About this home

Four duplexes offering eight 2-bedroom, 1-bathroom units, each with a private one-car garage. Ideal for long-term tenants in a desirable small-town setting. Strong Financials • Annual Gross Income: $140,000 • Cap Rate: 6.7% Recent roofs (approx. 5 years old) minimize near-term capex. Efficient duplex layout supports easy management and tenant privacy. Prime Location Elma provides rural charm with convenient access to Olympia (~30 miles), outdoor recreation, parks, and local amenities. Steady rental demand in an affordable market makes this a reliable cash-flowing asset. Perfect for investors seeking immediate income, low maintenance, and long-term appreciation. Turnkey opportunity with strong upside potential. Contact us today for full details, rent roll, and showing. Serious inquiries only.

Exterior features

WoodWood Products

Property details

Heating: Wall Furnace
Cooling: None
Flooring: Laminate, Vinyl, Carpet
View: Territorial
Lot: Dead End Street, Paved, Secluded
Water source: Public
Sewer: Septic Tank

Costs

Annual taxes: $7,615 (2026)

Estimate your monthly payment

$8,725/mo

Principal & interest: $8,090
Property taxes: $635

Down payment (20%) $320,000 Interest rate (%) Loan term (years)

Loan amount $1,280,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Elma, WA 98541

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Abbey Realty Inc— Joshua Abbey.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

Interested in this home?

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