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 5.7% cap rate with potential to be closer to 6.4 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
27
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: Sep 24, 2025 21:35 | Listing last modified Sep 09, 2025 22:43,
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 5.7% cap rate with potential to be closer to 6.4 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!
