$998,500
 $5,360 est/mo Sourced by Back At You

201 N F Street,Aberdeen, WA 98520

Aberdeen, WA 98520

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Description

Turnkey Aberdeen multifamily investment with immediate cash flow! The best deal on market with a 9.09% cap rate! The Cambridge Apartments features 11 units totaling ~7442 sq ft on a centrally located corner lot near downtown. The unit mix includes one 1 bed/1 bath and ten studio units, many with oversized walk-in closets that provide added flexibility for tenants. Professionally managed and fully occupied, the property currently generates approximately ~$10,307/month in gross rental income with an estimated 9.09% cap rate. Residents enjoy a large coin-operated laundry room and ample off-street parking. Recent improvements include electrical, plumbing, flooring, water heaters, and more. The property is professionally managed and benefits from regular professional cleaning and ongoing maintenance. Potential to create two additional units by utilizing the unfinished attic space and reconfiguring the existing laundry room. Managed by local PM company, Rentals by Spivey. A rare opportunity to step into a stabilized asset with strong income today and additional upside for the future!

Details

MLS #2551028
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1925
Days On Site69
Listing Provided BySpivey Realty Group, LLC | Kevin Spivey

Features

SQ Feet7,442
Story(s)3
Units11
Acreage0.15
Property ViewYes

Taxes

Property5993

Area Information

StateWA
CountyGrays Harbor
CityAberdeen
Zip Code98520
Area198 Aberdeen
Community NameAberdeen
Listing VS Median (in Aberdeen)
Price:
$998,500
low | high
Med:
$299,999
100% of Average
sqft:
7,442
low | high
Med:
1,444
100% of Average
$ / sqft:
$134
low | high
Med:
$208
4.84393890004% of Average
On site:
69
low | high
Med:
201
34.328358208955% of Average
Sourced by Back At You

Market Activity 98520

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Based on information submitted to the MLS GRID as of September 24, 2026 at 6:00:29 AM PDT. 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.

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Learn More About This Property

StateWA
CountyGrays Harbor
CityAberdeen
Zip Code98520
Area198 Aberdeen
Community NameAberdeen
Listing VS Median (in Aberdeen)
Price:
$998,500
low | high
Med:
$299,999
100% of Average
sqft:
7,442
low | high
Med:
1,444
100% of Average
$ / sqft:
$134
low | high
Med:
$208
4.84393890004% of Average
On site:
69
low | high
Med:
201
34.328358208955% of Average
Sourced by Back At You
Listing Updated: September 21, 2026 at 11:42:33 PM PDT
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