102 Garden Hill Road W, Elma, WA 98541

$679,999
5,088
SqFt

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Listing courtesy of Riley Jackson Real Estate Inc..

List Price
$679,999
Status
ACTIVE
MLS#
2480929
Price Change
▼ $19,901 1772682272
Days on Market
340
Style
54 - 4-Plex
Building Condition
Average
Finished SqFt
5,088
Area Total SqFt
5088
Annual Tax Ammount
6899
Internet Provider
Xfinity
Lot Size (sq ft)
62,726
Sewer
Septic Tank
Offer Review Date
2026-02-25

Property Description

Investment Opportunity – Updated Multi-Family Duplex Property with Development Potential Excellent opportunity to acquire a well-maintained multi-family asset consisting of two freestanding duplex buildings (4 units total) with an attractive mix of unit sizes and strong long-term upside. Each building includes: • One spacious 3BR / 1.5BA unit (~1,624 SF) • One 2BR / 1.5BA unit (~920 SF) The larger units feature functional layouts including a main-level bedroom and generous bonus living area, creating flexible living space that appeals to both owner-occupants and tenants. Recent Capital Improvements • Units #11 & #15: Fully remodeled within the past three years including updated kitchens, bathrooms, flooring, and interior paint. • Units #12 & #16: Partially updated with refreshed kitchens and newer flooring. • Property-Wide Improvements: Newer appliances, roofs, and water heaters across all units. Parking Each unit includes an attached private garage, a highly desirable feature for tenants and future resale value. Development Upside. Situated on a large lot with additional build potential, the property offers opportunities for further expansion or redevelopment. Investors may also purchase individually or combine with adjacent property (NWMLS #2433761) for a larger assemblage and expanded development possibilities. A compelling combination of current income, recent upgrades, and future development potential.

Additional Information

List Date
2025-08-20 23:58:10
Community
Strawberry Hill
Net Operating Income
$40,281
Gross Adjusted Income
$40,281
Gross Scheduled Income
$53,400
Total Monthly Income
$4,450
Insurance Expenses
$1,825
Water/Sewer/Garbage Expenses
$4,395
Gross Rent Multiplier
12
Total Expenses
$13,119
Cap Rate
5.96
Total Number of Units
4
Unit Name
102
Potential Terms
Cash, Conventional
Year Built
1979
View
Territorial
Roof
Composition
Site Features
Cable TV, High Speed Internet
Energy Source
Electric
School District
Elma
Total Monthly Income
$4,450
Gross Scheduled Income
$53,400
Gross Adjusted Income
$40,281
Tax Year
2025
Insurance Expense
$1,825
W/S/G Expenses
$4,395
Total Expenses
$13,119
Net Operating Income
$40,281
Gross Rent Multiplier
12
Cap Rate
5.96
Based on information submitted to the MLS GRID as of . 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.
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