LISTING DETAILS

1020 J Street

1020 J St Hoquiam WA 98550

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

Showing Instructions
Call Listing Agent	No
Use Discretion	No

Investment Information
Investment Prop	Yes
Gross Income	73,500
Vacancy Factor %	0.00%
Operating Expenses	32,454
Net Operating Income	41,046
CAP Rate	7.97 %

Detail Listing Information
Min Total SF	0 SF
Max Total SF	0 SF
Lease Rate Low	$ 0.00
Lease Rate High	$ 0.00

Retail Information
Signage	Signage on Building and Freestanding

Financial Summary
CAP Rate	7.970

Building Information
Building Status	Existing
# of Buildings	1
# of Floors	2
# of Units	7
Total Building SF	6,971 SF
Net Rentable Area	6,971 SF
Total Office SF	0 SF
Largest Contiguous SF	0 SF
Lot SF	6,098 SF
Acres	0.14
Year Built	1929
Year Renovated	2020

Property Type
Property Type	Multi-Family
Building Class	B

Location
County	Grays Harbor
Market Area	Grays Harbor
Tax ID #	051806401400
Zoning	Multi-Family

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

1020 J Street
1020 J St Hoquiam WA 98550

Listing #: 701270 | Status: Available | Listing Date: 8/14/2025 | Last Modified: 4/28/2026 | Email Listing

For Sale

1020 J Street

Listing Images