Once in a lifetime opportunity to own a turnkey 7-plex in the heart of Artondale, Gig Harbor. Pride of ownership is clear as it has been meticulously maintained over the years. The property could continue as a 7-plex or be an Airbnb or partially owner occupied. Current 5.3% cap rate with potential to be closer to 6% through rent optimization / short-term rental. Property has stable long-term tenants with recent improvements including updated roofs, exterior paint, and well systems. Three buildings with 2 duplexes & a triplex offer a diverse unit mix. Excellent location in an area with limited multi-family inventory. Perfect for investors seeking turnkey cash flow property or to complete a 1031 exchange. Don't miss this rare Gig Harbor gem!
Elementary School |
Artondale Elem |
Jr. High School |
Kopachuck Mid |
High School |
Gig Harbor High |
AIR |
None |
AREA |
7 - Artondale |
CONSTRUCTION |
Wood Siding |
HEAT |
Baseboard, Electric, Forced Air |
LOT |
0.9911 acre(s) |
MLS STATUS |
Active |
SEWER |
Septic Tank |
STORIES |
2 |
STYLE |
55 - 5-9 Units |
SUBDIVISION |
Artondale |
TAXES |
10344.22 |
WATER |
Shared Well |
ZONING |
Multi-Family |
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