721 N K Street
Aberdeen, WA 98520
$799,900
MLS# NWM2578576
8,056
Sq Ft
0.1492
Acres
9
Days Listed
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!
Listing Updated: Sep 14, 2026, 6:41 PM UTC
Photos Updated: Sep 9, 2026
OnSite last checked: Sep 17, 2026, 8:53 PM UTC|Source: NWMLS as Distributed by MLS Grid #NWM2578576
Listing provided courtesy of Northwest MLS. Information contained herein is derived from different sources but has not been independently verified by OnSite Real Estate Group, MLS Grid, or the MLS, and should be verified by the buyer. 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 or agent presenting the information.
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Listed By
Questions? Contact OnSite
André Bohall
WA Lic. #25031564 · OnSite Real Estate Group
Listing data provided by NWMLS as distributed by MLS Grid. Data last refreshed: Sep 17, 2026, 8:53 PM UTC.
Based on information submitted to the MLS Grid as of Thu, Sep 17, 2026. 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, that it may not be used for any purpose other than to identify prospective properties 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.
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