Listing courtesy of Riley Jackson Real Estate Inc.
$1,100,000
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… Read More 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. Read Less
Listing courtesy of Riley Jackson Real Estate Inc.
Listing Snapshot
Cumulative Days On Market
334
Days on Website
152
Last Updated
Property Type
Quadruplex
Square Ft.
5,088
Lot Size
8.99 Acres
Year Built
1979
Property Tax
$8,558
MLS Number
2480941
30 Days Snapshot Of 98541
$282k
-37%
(avg) sold price
10
-23%
homes sold
89
-2%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Building Area Total: 5088, Building Area Units: Square Feet, Calculated Square Footage: 5088, Elevation Units: Feet, Leasable Area: 5088, Living Area: 0, Number Of Units Total: 4, Stories Total: 1, Structure Type: Quadruplex, Units In Building Total: 4, Year Built: 1979, Year Built Effective: 1979
Property Condition: Average, Site Features: Cable TV, High Speed Internet, Zoning Description: Residential
Roof
Roof: Composition
Sewer
Sewer: Septic Tank, Sewer Company: Septic
Utilities
Electric Expense: 0, Fuel Expense: 0, Power Company: Grays Harbor PUD, Power Production Type: Electric, Water Company: City of Elma, Water Source: Public
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. Listings last updated on ,
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