGrades: 6-8Distance: 0.7 mi
- 3/10Hoquiam High SchoolGrades: 9-12Distance: 0.9 mi
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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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