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About the Listing 3073 - 36240,775185
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 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.
Listing Highlights
Status
Active
Days on Site
5
Property Type
Multi-Family
MLS ®
2480941
Year Built
1979
Total Square Footage
5,088
Lot/Acreage
8.99
Interior Details
- Bedrooms: 10
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: Vinyl,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: City of Elma
Exterior Details
- Lot Description: Paved,Secluded,Cable TV,High Speed Internet,Zoning: Residential
- Garage Capacity: 4 car
- Zoning: Residential
- Roof: Composition
- Others: Wood,Wood Products,Average
- Sewer: Septic
Financial Details
- Tax Amount: $8,558
- Taxes w/Assessments: N/A
- Tax/Property ID: 618062741024
- Tax Year: 2026
Payment Calculator
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Questions About..
102 Garden Hill Rd W Elma, WA 98541
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