7409 Hill Avenue, Gig Harbor, WA 98335
- $1,214,000
- 3,300
- SqFt
Listing courtesy of Windermere Prof Partners. Selling Office: Targa Real Estate Services Inc.
- Sold Price
- $1,214,000
- List Price
- $1,249,999
- Status
- SOLD
- MLS#
- 2391204
- Closing Date
- Dec 15, 2025
- Days on Market
- 111
- Style
- 54 - 4-Plex
- Finished SqFt
- 3,300
- Area Total SqFt
- 3300
- Annual Tax Ammount
- 8539
- Lot Size (sq ft)
- 10,000
- Sewer
- Sewer Connected
Property Description
A rare opportunity to own a prime 4-plex in the heart of downtown Gig Harbor! Beautiful Terrain and sweeping views of the sound. Walkable access to the waterfront, shops and restaurants. This well-maintained multi-family property sits in one of the most desirable locations where rental demand remains strong year-round. Perfect for investors seeking stable income and long-term growth, or for owner-occupiers who want to live in one unit and rent the others. Embrace the unique blend of small-town warmth and strong investment fundamentals. Properties like this rarely come to market.
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Additional Information
- List Date
- 2025-08-26 00:00:00
- Community
- Gig Harbor
- Net Operating Income
- $65,172
- Gross Adjusted Income
- $79,860
- Gross Scheduled Income
- $79,860
- Total Monthly Income
- $6,655
- Insurance Expenses
- $2,066
- Water/Sewer/Garbage Expenses
- $3,483
- Gross Rent Multiplier
- 16.15
- Total Expenses
- $14,688
- Cap Rate
- 5.05
- Total Number of Units
- 4
- Unit Name
- 7409
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1968
- View
- Sound
- Roof
- Flat
- Site Features
- Sprinkler System
- Electric Expenses
- 600
- Energy Source
- Electric
- School District
- Peninsula
- Elementary School
- Discvy Elem
- Middle School
- Goodman Mid
- High School
- Gig Harbor High
- Total Monthly Income
- $6,655
- Gross Scheduled Income
- $79,860
- Gross Adjusted Income
- $79,860
- Tax Year
- 2025
- Insurance Expense
- $2,066
- W/S/G Expenses
- $3,483
- Total Expenses
- $14,688
- Net Operating Income
- $65,172
- Gross Rent Multiplier
- 16.15
- Cap Rate
- 5.05
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.