$999,500
Est. $5,096/mo201 N F Street, Aberdeen, WA 98520
• Listed 2026-07-17•3 days on market
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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!
Listed by Kevin Spivey • Spivey Realty Group, LLC
Listing updated: July 20, 2026 at 10:31am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2551028
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201 N F Street, Aberdeen, WA 98520
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Aberdeen is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 20 days.
$115,000 Sold
2 weeks ago
4 bd•2 ba•~1,336 sq ft•Single Family
515 W 1st Street, Aberdeen, WA 98520
17%
Under list
—
Days on market
0.6 mi
Distance
$267,000 Sold
4 weeks ago
4 bd•2 ba•~2,450 sq ft•Single Family
1202 W Perry Street W, Aberdeen, WA 98520
8%
Under list
—
Days on market
0.8 mi
Distance
$255,000 Sold
5 weeks ago
3 bd•1 ba•~1,382 sq ft•Single Family
1250 N Broadway Street, Aberdeen, WA 98520
2%
Under list
—
Days on market
0.5 mi
Distance
$364,000 Sold
5 weeks ago
•Single Family
411 W 4th Street, Aberdeen, WA 98520
1%
Over list
—
Days on market
0.5 mi
Distance
$364,000 Sold
5 weeks ago
4 bd•1 ba•~3,437 sq ft•Single Family
411 W 4th Street, Aberdeen, WA 98520
1%
Over list
—
Days on market
0.5 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
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Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jul 2026
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