113 N Newell Street

Aberdeen, WA 98520

  • Bed

  • Bath

  • 2740 SqFt

  • 8 DOM

  • Built: 1972

  • Status: Active

$475,000

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113 N Newell Street

Aberdeen 98520

$475000

  • Bed

  • Bath

  • 2740 SqFt

  • 8 DOM

  • Built: 1972

  • Status: Active

Krishna Regupathy

Principal Broker

(503) 893-8874

Aberdeen Investment Opportunity! Rare 2,740 sq ft ~ 4-plex on the river! Well maintained and many recent renovations. Units 2 and 4 feature spacious decks overlooking the river—perfect for enjoying the views and abundant wildlife. Units 1 and 3 also have decks, but without river views. The property is ideally located near shopping and downtown. There is a four-car parking pad, previously with a carport, giving you the option to easily add covered parking again. Turn-key, professionally managed and ready for an easy hand-off to the next investor. 2 2-bed units, 2 1-bed units. Total gross income 4850/month! Cap rate of ~7.5% based on actual, not pro forma. Overall solid investment - set it and forget it!

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