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… Read More 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. Read Less
Listing courtesy of Abbey Realty Inc 360-459-0428
Listing Snapshot | Source HomeJunction
Cumulative Days On Market
21
Days on Website
21
Last Updated
Property Type
Multi Family
Square Ft.
6,688
Lot Size
1.13 Acres
Year Built
1978
Property Tax
$7,615
MLS Number
2553817
30 Days Snapshot Of 98541
$436k
+63%
(avg) sold price
7
-30%
homes sold
104
+35%
(avg) days on market
Snapshot
Area Map
Additional Details | Source HomeJunction
Lot
1 acres, 49223 square feet, Features: Dead End Street, Paved, Secluded, View: Territorial
Building
Building Area Total: 6688, Building Area Units: Square Feet, Calculated Square Footage: 6688, Construction Materials: Wood, Elevation Units: Feet, Leasable Area: 7200, Living Area: 0, Number Of Units Total: 8, Stories Total: 1, Structure Type: Multi Family, Units In Building Total: 8, Year Built: 1978, Year Built Effective: 1978
Electric Expense: 0, Fuel Expense: 0, Power Company: Gray's Harbor PUD, Power Production Type: Electric, Water Company: City of Elma, Water Source: Public
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The "three tree" icon indicates listings provided by Northwest Multiple Listing Service. The listings presented here may or may not be listed by Iolanthe Chan-McCarthy. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. The information being provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing. Listings last updated on .
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