James & Angie Smith

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Listing provided courtesy of Keller Williams Rlty BellevueNWMLSas Distributed by MLSGrid- MLS# NWM2538113MLS Provider

1020 J StreetHoquiam, WA 98550

Multi-Family · 12 Beds · 6,971 Sq. ft. | 0.14 Acres
$485,000 Active

1020 J Street Overview

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Aggressively priced 7-unit apartment building with a strong rental history and clear value-add upside. The property features four 2-bedroom units and three 1-bedroom units, offering a desirable mix of living spaces for tenants. Rents are currently below market, creating a strong opportunity for future rental increases and improved cash flow.The building also includes a garage that can be used as a shop, tenant storage, or additional income-producing space. Conveniently located near public transportation, shopping, and everyday amenities, this property offers both stability and upside potential for investors looking to maximize returns.

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1020 J Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 6,971
  • Price/Sq.ft. $70
  • Lot 0.14 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Hoquiam
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Hoquiam Mid
  • High School: Hoquiam High

Income/Expenses

  • Other Expense: 11000
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Scheduled Income: 75900
  • Insurance Expense: 3458
  • Net Operating Income: 43446
  • Total Expenses: 32454
  • Total Monthly Income: 75900
  • Water/Sewer/Garbage: 14984

Building Information

  • Building Name: Hoquiam Corr
  • New Construction: No
  • Year Built: 1929

Location/Region

  • Country: US
  • County Or Parish: Grays Harbor
  • MLS Area Major: 197 - Hoquiam
  • Subdivision Name: Hoquiam

Tax Information

  • Tax Annual Amount: $3,012.00
  • Tax Year: 2025

General Information

  • Listing Terms: Cash, Conventional
  • Parcel Number: 051806401400
  • Possible Use: Multi-Family
  • Property Condition: Good
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 1

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 6971
  • Building Area Units: Square Feet
  • Calculated Square Footage: 6971
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: Yes
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Laminate, Vinyl, Carpet
  • Foundation Details: Concrete Ribbon, Pillar/Post/Pier
  • Heating: Yes
  • Leasable Area: 6555
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Stories Total: 2

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 2
  • Parking Uncovered Total: 1

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • Lot Size Acres: 0.14
  • Lot Size Dimensions: 56x97x56x97
  • Lot Size Square Feet: 6098
  • Lot Size Units: Square Feet
  • Site Features: Cable TV
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Roof: Flat
  • Structure Type: Multi Family

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 1
  • Exterior Features: Wood
  • Number Of Units Total: 7
  • Sewer: Sewer Connected

Unit Information

Unit 1 Details

  • Actual Rent: 1000
  • Beds Total: 2
  • Baths Total: 1

Unit 7 Details

  • Actual Rent: 1200
  • Beds Total: 3
  • Baths Total: 1

Unit 4 Details

  • Actual Rent: 775
  • Beds Total: 1
  • Baths Total: 1

Unit 5 Details

  • Actual Rent: 800
  • Beds Total: 1
  • Baths Total: 1

Unit 6 Details

  • Actual Rent: 850
  • Beds Total: 2
  • Baths Total: 1

Unit 2 Details

  • Actual Rent: 850
  • Beds Total: 1
  • Baths Total: 1

Unit 3 Details

  • Actual Rent: 925
  • Beds Total: 2
  • Baths Total: 1

1020 J Street Neighborhood

Community

98550 (Hoquiam) Demographics

45
Median Age
44
Population Density (per sq. mile)
30%
College Educated
$46,622
Estimated Median Income
3,139
Estimated Total Home Owners
1,775
Estimated Total Renters
64% / 36%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1020 J Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1020 J Street Market Data

Based on the last 30 days in this zip code

$333,605
Average List Price
$194
Average Price per Square Foot
9
Properties Sold
114
Average Days on Market
96
Properties for Sale
Calculations provided by Reliance Network

1020 J Street History

Date Event Value Agent
6/18/2026Source: NWMLS Added to Database
June 18, 2026
6/20/2022Source: NWMLS Added to Database
June 01, 2021