Aberdeen 56-Unit Portfolio 2 Multifamily Properties Offered at $10,176,075 CAD in Aberdeen, WA

INTRODUCING THE NORSEMAN AND ALDER CREEK APARTMENTS - Can be purchased together as a portfolio, or separately.
The Norseman and Alder Creek Apartments, is a prime investment opportunity in Aberdeen, Washington. These two well-maintained, garden-style apartment communities total 56 units, each featuring spacious two-bedroom, one-bath layouts. Both assets have benefited from significant recent capital improvements and offer strong value-add potential through rent repositioning and light renovations.
Norseman Apartments is a well maintained 32-unit garden-style community built in 1979 at 1913 Coolidge Road in South Aberdeen, offering all two-bedroom, one-bath homes of approximately 840 square feet. Residents have quick access to US 12, major employers in Aberdeen and Hoquiam, and everyday conveniences near Grays Harbor College, the Bishop Center for Performing Arts, and the John Spellman Library, creating a practical and connected neighborhood setting. The property has received $589,604 in recent capital improvements, including roof replacements, siding replacements, foundation and framing repairs, and double-pane window replacements, along with various unit interior renovations. Every residence includes in-unit washer and dryer hookups, and with additional renovations there is a straightforward path to higher achievable rents while supporting stable occupancy.
Alder Creek Apartments is a six-building, garden-style community of 24 homes along West Marion Street in South Aberdeen, minutes to US 101 and US 12 and close to Grays Harbor College, Southshore Mall, and Swanson’s Supermarket. Each residence is a 900-square-foot two-bedroom, one-bath layout with a private deck, a walk-in closet off the primary bedroom, personal storage, and off-street parking, with coin-operated laundry serving each fourplex. The property has received $217,382 in recent capital improvements, including roof replacements (October 2024) exterior painting (September 2024), and asphalt paving replacement (May 2018). Professional management and consistent floor plans create a comfortable resident experience and support stable occupancy with a clear path for interior refreshes to further increase rents.