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 Provided Courtesy of Kayci Rebal, Riley Jackson Real Estate Inc.
General Information
NWM2480941
Multi Family
196
DOM
8.99 acres
5088
1979
Residen
Grays Harbor
Residential Incom
Multi Family
Listing Provided Courtesy of Kayci Rebal, Riley Jackson Real Estate Inc.
Krishna Realty data last checked: Mar 16, 2026 15:33 | Listing last modified Mar 04, 2026 21:51,
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Residence Information
5088
Composition
4,
54 - 4-Plex
1979
Poured Concrete
Basement
Features and Utilities
Wood, Wood Products
Public
Septic Tank
0
Financial
8558
Cash, Conventional
02-18-2026
Comparable Information
196
196
Cash, Conventional
$1,100,000
$1,100,000
Mar 04, 2026 21:51
Schools
Map
Listing courtesy of Riley Jackson Real Estate Inc..
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.
