James & Angie Smith

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Listing provided courtesy of Riley Jackson Real Estate Inc.NWMLSas Distributed by MLSGrid- MLS# NWM2480941MLS Provider

102 Garden Hill Road WElma, WA 98541

Multi-Family · 10 Beds · 5,088 Sq. ft. | 8.99 Acres
$1,100,000 Active

102 Garden Hill Road W Overview

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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.

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102 Garden Hill Road W Facts & Features

  • Type Multi-Family
  • Sq. ft. 5,088
  • Price/Sq.ft. $216
  • Lot 8.99 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Elma

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Scheduled Income: 53400
  • Insurance Expense: 1825
  • Net Operating Income: 40281
  • Total Expenses: 14778
  • Total Monthly Income: 4450
  • Water/Sewer/Garbage: 4395

Building Information

  • New Construction: No
  • Year Built: 1979

Location/Region

  • Country: US
  • County Or Parish: Grays Harbor
  • MLS Area Major: 200 - Elma
  • Subdivision Name: Strawberry Hill

Community/Development

  • Amenities: Basement

Tax Information

  • Tax Annual Amount: $8,558.00
  • Tax Year: 2026

General Information

  • Listing Terms: Cash, Conventional
  • Parcel Number: 618062741024
  • Possible Use: Residential
  • Property Condition: Average
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 4

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 5088
  • Building Area Units: Square Feet
  • Calculated Square Footage: 5088
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Vinyl, Carpet
  • Foundation Details: Poured Concrete
  • Heating: Yes
  • Leasable Area: 5088
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Stories Total: 1

Exterior

Parking Information

  • Open Parking: No
  • Parking Uncovered Total: 12

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Paved, Secluded
  • Lot Size Acres: 8.99
  • Lot Size Square Feet: 391604
  • Lot Size Units: Square Feet
  • Site Features: Cable TV, High Speed Internet
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Roof: Composition
  • Structure Type: Quadruplex

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 4
  • Exterior Features: Wood, Wood Products
  • Number Of Units Total: 4
  • Sewer: Septic Tank

Unit Information

Unit 2 Details

  • Actual Rent: 1050
  • Beds Total: 3
  • Baths Total: 1

Unit 3 Details

  • Actual Rent: 1200
  • Beds Total: 3
  • Baths Total: 1

Unit 1 Details

  • Actual Rent: 1300
  • Beds Total: 2
  • Baths Total: 1

Unit 4 Details

  • Actual Rent: 900
  • Beds Total: 2
  • Baths Total: 1

102 Garden Hill Road W Neighborhood

Community

98541 (Elma) Demographics

41
Median Age
51
Population Density (per sq. mile)
22%
College Educated
$52,029
Estimated Median Income
2,816
Estimated Total Home Owners
1,232
Estimated Total Renters
70% / 30%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

102 Garden Hill Road W Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

102 Garden Hill Road W Market Data

Based on the last 30 days in this zip code

$646,507
Average List Price
$336
Average Price per Square Foot
10
Properties Sold
86
Average Days on Market
50
Properties for Sale
Calculations provided by Reliance Network

102 Garden Hill Road W History

Date Event Value Agent
3/4/2026Source: NWMLS Price Reduction
$679,999 -2.8%
2/18/2026Source: NWMLS Added to Database
February 18, 2026
2/18/2026Source: NWMLS Added to Database
February 18, 2026