Four duplexes offering eight 2-bedroom, 1-bathroom units, each with a private one-car garage. Ideal for long-term tenants in a desirable small-town setting. Strong Financials Annual Gross Income: $140,000 Cap Rate: 6.7% Recent roofs (approx. 5 years old) minimize near-term capex. Efficient duplex layout supports easy management and tenant privacy. Prime Location Elma provides rural charm with convenient access to Olympia (~30 miles), outdoor recreation, parks, and local amenities. Steady rental demand in an affordable market makes this a reliable cash-flowing asset. Perfect for investors seeking immediate income, low maintenance, and long-term appreciation. Turnkey opportunity with strong upside potential. Contact us today for full details, rent roll, and showing. Serious inquiries only.
| MLS # | 2553817 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1978 |
| Days On Site | 67 |
| Listing Provided By | Abbey Realty Inc | Joshua Abbey |
| SQ Feet | 6,688 |
|---|---|
| Garage | 8 |
| Story(s) | 1 |
| Units | 8 |
| Acreage | 1.13 |
| Property View | Yes |
| Property | 7615 |
|---|
| State | WA |
|---|---|
| County | Grays Harbor |
| City | Elma |
| Zip Code | 98541 |
| Area | 200 Elma |
| Community Name | Garden Hill |
| Listing VS Median (in Garden Hill) | |
Price: $1,600,000 low | high Med: $1,032,450 sqft: 6,688 low | high Med: 4,104 $ / sqft: $239 low | high Med: $273 On site: 67 low | high Med: 75 | |
| State | WA |
|---|---|
| County | Grays Harbor |
| City | Elma |
| Zip Code | 98541 |
| Area | 200 Elma |
| Community Name | Garden Hill |
| Listing VS Median (in Garden Hill) | |
Price: $1,600,000 low | high Med: $1,032,450 sqft: 6,688 low | high Med: 4,104 $ / sqft: $239 low | high Med: $273 On site: 67 low | high Med: 75 | |