Property Details

102 Garden Hill Road W
Elma, WA 98541
$679,999
MLS# 2480929 courtesy of NWMLS Listing firm: Riley Jackson Real Estate Inc.

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102 Garden Hill Road W, Elma, WA 98541, Elma

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102 Garden Hill Road W, Elma, WA 98541, Elma

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Multi-Family
Property Type
5,088
Bldg Sq Ft
4
Units
5.96%
Cap Rate
1979
Year Built

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
Listed By
Kayci Rebal
Riley Jackson Real Estate Inc.

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