1020 J St
Hoquiam WA 98550

1020 J Street

1020 J St Hoquiam WA 98550

Listing #: 701270 | Status: Available | Last Modified: 4/28/2026 |

For Sale
Michael Durham
  • Phone:(425) 508-0934
  • Email:Michael@360-re.com
  • Office Name:KW Commercial GSWA MCI LLC
  • Office Phone:(425) 454-0911
  • Office Website:
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 515,000.0
  • $/SF$ 73.9
  • $/Unit$ 515,000.0
  • Listing StatusAvailable
  • Days on Market262
  • Asset ClassMulti-Family
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income73,500
  • Vacancy Factor %0.00%
  • Operating Expenses32,454
  • Net Operating Income41,046
  • CAP Rate 7.97 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Financial Summary
  • CAP Rate 7.97 %
Associated Files
Building Information
  • Building StatusExisting
  • # of Buildings1
  • # of Floors2
  • # of Units7
  • # of Elevators
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF6971
  • Net Rentable Area6971
  • Total Office SF
  • Largest Contiguous SF
  • Lot SF6098
  • Acres0.14
Property Type
  • Property TypeMulti-Family
  • Office Type
  • Building ClassB
Location
  • CountyGrays Harbor
  • Vicinity
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaGrays Harbor
  • Tax ID #051806401400
  • Additional Parcels
  • ZoningMulti-Family
Construction
  • Year Built1929
  • Year Renovated2020
  • Completion Date
  • Roof Type
  • Construction Type

Public Comments

7-Unit Value-Add in High-Demand Area** Rare chance to acquire a 7-unit apartment building with massive upside potential. This property is a true value-add — perfect for investors looking to quickly force appreciation and boost cash flow. The building has a solid roof and offers easy opportunities to add a laundry room and storage units for additional income. Two units are currently vacant intentionally, giving the new owner an immediate start on renovations without disrupting existing tenants. Current rents are well below market, with no rent increases in years. By renovating units and adjusting to market rates, a savvy investor could push the cap rate to **10%+** while enjoying long-term appreciation. Located in a consistently strong rental market with a proven waiting list for tenan

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