Listed By:
RE/MAX Northwest and NWMLS
Address
4402 - 4416 Rosedale Street NW, Gig Harbor, WA
Price
$ 1,850,000
Property Attributes
  • ID#2191020
  • TypeMulti-Family
  • CountyPIERCE
  • CityGig Harbor
  • AreaGig Harbor
  • NeighborhoodRosedale
  • Zip98335
  • Style4-Plex
  • Year Built1979
  • Taxes$ 6830
  • Price$ 1,850,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3000
  • Lot Size1.8921 Acres
Data Source:
Northwest Multiple Listing Service (NWMLS)
Property Description

Great Gig Harbor 4-Plex & vacant lot w/ approved building plans ready to bolster your portfolio! Current units are generating almost a 6.0% cap rate, while the vacant parcels have been merged into one lot & approved for a 6 unit project to be built. This four-plex includes four 2-bed / 1 bath units, complete with private decks & parking! Building plans for the vacant lot include a duplex & four townhomes, set up to be condominiums - the choice to hold or sell when complete is yours. Central location provides ample access to all that Downtown Gig Harbor has to offer, along with simple access to WA-16, waterfront shopping & dining, and great local schools!

Price History
1/12/2024 Listed $1,950,000
4/25/2024 6% - $1,850,000

General Features

Interior Features Laminate Tile,Wall to Wall Carpet
Sewer Sewer Connected
Heating Baseboard,Wall Unit(s)
Cooling None
Possession Closing,See Remarks,Tenant's Rights
Roof Composition
Exterior Features Cement Planked
Security Features FullyFenced
Year Built 1979
View Territorial
Property SubType Multi-Family
Tax Year 2023
County Pierce
Net Operating Income 57732
Insurance Expense 2160
New Construction No
Property Type Residential Income
HOA / Comm Assn No
Subdivision Name Rosedale
Possible Use Residential
Special Listing Conditions None
Status Active
Directions From WA-16 - exit to Pioneer Way toward Downtown Gig Harbor; cont. Straight through light onto Stinson; turn Left on Rosedale St NW; property on the Left;
ModificationTimestamp 2024-05-20T20:29:40.789Z
City Gig Harbor
Buyer Agent Compensation 2.5
View Y/N Yes
Senior Community Y/N No
High School District Peninsula
Open Parking Spaces 8
Total Units 4
MLS Area 1 - Gig Harbor
Lot Size Square Feet 82419
Waterfront Y/N No
Carport Y/N No
Street Name Rosedale
Listing Terms Cash Out,Conventional
Tax Annual Amount 6830
Property Condition Good
Public Remarks Great Gig Harbor 4-Plex & vacant lot w/ approved building plans ready to bolster your portfolio! Current units are generating almost a 6.0% cap rate,while the vacant parcels have been merged into one
Leasable Area 3000
Structure Type Quadruplex
Building Area Units Square Feet
Standard Status Active
Water Company City of Gig Harbor
Units Below Grade false
Units In Building Total 4
Zoning Class Residential
Water Sewer Garbage 4038
Property Style 54 - 4-Plex
Cap Rate 5.77
NWM_ShowMapLink Yes

Interior Features

Flooring Laminate,Vinyl Plank,Carpet
Total Stories 1
Air Conditioning Y/N No
Heating Y/N Yes
Fireplace Y/N No
Street Suffix Street
Living Area Units Square Feet
Power Production Type Electric

Exterior Features

Lot Features Paved,Value In Land
Water Source Public
Total Parking 8
Foundation Details Poured Concrete
Building Area Total 3000
Lot Size Acres 1.8921
Lot Size Units Square Feet
Open Parking Y/N Yes
Irrigation Water Rights Y/N No
Site Features Cable TV,Deck,Fenced-Partially,High Speed Internet
Parking Uncovered Spaces 8

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 98335

Price
AVG $1.5M
$1.85M
Taxes
AVG $7,387
$6,830
Visits
AVG 102
154
Data Provided by Inside Real Estate®
Year Built
AVG 1974
1979

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