721 N K Street, Aberdeen, WA 98520 (MLS # 2578576)

Listing provided courtesy of Northwest MLS; Spivey Realty Group, LLC

PRICE	$799,900
BEDS	0
BATHS	0
HOME SIZE	8,056 sqft
LOT SIZE	6,500 sqft

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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!

LAST UPDATED	9/9/2026	TRACT	Aberdeen
YEAR BUILT	1909	COMMUNITY	Aberdeen
COUNTY	Grays Harbor	STATUS	Active
PROPERTY TYPE(S)	Multi Family

ADDITIONAL DETAILS
AIR	None
AREA	198 - Aberdeen
BASEMENT	Yes
CONSTRUCTION	Brick
HEAT	Electric, Wall Furnace
LOT	6499 sq ft
LOT DESCRIPTION	Curbs, Paved, Sidewalk
MLS STATUS	Active
STORIES	3
STYLE	55 - 5-9 Units
SUBDIVISION	Aberdeen
TAXES	6367.26
UTILITIES	Sewer Connected
WATER	Public

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 9/9/26 7:02 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.

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