102 Garden Hill Road W, Elma, WA 98541 | MLS #NWM2480941 | Coldwell Banker Evergreen Olympic Realty, Inc.

Listing provided courtesy of Riley Jackson Real Estate Inc.NWMLSMLS# NWM2480941

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.

Source: NWMLS, MLS#: NWM2480941

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Property Type

Residential Income
Lot

8.99 acres

Get in Contact

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Cherie McNeal
Broker, Certified Residential Specialist
Coldwell Banker Evergreen Olympic Realty
Cell 360-239-5740

Median Age

41
Population Density

51
College Educated

22%
Estimated Median Income

$52,029
Estimated Total Home Owners

2,816
Estimated Total Renters

1,232
Owner / Renter Divide

70% / 30%
Estimated Average Household Size

3
Total Population

10,858
Community data courtesy of LiveBy, Inc.

Owning this Home

Estimated Monthly Cost

Price

Down Payment

$ %

Loan Length (years)

Interest Rate

* 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.

Life at 102 Garden Hill Road W

Schools

School data courtesy of LiveBy, Inc.

Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date	Event	Value
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