7720 Artondale Drive NW, Gig Harbor, WA 98335

$950,000
4,200
SqFt

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Listing courtesy of Coldwell Banker Bain.

List Price
$950,000
Status
ACTIVE
MLS#
2523786
Price Change
▼ $45,000 1782796957
Days on Market
75
Style
53 - Tri-plex
Building Condition
Good
Finished SqFt
4,200
Area Total SqFt
4200
Annual Tax Ammount
8716
Internet Provider
Comcast/Xfinity
Lot Size (sq ft)
19,822
Sewer
Septic Tank

Property Description

Multi-Generational or Investment Opportunity: Set among the trees and creeks on nearly half an acre, this uniquely versatile Gig Harbor property is comprised of three distinct living spaces, offering a variety of possibilities. Whether you are looking for true multi-generational living, supplemental rental income, or a long-term investment, the options afforded by this property are hard to find. The main floor of the single-family home encompasses approximately 2,200 square feet & includes 3 bedrooms, 2.5 baths, a dedicated office space, generous living and dining areas, & a well-appointed kitchen. Above, there is an 800 sqft, 1 bed, 1 bath apartment w/full kitchen. On the ground level, there is a separate 1,200 square foot, 1-bedroom, 1 bath ADU with "no stairs" access, full kitchen, living room & office/storage. Each of these spaces reflects quality craftsmanship and thoughtful design with cherry cabinetry, granite tile countertops, stainless appliances, and laundry hookups. For covered parking, there are attached 2-car and 1-car garages. There is also extensive off-street parking. Located close to the Gig Harbor Golf Club and just minutes from Highway 16 and Uptown Gig Harbor shopping, dining, and services -- this is a rare opportunity. Photos are virtually staged. Property is occupied. Do not disturb tenants or trespass. Schedule showings with a broker.

Additional Information

List Date
2026-05-15 00:10:12
Community
Artondale
Net Operating Income
$61,955
Gross Adjusted Income
$61,955
Gross Scheduled Income
$72,540
Total Monthly Income
$6,045
Insurance Expenses
$1,869
Gross Rent Multiplier
14.8
Total Expenses
$10,585
Cap Rate
5.8
Vacancy Rate
33
Total Number of Units
3
Unit Name
7720
Potential Terms
Cash, Conventional, FHA, VA Loan
Year Built
2019
View
Territorial
Roof
Composition
Site Features
Cable TV, Deck, Gas Available, High Speed Internet, RV Parking
Energy Source
Electric, Natural Gas
School District
Peninsula
Elementary School
Artondale Elem
Middle School
Kopachuck Mid
High School
Gig Harbor High
Total Monthly Income
$6,045
Gross Scheduled Income
$72,540
Vacancy Rate
33
Gross Adjusted Income
$61,955
Tax Year
2026
Insurance Expense
$1,869
Total Expenses
$10,585
Net Operating Income
$61,955
Gross Rent Multiplier
14.8
Cap Rate
5.8
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.
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