Investment Overview

The 121 W 3rd Apartments is an eight-unit, garden style apartment building located at 121 W 3rd St, Aberdeen, WA 98520. Built in 1903, this three-story building totals 5,554 square feet and is comprised of two studio, five one-bed/one-one bath and one two-bed/one bath floorplans. This property had been extensively renovated in 1995 and now boasts clean, well-maintained living spaces which offer tenants amenities such as dishwashers, LVP flooring, microwaves and washer and dryer hookups in each unit. This charming building sits in a park-like grounds, creating an inviting atmosphere for tenants to enjoy. The 121 W 3rd St apartments is conveniently located just blocks from downtown Aberdeen, with access to numerous local employers, retailers, restaurants, and entertainment options. Within a ten-minute drive, tenants can easily commute to the areas major employers including The Port of Grays Harbor, Grays Harbor Community College, Grays Harbor Community Hospital, and the Aberdeen School District. As large portions of the population are increasingly mobile, the flight to affordability has increased demand for rental properties in secondary and tertiary markets, resulting vacancy rates that currently sit around 3.8% in Aberdeen, which is near historic lows. Take advantage of this property’s considerable in-place cashflow, established tenant base and prime location, perfectly poised to capitalize on Aberdeen’s low vacancy rate.