Turnkey Aberdeen multifamily investment with immediate cash flow and additional upside! This fully occupied 7-unit property features six 1 bed/1 bath units and one 2 bed unit, generating approximately $6,920/month in gross rental income with an estimated 6.71% cap rate. Units 5 and 6 offer potential conversion to 2-bedroom layouts, plus a potential 8th one-bedroom unit is already framed in the basement for future completion. Significant improvements include a new roof in 2021, updates throughout the units, new commercial water heater and sewer line in 2023, extensive building and deck reinforcement, exterior paint in 2025, approximately $30k in plumbing repairs/replacements, and mostly updated electrical. Great opportunity for rent increases with upgrades throughout. Fully rented and turn-key with substantial improvements already completed. A unique opportunity to acquire a stabilized multifamily asset with strong existing income and additional value-add potential!
Active
Listed by: Spivey Realty Group, LLC • Kevin Spivey
$799,900
721 N K Street, Aberdeen, WA 98520
8beds
7baths
8,056sqft
Multi Family
Built in 1909
-- sqft lot
$-- Zestimate®
$99/sqft
$-- HOA
What's special
New commercial water heaterMostly updated electricalUpdates throughout the units
- --
- on Zillow
- 197
- views
- 7
- saves
Zillow last checked:
Listing updated:
Listed by:
Kevin Spivey,
Spivey Realty Group, LLC
Source: NWMLS as distributed by MLS GRID,MLS#: 2578576
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 7
Heating
- Wall Furnace, Electric
Cooling
- None
Features
- Flooring: Hardwood, Carpet
- Has fireplace: No
Interior area
- Total structure area: 8,056
- Total interior livable area: 8,056 sqft
Property
Parking
- Total spaces: 3
- Carport spaces: 3
Lot
- Size: 6,499 Square Feet
- Features: Curbs, Paved, Sidewalk, Deck
Details
- Parcel number: 029303800101
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 5-9 Units
- Property subtype: Multi Family
Materials
- Brick, Cement/Concrete
- Roof: Composition
Condition
- Year built: 1909
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: Aberdeen
Financial & listing details
- Price per square foot: $99/sqft
- Tax assessed value: $708,353
- Annual tax amount: $6,367
- Date on market: 9/9/2026
- Listing terms: Conventional
Estimated market value
Not available
Estimated sales range
Not available
$5,881/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/9/2026 | Listed for sale | $799,900+171.2%$99/sqft |
Source:  NWMLS as distributed by MLS GRID #2578576 Report a problem | ||
| 11/23/2020 | Sold | $295,000+84.4%$37/sqft |
Source: Public Record Report a problem | ||
| 11/16/1998 | Sold | $160,000$20/sqft |
Source: NWMLS as distributed by MLS GRID #37002406 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,367 +52.2% | $708,353 +62.2% |
| 2024 | $4,183 +13.2% | $436,634 |
| 2023 | $3,694 -16.4% | $436,634 |
| 2022 | $4,421 +20% | $436,634 +38.1% |
| 2021 | $3,685 +1% | $316,201 +11.2% |
| 2020 | $3,649 +16.5% | $284,305 +17.5% |
| 2019 | $3,132 | $241,921 +6.9% |
| 2018 | $3,132 -0.9% | $226,271 +13.6% |
| 2017 | $3,160 -0.7% | $199,097 -4.4% |
| 2016 | $3,182 | $208,155 -7.5% |
| 2014 | $3,182 +0.8% | $225,115 -1.3% |
| 2013 | $3,158 +4.3% | $228,115 -1.2% |
| 2011 | $3,028 +2.1% | $231,000 |
| 2010 | $2,966 +31.9% | $231,000 |
| 2009 | $2,248 +1.8% | $231,000 +44.4% |
| 2008 | $2,208 | $160,000 |
| 2007 | $2,208 -4.7% | $160,000 |
| 2006 | $2,318 -2.4% | $160,000 |
| 2005 | $2,376 +2.8% | $160,000 +6.7% |
| 2004 | $2,311 +4.5% | $150,000 |
| 2003 | $2,212 +3.7% | $150,000 |
| 2002 | $2,134 +1.1% | $150,000 |
| 2001 | $2,110 -4.7% | $150,000 +3.4% |
| 2000 | $2,214 | $145,025 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 98520
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