721 N K Street, Aberdeen, WA 98520

Aberdeen
Local realty services provided by:Tucker Realty ERA Powered
Listed by: kevin spivey
Office: spivey realty group, llc.
MLS#:2578576
Source:NWMLS
721 N K Street,Aberdeen, WA 98520
$799,900
  • - Beds
  • - Baths
  • 8,056 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$799,900
  • Price per sq. ft.:$99.29

About this home

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!

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Home facts

  • Year built:1909
  • Subdivision & Development:Aberdeen
  • Listing ID #:2578576
  • Updated:October 29, 2026 at 11:35 AM

Rooms and interior

  • Flooring:Carpet, Hardwood
  • Living area:8,056 sq. ft.

Structure and exterior

  • Roof:Composition
  • Year built:1909
  • Building area:8,056 sq. ft.
  • Lot area:0.15 Acres
  • Lot Features:Curbed Lot, Paved, Sidewalk
  • Construction Materials:Brick Exterior Finish, Cement/Concrete Exterior Finish
  • Exterior Features:Deck

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$799,900
  • Price per sq. ft.:$99.29
  • Tax amount:$6,367 (2026)

Parking

  • Total parking spaces:3
  • Carport spaces:3
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