Description
Situated in a quiet residential neighborhood, M Street Apartments is just a few blocks from Aberdeen's central commercial corridor and waterfront district. This 11-unit multifamily property is comprised of nine one-bedroom, one-bath units and two two-bedroom, one-bath unit. The one-bedroom units rent for an average of $845 per month, while the two-bedroom unit rents for $850. The building features a classic mid-century design and offers a stable income stream in a market with tightening vacancy rates. With modest unit finishes and rents below current market averages, there is value-add potential through interior renovations and strategic rent increases. Convenient access to shopping, dining, and public transportation.
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0BEDS
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0.15ACRES
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0BATHS
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01/2 BATHS
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7,435SQFT
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$99$/SQFT
Listing information ©2025 Northwest MLS. Listing courtesy of John L. Scott, Inc.
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Description
Situated in a quiet residential neighborhood, M Street Apartments is just a few blocks from Aberdeen's central commercial corridor and waterfront district. This 11-unit multifamily property is comprised of nine one-bedroom, one-bath units and two two-bedroom, one-bath unit. The one-bedroom units rent for an average of $845 per month, while the two-bedroom unit rents for $850. The building features a classic mid-century design and offers a stable income stream in a market with tightening vacancy rates. With modest unit finishes and rents below current market averages, there is value-add potential through interior renovations and strategic rent increases. Convenient access to shopping, dining, and public transportation.
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