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7 Neilton Lane, Neilton, WA, 98566

8beds
4baths
3,472sqft
$365,000
$105price/sqft
$2,460/moest. monthly cost
$98,400/yrincome needed

About This Home

Attention investors! 4 unit building in Neilton WA that has not had a vacancy in Years and has below market rent. Fantastic income potential and close to lake Quinault. 4th Unit has an unfinished 3rd bedroom/ 2nd bath addition, rent was planned on being set at 1200. each unit right now has 2 bedrooms one bath up with kitchen, dining & living downstairs. W/D hook ups in kitchen. additional huge shed/ shop in back for additional storage / rental income

Getting Around

6
WalkingCar-Dependent
0
TransitVery Limited Transit
24
BikeSomewhat Bikeable

Schools

5/10
Lake Quinault SchoolGrades K-123.5 mi

Construction

Condition

  • Property condition: Fair
  • Year built: 1965

Materials

  • Foundation: Poured Concrete
  • Roof: Composition
  • Construction materials: Cement Planked,Cement Plank

Type & Style

  • Home type: MultiFamily
  • Architectural style: 4-Plex
  • Property subType: Quadruplex

Interior

Features

  • Flooring: Laminate,Carpet

Heating & Cooling

  • Heating features: Baseboard,Electric
  • Cooling features: None

Interior Area

  • Total structure area: 3,472
  • Total interior livable area: 3,472 sqft

Property

Details

  • Parcel number: 220907230080
  • Zoning description: Jurisdiction: County
  • Special condition: Standard

Lot

  • Lot size: 0.31 Acres
  • Features: Corner Lot

Parking

  • Total spaces: 13
  • Parking features: Open
  • Has uncovered spaces: Yes
  • Uncovered spaces: 13

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

  • Earthquake
    EarthquakeRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Ice Storm
    Ice StormModerate
  • Landslide
    LandslideModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Earthquake
Inland Flooding
Ice Storm
Landslide
Winter Weather

FEMA Declared Disasters in Grays Harbor County and Washington

Fire
Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

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

MonthlyAnnual
Mortgage $1,845$22,140
Home Insurance *$167$2,004
Property Taxes $211$2,532
Electricity $237$2,849
Total$2,460$29,520
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$84,342/yr
40% on housing$73,800/yr
45% on housing$65,600/yr

Washington FAIR Plan Programs

Washington FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 306Commercial: 55
Total Premiums$858,000
Total Exposure$176.33M

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.

Insurance Growth Rate5-year average: 8.3%
8.3%
0%30.0%
Electricity Growth Rate10-year average: 3.0%
3.0%
0%15.0%
Property Taxes Growth Rate2-year average: -0.2%
-0.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$105This listing

vs Other Active Listings

Avg $/sqft

ZIP 98566—
Grays Harbor County$227

vs Homes Sold Last Month

Median $/sqft

ZIP 98566—
Grays Harbor County$232

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

DateEventPrice
2025-12-12Listed for sale$375,000
2025-05-01Listing removed$375,000
2025-01-22Price change$375,000
2024-10-08Listed for sale$395,000
2021-02-05Sold$77,700
2018-01-18Sold$140,000
2005-05-06Sold$122,500

For Sale by Agent

AgentCandice Rambo
BrokerageCity Realty Inc.

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