201 N F Street, Elma, WA, 98520
About This Home
Turnkey Aberdeen multifamily investment with immediate cash flow! The best deal on market with a 9.09% cap rate! The Cambridge Apartments features 11 units totaling ~7442 sq ft on a centrally located corner lot near downtown. The unit mix includes one 1 bed/1 bath and ten studio units, many with oversized walk-in closets that provide added flexibility for tenants. Professionally managed and fully occupied, the property currently generates approximately ~$10,307/month in gross rental income with an estimated 9.09% cap rate. Residents enjoy a large coin-operated laundry room and ample off-street parking. Recent improvements include electrical, plumbing, flooring, water heaters, and more. The property is professionally managed and benefits from regular professional cleaning and ongoing maintenance. Potential to create two additional units by utilizing the unfinished attic space and reconfiguring the existing laundry room. Managed by local PM company, Rentals by Spivey. A rare opportunity to step into a stabilized asset with strong income today and additional upside for the future!
Getting Around
Very Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1925
Materials
- Foundation: Block
- Roof: Composition
- Construction materials: Wood Siding,Wood Products
Type & Style
- Home type: MultiFamily
- Architectural style: 10+ Units
- Property subType: Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 11
Features
- Flooring: Vinyl Plank
Heating & Cooling
- Heating features: Wall Furnace,Electric
- Cooling features: None
Interior Area
- Total structure area: 7,442
- Total interior livable area: 7,442 sqft
Property
Details
- Parcel number: 011400301200
- Zoning description: Jurisdiction: City
- Special condition: Standard
Features
- Has view: Yes
- View description: Territorial
Lot
- Lot size: 6,534 sqft
- Features: Curbs,Paved,Sidewalk
Parking
- Total spaces: 11
- Uncovered spaces: 11
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
- Inland Flooding
- Ice Storm
- Tsunami
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 | $5,054 | $60,648 |
| Home Insurance * | $492 | $5,904 |
| Property Taxes | $767 | $9,204 |
| Electricity | $509 | $6,108 |
| Total | $6,822 | $81,864 |
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 |
|---|---|---|
| 2026-07-17 | Listed for sale | $999,500 |
| 2024-05-30 | Sold | $670,200 |
| 2024-03-14 | Pending sale | $675,000 |
| 2024-03-08 | Listed for sale | $675,000 |
| 2018-05-10 | Sold | $220,000 |
| 2017-12-29 | Pending sale | $260,000 |
| 2017-11-07 | Listed for sale | $260,000 |
| 2008-02-20 | Sold | $110,500 |
| 2007-08-01 | Sold | $100,000 |
| 2005-08-17 | Sold | $2,869 |
View on Zillow