Listed by Keller Williams Realty PS
$2,125,000

7124 Artondale Dr NW Gig Harbor, WA 98335

Estimated payment $12,441/month

Total Views 204
12 Beds
8 Baths
5,509 Sq Ft
$386 Price per Sq Ft

Highlights

  • 0.99 Acre Lot
  • No HOA
  • Baseboard Heating
  • Artondale Elementary School Rated A-
  • Forced Air Heating System

About This Home

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!

Listing Agent

Erick Harpole

Keller Williams Realty PS License #27877 Listed on: 08/13/2025

Keller Williams Realty PS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2418212

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,344

Year Built

  • Built in 1967

Lot Details

  • 0.99 Acre Lot
  • 0121144097,0121144098
  • Property is in good condition

Home Design

  • Composition Roof
  • Wood Composite

Interior Spaces

  • 5,509 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Parking

  • 20 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Schools

  • Artondale Elementary School
  • Kopachuck Mid Middle School
  • Gig Harbor High School

Utilities

  • Forced Air Heating System
  • Baseboard Heating
  • Heating System Mounted To A Wall or Window
  • Shared Well
  • Septic Tank

Community Details

  • No Home Owners Association
  • Artondale Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0121144099

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,344

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1967
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 5509
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Total Bedrooms: 12
  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood Products
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 17
  • Open Parking: Yes
  • Total Parking Spaces: 20
  • ParkingUncoveredSpaces: 17

Utilities

  • Sewer: Septic Tank
  • Water Source: Shared Well
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Forced Air, Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: Peninsula Light
  • WaterSewerGarbage: 2497.59

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Peninsula
  • High School: Gig Harbor High
  • Middle Or Junior School: Kopachuck Mid

Lot Info

  • Parcel Number: 0121144099
  • Lot Size Acres: 0.9911
  • Lot Size Sq Ft: 43173
  • Additional Parcels Description: 0121144097,0121144098
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: tax records
  • MLSSquareFootageSource: tax records
  • ZoningJurisdiction: County

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 15.5
  • LeasedItems: None
  • TotalMonthlyIncome: 11389

Multi Family

  • Gross Scheduled Income: 136668
  • Net Operating Income: 113213
  • Number Of Units Total: 7
  • Electric Expense: 108.88
  • Insurance Expense: 5127.78
  • Leasable Area: 5509
  • EnergySource: Electric
  • UnitsInBuildingTotal: 7
  • UnitsBelowGrade: true
  • VacancyRate: 5

Tax Info

  • Year: 2025
  • Tax Annual Amount: 10344.22

MLS Schools

  • Elementary School: Artondale Elem

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2025 08/13/25 For Sale $2,125,000 -- $386 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2418212

Northwest Multiple Listing Service (NWMLS)

Washington Pierce County Gig Harbor 98335

7124 Artondale Dr NW, Gig Harbor, WA

This home is located at 7124 Artondale Dr NW, Gig Harbor, WA 98335 and is currently priced at $2,125,000, approximately $385 per square foot. This property was built in 1967. 7124 Artondale Dr NW is a home located in Pierce County with nearby schools including Artondale Elementary School, Kopachuck Middle School, and Gig Harbor High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) 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. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

Nearby Homes
Erick Harpole
Listing Agent
Erick Harpole
Section Image
Keller Williams Realty PS