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!
Listing Provided Courtesy of Erick Harpole, Keller Williams Realty PS
General Information
NWM2418212
Multi Family
1
DOM
0.99 acres
5509
1967
Multi-F
Pierce
Artondale Elem
Kopachuck Mid
Gig Harbor High
Residential Incom
Multi Family
Listing Provided Courtesy of Erick Harpole, Keller Williams Realty PS
Krishna Realty data last checked: Aug 14, 2025 17:10 | Listing last modified Aug 13, 2025 22:45,
Source:
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!
