517 Emerson Avenue, Hoquiam, WA 98550 - Photo 1

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$1,118,000 Just Listed

For Sale
Active
Multi-Family
Updated 12 hours ago

Listed by Thomas Hedlund | Better Properties Grays Harbor | (360) 470-0354

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Property Description

Turn-key 9-unit investment property in a convenient Hoquiam location, offering a 8.5% cap rate. Most units have been updated, one unit undergoing a refresh and will be rented soon. On-site coin-operated laundry adds additional revenue potential, Landlord storage spaces could potentially be converted to storage units or an additional 1 bedroom for extra income. Close to schools, services, and major routes for easy access. Two units, one 2 bedroom and 1 one bedroom could have floorplan changed to add a bedroom to each for increased cash flow.

Full Property Details

Full Property Details for 517 Emerson Ave

General

Price: $1,118,000
Taxes: $6,600 (2026)
Status: Active
Type: Multi-Family
Source: NWMLS
MLS ID: 2486273
Updated: 3/1/2026
Added to Site: 1 day(s) ago

Interior

Flooring: Laminate, Carpet

Parking

Uncovered Spaces: 7

Location

Area: 197 - Hoquiam
County: Grays Harbor
Subdivision: West Hoquiam
Driving Directions: Heading towards Ocean Shores, property is on the right 517 and 525 Emerson Ave Hoquiam.

School Information

High School District: Hoquiam

Heating & Cooling

Cooling Type: None
Heating Type: Wall Unit(s)

Utilities

Sewer: Sewer Connected

Structural Information

Structure Type: Multi Family
Exterior Const.: Wood
Foundation: Pillar/Post/Pier
Roof: Composition
Stories in Building: 2
Square Feet: 6,360
Year Built: 1906
Property Condition: Fair

Unit Information

Units in Building: 9

Lot Features

Lot Size (Acres): 0.24
Lot Size (Sq. Ft.): 10,454
Lot Size Source: Public Records
Lot Features: Paved, Sidewalk
Zoning: Multi-Family

Financial Considerations

Tax Amount: $6,600.94
Tax Year: 2026
Terms: Cash

Disclosures and Reports

Special Conditions: None
Property ID: 53400701300

Listed by Thomas Hedlund | Better Properties Grays Harbor | (360) 470-0354

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Schools

Schools serving 517 Emerson Ave

School District:Hoquiam School District

Name	Grades	Distance
Central Elementary School, Hoquiam, WA 310 Simpson Avenue, Hoquiam, WA 98550	2-6	0.1 mi
Emerson Elementary School, Hoquiam, WA 101 West Emerson Avenue, Hoquiam, WA 98550	PK-1	0.6 mi
Lincoln Elementary School, Hoquiam, WA 700 Wood, Hoquiam, WA 98550	PK-6	0.7 mi
Hoquiam Middle School 200 Spencer Street, Hoquiam, WA 98550	6-8	0.7 mi
Hoquiam High School 501 West Emerson Avenue, Hoquiam, WA 98550	9-12	0.9 mi
Hoquiam Homelink School 2500 Simpson Avenue, Hoquiam, WA 98550	K-12	1.2 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 517 Emerson Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

3/01/2026

Listed

$1,118,000

59.71%

MLS

6/16/2022

Sold

$700,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 517 Emerson Ave

Year

Property Taxes

Change

Tax Assessment

Change

2024

$2,846

—

$657,513

150%

2024

$2,846

-2%

$263,051

—

2023

$2,908

—

$263,051

39%

2023

$2,908

13%

$189,547

—

2021

$2,564

18%

$189,547

22%

2020

$2,177

18%

$155,862

13%

2019

$1,844

-16%

$138,341

—

2017

$2,189

—

$138,341

-4%

2017

$2,189

-3%

$144,510

-6%

2016

$2,250

-2%

$152,970

—

2015

$2,293

-5%

$152,340

—

2014

$2,410

—

$152,340

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 517 Emerson Ave

517 Emerson Avenue, Hoquiam, WA 98550 (MLS# 2486273) is a Multi-Family property with 9 units containing 0 bedrooms and 0 full bathrooms. 517 Emerson Avenue is currently listed for $1,118,000 and was received on March 01, 2026. Want to learn more about 517 Emerson Avenue? Do you have questions about finding other Multi-Family real estate for sale in Hoquiam? You can browse all Hoquiam real estate or contact a Coldwell Banker agent to request more information.

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517 Emerson Ave Hoquiam, WA 98550