106 Garden Hill Road W, Elma, WA 98541
- $1,600,000
- 6,688
- SqFt
Listing courtesy of Abbey Realty Inc.
- List Price
- $1,600,000
- Status
- ACTIVE
- MLS#
- 2553817
- Days on Market
- 13
- Style
- 55 - 5-9 Units
- Finished SqFt
- 6,688
- Area Total SqFt
- 6688
- Annual Tax Ammount
- 7615
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 49,223
- Sewer
- Septic Tank
Property Description
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.
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Additional Information
- List Date
- 2026-07-16 17:07:34
- Community
- Garden Hill
- Net Operating Income
- $106,930
- Gross Adjusted Income
- $133,380
- Gross Scheduled Income
- $140,400
- Total Monthly Income
- $11,700
- Insurance Expenses
- $10,835
- Water/Sewer/Garbage Expenses
- $8,000
- Gross Rent Multiplier
- 11.4
- Total Expenses
- $26,450
- Cap Rate
- 6.7
- Vacancy Rate
- 5
- Total Number of Units
- 8
- Unit Name
- 106
- Potential Terms
- Cash, Conventional
- Year Built
- 1978
- View
- Territorial
- Roof
- Composition
- Energy Source
- Electric
- School District
- Elma
- Total Monthly Income
- $11,700
- Gross Scheduled Income
- $140,400
- Vacancy Rate
- 5
- Gross Adjusted Income
- $133,380
- Tax Year
- 2026
- Insurance Expense
- $10,835
- W/S/G Expenses
- $8,000
- Total Expenses
- $26,450
- Net Operating Income
- $106,930
- Gross Rent Multiplier
- 11.4
- Cap Rate
- 6.7
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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.