Property Details
102 Garden Hill Road W
Elma, WA 98541
$679,999
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Property Overview
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.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Grays Harbor
Neighborhood
Strawberry Hill
Listed
Feb 18, 2026
Original Price
$699,900
Structure Type
Quadruplex
Parcel Number
618062741024
Tax & HOA
Annual Property Tax
$6,899 (2025)
Est. Monthly Tax
$575/mo
Financial Summary
Cap Rate
5.96%
Net Operating Income
$40,281
Gross Scheduled Income
$53,400
Gross Rent Multiplier
12.00
Total Expenses
$13,119
Building & Use
Building Sq Ft
5,088
Leasable Area
5,088 sqft
Total Units
4
Lot Size
1.44 acres
Year Built
1979
Exterior & Lot
Lot Size
1.44 sqft
Year Built
1979
Garage
4 spaces
Exterior Materials
Wood
Sewer
Septic Tank
Water Source
Public
Lot Features
Open Space, Paved, Secluded
Exterior Features
Wood Products
Community & Access
Directions
From Main St. Elma North on N 11th Ave, left on Wakefield, right on 12th St, Right on Harding to stop sign, left on Garden Hill Rd., First driveway on your right.
Location
City
Elma
County
Grays Harbor
Coordinates
47.01662, -123.41280
Additional Information
Tax Year
2025
Annual Taxes
$6,899
Possession
Array
