Gig Harbor, WA 98335 7124 Artondale Drive NW
$1,995,000
29 more
Presented By: Keller Williams Realty PS and NWMLS
- MLS# 2418212
- 08/13/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 5,509
Home Details
Once in a lifetime opportunity to own a turnkey 7-plex in the heart of Artondale, Gig Harbor. Pride of ownership is clear as it has been meticulously maintained over the years. The property could continue as a 7-plex or be an Airbnb or partially owner occupied. Current 5.7% cap rate with potential to be closer to 6.4 through rent optimization / short-term rental. Property has stable long-term tenants with recent improvements including updated roofs, exterior paint, and well systems. Three buildings with 2 duplexes & a triplex offer a diverse unit mix. Excellent location in an area with limited multi-family inventory. Perfect for investors seeking turnkey cash flow property or to complete a 1031 exchange. Don’t miss this rare Gig Harbor gem!
Presented By: Keller Williams Realty PS and NWMLS
Interior Features for 7124 Artondale Drive NW
Bedrooms
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories2
General for 7124 Artondale Drive NW
Building Area UnitsSquare Feet
Cap Rate5.7
Carport Spaces1
Carport Y/NNo
CityGig Harbor
CoolingNone
CountyPierce
DirectionsWollochet to Artondale – past the Gig Harbor Golf Club
Electric Expense108.88
Elementary SchoolArtondale Elem
Fuel Expense
HOANo
HOA Fee$
HeatingBaseboard, Forced Air, Wall Unit(s)
High SchoolGig Harbor High
High School DistrictPeninsula
Insurance Expense5127.78
Leasable Area5509
Listing TermsCash Out, Conventional
Lot Size Square Feet43173
Lot Size UnitsSquare Feet
MLS Area7 – Artondale
Middle/Junior High SchoolKopachuck Mid
ModificationTimestamp2025-09-09T22:44:11.210Z
NWM_ShowMapLinkY
Net Operating Income113213
New ConstructionNo
Number Of Units Total7
Open Parking Spaces17
PossessionClosing
Possible UseMulti-Family
Property ConditionGood
Property Style55 – 5-9 Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksOnce 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 cont
RoofComposition
Senior Community Y/NNo
SewerSeptic Tank
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameArtondale
Tax Annual Amount10344.22
Tax Year2025
Units Below Gradetrue
Units In Building Total7
Water Sewer Garbage2497.59
Year Built1967
Zoning DescriptionMulti-Family
Exterior for 7124 Artondale Drive NW
Building Area Total5509
Covered Spaces2
Exterior AmenitiesWood Products
Irrigation Water Rights Y/NNo
Lot Size Acres0.9911
Parking Uncovered Spaces17
Total Parking20
Water SourceShared Well
Waterfront Y/NNo
Additional Details
Price History
Schools
Elementary School
Artondale Elem
Middle School
Kopachuck Mid
High School
Gig Harbor High
Josh QA1
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