M Street Apartments is an 11-unit multifamily property located at 208 N M St, Aberdeen, WA 98520. Built in 1927, the property is comprised of nine one-bedroom, one-bath units and two two-bedroom, one-bath unit, totaling approximately 6,400 square feet of rentable living space. 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. Improvements such as updated flooring, cabinetry, fixtures, and appliances could command $100–$150 in additional monthly rent per unit, significantly enhancing the property’s revenue.

Situated in a quiet residential neighborhood, M Street Apartments is just a few blocks from Aberdeen’s central commercial corridor and waterfront district, providing residents with convenient access to shopping, dining, and public transportation. Major employers such as Harbor Regional Health, The Port of Grays Harbor, and Weyerhaeuser are all within a short commute. As affordability becomes a growing priority among renters, the Aberdeen market continues to benefit from increased demand and limited new supply—resulting in a sub-5% vacancy rate.

M Street Apartments presents an attractive opportunity for investors seeking stable cash flow, long-term upside through renovations, and a foothold in an increasingly resilient tertiary rental market.