$679,999
Est. $3,496/mo102 Garden Hill Road W, Elma, WA 98541
• Listed 2026-02-18•95 days on market
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Investment Opportunity – Updated Multi-Family Duplex Property with Development Potential Excellent opportunity to acquire a well-maintained multi-family asset consisting of two freestanding duplex buildings (4 units total) with an attractive mix of unit sizes and strong long-term upside. Each building includes: • One spacious 3BR / 1.5BA unit (~1,624 SF) • One 2BR / 1.5BA unit (~920 SF) The larger units feature functional layouts including a main-level bedroom and generous bonus living area, creating flexible living space that appeals to both owner-occupants and tenants. Recent Capital Improvements • Units #11 & #15: Fully remodeled within the past three years including updated kitchens, bathrooms, flooring, and interior paint. • Units #12 & #16: Partially updated with refreshed kitchens and newer flooring. • Property-Wide Improvements: Newer appliances, roofs, and water heaters across all units. Parking Each unit includes an attached private garage, a highly desirable feature for tenants and future resale value. Development Upside. Situated on a large lot with additional build potential, the property offers opportunities for further expansion or redevelopment. Investors may also purchase individually or combine with adjacent property (LS #2433761) for a larger assemblage and expanded development possibilities. A compelling combination of current income, recent upgrades, and future development potential.
Listed by Kayci Rebal • Riley Jackson Real Estate Inc.
Listing updated: April 27, 2026 at 04:58pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2480929
Open houses
No upcoming open houses scheduled for this property.
Nearby open houses (3)
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102 Garden Hill Road W, Elma, WA 98541
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School information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.
Elma is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: Sale-vs-list ratio data not available for this area.
Time on market: The average home goes pending in around 16 days.
$405,000 Sold
3 weeks ago
3 bd•2 ba•~1,328 sq ft•Single Family
109 Blossom Lane, Elma, WA 98541
3%
Over list
—
Days on market
0.2 mi
Distance
$375,000 Sold
4 weeks ago
4 bd•2 ba•~1,826 sq ft•Single Family
1614 W Martin Street, Elma, WA 98541
3%
Under list
—
Days on market
0.8 mi
Distance
$460,000 Sold
6 weeks ago
•Single Family
514 W Main Street, Elma, WA 98541
0%
Over list
—
Days on market
0.9 mi
Distance
$400,000 Sold
7 weeks ago
•Single Family
0 Garden Hill Road E, Elma, WA 98541
33%
Under list
—
Days on market
0.1 mi
Distance
$360,000 Sold
8 weeks ago
3 bd•1.75 ba•~1,108 sq ft•Single Family
101 Edgewood Avenue, Elma, WA 98541
11%
Under list
—
Days on market
0.3 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
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Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jul 2026
