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 5.3% cap rate with potential to be closer to 6% 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!
Active
Listed by:
Erick Harpole,
Keller Williams Realty PS
$2,125,000
7124 Artondale Drive NW, Gig Harbor, WA 98335
12beds
8baths
5,509sqft
Est.:
Multi Family
Built in 1967
-- sqft lot
$2,032,200 Zestimate®
$386/sqft
$-- HOA
What's special
- 17 days
- on Zillow |
- 578 |
- 23 |
Zillow last checked: 7 hours ago
Listing updated: August 22, 2025 at 10:14am
Listed by:
Erick Harpole,
Keller Williams Realty PS
Source: NWMLS,MLS#: 2418212

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 8
Heating
- Baseboard, Forced Air, Wall Unit(s), Electric
Cooling
- None
Features
- Has fireplace: No
Interior area
- Total structure area: 5,509
- Total interior livable area: 5,509 sqft
Property
Parking
- Total spaces: 20
- Parking features: Open
- Carport spaces: 1
- Covered spaces: 2
- Uncovered spaces: 17
Lot
- Size: 0.99 Acres
Details
- Parcel number: 0121144099
- Zoning description: Multi-Family,Jurisdiction: County
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Products
- Roof: Composition
Condition
- Good
- Year built: 1967
- Major remodel year: 1988
Utilities & green energy
- Electric: Company: Peninsula Light
- Sewer: Septic Tank
- Water: Shared Well
Community & HOA
Community
- Subdivision: Artondale
Location
- Region: Gig Harbor
Financial & listing details
- Price per square foot: $386/sqft
- Annual tax amount: $10,344
- Date on market: 8/12/2025
- Cumulative days on market: 18 days
- Listing terms: Cash Out,Conventional
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