2320 Simpson Avenue , Aberdeen, Wa 98520

WA, Aberdeen
$599,000
  • 3,038 Sqft
  • Residential Income Property Type
  • 1953 Year Built
  • Closed Status
Property Description

9-unit apartment building with tons of upside potential! Opportunity to increase rents to market rate, add coin-op laundry and rent out the attached garage or turn into storage lockers for additional income. 5 of the units have been recently updated. Electrical was updated, wall heaters have been installed in each unit, and a newer hot water system was installed. Building exterior was recently painted. 7 units are studios, 1 is a one-bedroom and 1 is a two-bedroom unit. 8.5% CAP RATE with proforma rents!!

Source: NWMLS
Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 2315016
  • Price: $599,000
  • Square Footage: 3,038 Sqft
  • Year Built: 1953
  • Lot Area: 0.13 Acre
  • Status: Closed
  • Office Name: KW Greater Seattle
  • Agent Name: Stacey A. Brower
  • Property Sub Type: Multi Family
  • Roof: Composition
Features
  • Heating System Baseboard
  • Cooling System None
  • Exterior Features Wood, Wood Products
  • Flooring Carpet, Vinyl, Laminate
  • Interior Features Laminate
  • Sewer Sewer Connected
Address Map
  • Country US
  • State WA
  • County Grays Harbor
  • City Aberdeen
  • Zipcode 98520
  • Street: Simpson
  • Street Number: 2320
  • Street Suffix: Avenue
  • Longitude: W124° 9' 15.4''
  • Latitude: N46° 58' 31.4''
  • Directions: On the NE corner of N Maple St & Simpson Ave.
  • Mls Area Major: 198 - Aberdeen
Neighborhood
  • Elementary School: A J West Elem
  • High School: J M Weatherwax High
  • High School District: Aberdeen
  • Middle School: Miller Jnr High
Additional Information
  • Lot Size Dimensions: 50' x 115'
  • Water Source: Public
  • Stories Total: 2
  • On Market Date: 2025-01-08
  • Number Of Units Total: 9
  • Lot Features: Paved, Curbs, Sidewalk, Alley, Corner Lot
  • Foundation Details: Pillar/Post/Pier
  • Construction Materials: Wood
Financial
  • Tax Annual Amount: 3181
Listing Information
  • Co List Agent Full Name: Kendra Todd
  • Co List Agent Mls Id: 83276
  • Co List Office Mls Id: 317
  • Co List Office Name: KW Greater Seattle
  • List Agent Mls Id: 39702
  • List Office Mls Id: 317
  • Listing Term: Cash Out,Conventional
  • Mls Status: Sold
  • Modification Timestamp: 2025-07-07T11:02:19Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2025-06-09T20:25:53Z
Rene  Orona
Rene Orona SKYLINE PROPERTIES, INC.
  • +1-425-891-8162
  • rene@brokerofrealestate.com
  • 50 116TH AVE SE STE 120 Bellevue, WA 98004, United States
  • +1-425-732-9211

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