803 Monroe Street, Hoquiam, WA, 98550
About This Home
Fantastic opportunity for first-time investors, house hackers, or anyone looking to build equity! This duplex offers excellent income potential in the heart of downtown Hoquiam. The upper unit features 3 bedrooms and 1 bathroom, while the lower unit offers 1 bedroom and 1 bathroom.Both units need updating and some sweat equity, making this a value-add opportunity priced to sell. With renovations, projected rental income is approximately $2,200–$2,300 per month, providing strong cash flow potential. Conveniently located near downtown shopping, restaurants, schools, parks, and local amenities, this property offers easy access to everything Hoquiam has to offer. Whether you're looking to live in one unit while renting the other or add a promising investment property to your portfolio, this duplex is full of upside and ready for your vision. Don't miss this chance to unlock its potential!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Good
- Year built: 1905
Materials
- Roof: Composition
- Construction materials: Wood Siding
Notable Dates
- Major remodel year: 1905
Type & Style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subType: Duplex,Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
Features
- Flooring: Laminate,Carpet
Heating & Cooling
- Heating features: Baseboard,Electric
- Cooling features: None
Interior Area
- Total structure area: 1,864
- Total interior livable area: 1,864 sqft
Property
Details
- Parcel number: 053601000700
- Zoning description: Jurisdiction: City
- Special condition: Standard
Features
- Has view: Yes
- View description: Territorial
Lot
- Lot size: 3,920 sqft
- Features: Corner Lot,Curbs,Paved,Sidewalk
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Coastal Flooding
- Earthquake
- Ice Storm
How This Home’s Risks Compare
FEMA Declared Disasters in Grays Harbor County and Washington
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $950 | $11,400 |
| Home Insurance * | $97 | $1,164 |
| Property Taxes | $145 | $1,740 |
| Electricity | $149 | $1,793 |
| Total | $1,341 | $16,092 |
Income You'd Need if You Spent...
Washington FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-31 | Listed for sale | $187,999 |
| 2021-06-16 | Sold | $130,000 |
| 2016-11-16 | Listing removed | $595 |
| 2014-04-08 | Listing removed | $550 |
| 2014-01-16 | Listed for rent | $550 |
| 2005-03-15 | Sold | $81,500 |
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