$350,000
Est. $1,939/moPrice reduced $75,000 from the original $425,000 asking price
626 Monroe St, Hoquiam, WA 98550
• Listed Oct 10, 2026•10 days active · 10 cumulative
Listing Broker: Keller Williams Eastside; Mel White; 425-285-3200; melwhite@kw.com
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Listing Broker: Keller Williams Eastside; Mel White; 425-285-3200; melwhite@kw.com
About this home
Hoquiam fourplex offering a value-add investment opportunity with existing multifamily use and upside through renovation and repositioning. The property is currently vacant, allowing a new owner to complete improvements and re-lease the units without working around existing tenants. Foundation work is currently underway. Two of the four units have been remodeled, and the property also includes on-site coin-operated laundry. Situated on a quiet corner lot near bus lines, shopping, parks, and schools. Well suited for an investor looking to improve, stabilize, and operate a small multifamily asset in Hoquiam.
Listed by Mel White • Keller Williams Eastside
Listing updated: October 19, 2026 at 02:27pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2589733
Open houses
No upcoming open houses scheduled for this property.
Around this home
How much should you offer?
626 Monroe St, Hoquiam, WA 98550
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Layout
- 4-Plex
Flooring
- Vinyl
- Carpet
Heating & cooling
- Baseboard heating
- Wall Unit(s) cooling
Schools
Ratings via SchoolDiggerSchool information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.
Multi-family facts
As entered by the listing broker on Northwest MLS
Units
- Total units
- 4
- Units in building
- 4
- Units below grade
- false
Income & expenses
- Gross scheduled income
- $50,367
- Total monthly income
- $3,025
- Gross adjusted income
- $42,317
- Net operating income
- $18,850
- Cap rate
- 4.4%
- Gross rent multiplier
- 8.44
- Vacancy rate
- 25%
- Total expenses
- $23,467
- Insurance
- $5,337
- Electric
- $879
- Fuel
- $269
- Other expenses
- $7,368
- Water / sewer / garbage paid by
- 6153
Taxes & assessment
- Annual taxes
- $3,461
- Tax year
- 2025
- Financing
- Cash, Conventional, Owner Will Carry
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Down payment assistance
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
Source: program list compiled by RexMont from ARCH (A Regional Coalition for Housing) member-jurisdiction information. This is not Northwest MLS listing data.
Mortgage payment forecast
$2,315 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Ask about this home
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
Listing Broker: Keller Williams Eastside; Mel White; 425-285-3200; melwhite@kw.com
Market pulse
Hoquiam is a buyer's market.
Inventory is rising and homes are sitting longer. Buyers have room to negotiate.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: The average home sells for about 2% below list price.
Time on market: The average home goes pending in around 97 days.
Recent sales nearby
Within 1 mile · last 6 months$267,000 Sold
2 weeks ago
3 bd•1 ba•~1,080 sq ft•Single Family
411 11th Street, Hoquiam, WA 98550
3%
Over list
144
Days on market
0.8 mi
Distance
$497,000 Sold
3 weeks ago
3 bd•2 ba•~2,976 sq ft•Single Family
346 Lawrence Street, Hoquiam, WA 98550
0%
Over list
88
Days on market
0.5 mi
Distance
$190,000 Sold
4 weeks ago
4 bd•2.25 ba•~1,871 sq ft•Single Family
325 Wheeler Avenue, Hoquiam, WA 98550
3%
Under list
154
Days on market
0.6 mi
Distance
$30,000 Sold
5 weeks ago
2 bd•1.75 ba•Single Family
1900 Broadway #2, Hoquiam, WA 98550
25%
Over list
219
Days on market
0.8 mi
Distance
$425,000 Sold
6 weeks ago
4 bd•2.75 ba•~3,451 sq ft•Single Family
631 Chenault Avenue, Hoquiam, WA 98550
9%
Under list
114
Days on market
0.3 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Oct 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 20, 2026 at 11:33 AM PT (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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