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Listed by:Riley Jackson Real Estate Inc. • Kayci Rebal

$1,100,000

Est. payment - /mo

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10 Beds

4 Baths

5,088 SqFt

Active

102 Garden Hill RD W Elma, WA 98541

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Ryan Born

ryan@born-realty.com +1(206) 498-0342

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,088 sqft

Price per Sqft $216

Subdivision Strawberry Hill

MLS Listing ID 2480941

Style 54 - 4-Plex

Bedrooms 10

Year Built 1979

Annual Tax Amount $8,558

Lot Size 8.990 Acres

Property Sub-Type Multi Family

Property Description

Exceptional investment and future development opportunity in Elma. Two duplexes (4 total rental units) situated across three adjoining parcels totaling 8.99 acres with GR – General Residential zoning.Current NOI of $40,281 with rents slightly below market, offering immediate upside through rent adjustments. Property is served by City water with septic systems in place; sewer connections are nearby (buyer to verify availability and capacity). No floodplain issues reported.Ample frontage on Garden Hill Rd provides strong access and potential layout flexibility for future development. Adjoining parcels include areas of commercial-grade alder timber, adding additional value components.Rare opportunity to acquire nearly 9 acres with in-place income — ideal for investors seeking land banking with cash flow or developers exploring subdivision potential. Shown by appointment only. Do not disturb tenants.

Location

State WA

County Grays Harbor

Area 200 - Elma

Interior

Flooring Vinyl, Carpet

Fireplace false

Exterior

Exterior Feature Wood, Wood Products

Garage Spaces 4.0

Amenities Available Cable TV, High Speed Internet

View Y/N Yes

View Territorial

Roof Type Composition

Building

Lot Description Paved, Secluded

Sewer Septic Tank

Water Public

New Construction No

Schools

School District Elma

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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Breakdown

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