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No HOA
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Listed by: Kevin Spivey (360) 589-1785 | Spivey Realty Group, LLC (360) 519-6886
$799,900
Monthly Est:$3,981
8 Beds
7 Baths
8,056sqft
721 N K St, Aberdeen, WA 98520
$799,900
$3,981/moEst:
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Multi Family
Built in 1909
$-- HOA
6,500 sqft lot
$99/sq.ft
Description
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!
- Houzeo last checked: 12 hours ago
- Listing updated: September 25, 2026 at 1:14 am
- Source: Northwest Multiple Listing Service | MLS#: NWM2578576
Property Details
Status
Active
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
--
Year Built
1909
HOA Fees
-
Finished Area
8,056 sqft
Lot Size
6,500 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2578576
MLS Status
Active
Days on Market
22
Cumulative Days on Market
22
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 7
Interior
Flooring
Hardwood, Carpet
Exterior Features
Brick, Cement/concrete
Sewer
Sewer Connected
Heating
Wall Furnace
Cooling
None
Construction
Year Built
Year Built: 1909
Home type
Multi Family
Roof
Composition
Construction Materials
Brick, Cement
Utilities & Energy
Water Source
Public
Other Features
Lot Features
Curbs, Paved, Sidewalk
Subdivision Name
Aberdeen
Price History
| Date | Event | Price |
|---|---|---|
09/09/2026 Source: | Listed for Sale | $799,900 $99/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 01, 2026, 02:47PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.
IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
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