7409 Hill Avenue

7409 Hill Avenue

Gig Harbor, WA 98335

$1,350,000
Price
7
Beds
4
Baths
3,300 Sq. Ft.
$409 / Sq. Ft.
3,300
Sq. Ft.
$409
per Sq. Ft.
a view of a big house with a big yard plants and large trees
a view of a big house with a big yard plants and large trees
a view of a city and lake
an aerial view of a city
an aerial view of multiple house
an aerial view of multiple house
a kitchen with granite countertop a sink stove and cabinets
a kitchen with a dining table and chairs
a view of a large body of water with a building in the background
a living room with furniture and a large window
a living room with furniture and a large window
a living room with furniture a window and a table
a living room with furniture and a window
a living room with furniture and wooden floor
a bedroom with a bed and wooden floor
a bedroom with a bed and a potted plant
a bathroom with a toilet sink and mirror
a view of a house with a big yard and large trees
Listing provided courtesy of Windermere Professional Prtnrs

Description

This exceptional multi-family unit in the heart of downtown Gig Harbor presents an incredibly rare opportunity for ownership. Boasting sprawling views of the sound and a prime location just blocks away from fine dining, shopping, and marinas, this property offers the ultimate urban living experience. The multi-family unit comprises both upstairs and downstairs units, each offering their own unique features and amenities. Tenants can listen to Summer Concert series and watch the lighted boat parade...This exceptional multi-family unit in the heart of downtown Gig Harbor presents an incredibly rare opportunity for ownership. Boasting sprawling views of the sound and a prime location just blocks away from fine dining, shopping, and marinas, this property offers the ultimate urban living experience. The multi-family unit comprises both upstairs and downstairs units, each offering their own unique features and amenities. Tenants can listen to Summer Concert series and watch the lighted boat parade from their balcony. Long term, well established tenants occupy the remaining three units. Quiet neighborhood with mix of multi tenant and single family homes. This won't last long.
  1. Listed by Taelor Taurman • Windermere Professional Prtnrs

Property Details for 7409 Hill Avenue

Community Name
In Town
School District
Peninsula
View
Bay
Number of Assigned Spaces
8
Total Covered Parking
0
Entry Date
02-16-2024
Energy Source
Electric
Sewer
Sewer Connected

Location

Listing Courtesy of Windermere Professional Prtnrs
Add your commute
LISTING UPDATED: 04/03/2024 12:02 PM

Property Details for 7409 Hill Avenue

StatusActive
MLS #2200575
Days on Market73
Cumulative Days on Market72
Taxes$7,303 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1968
Lot Size0.23 AC / 10,000 SF
CountyPierce County

Location

Listing Courtesy of Windermere Professional Prtnrs
Add your commute

Building Information for 7409 Hill Avenue

Stories2Residences4Year Built1968Building Size-Lot Size0.23 AC / 10,000 SF

Payment Calculator

$7,976 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,368

Property Taxes

$609

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7409 Hill Avenue

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Site Features: Cable TV, Fenced-Partially, Patio, Sprinkler System
  • Area: 1 - Gig Harbor
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify
  • Effective Year Built Source: Public Records
  • Directions: From HWY 16 take Pioneer Way Exit. Right on Lewis and Left on Hill Ave.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2023
Parking
  • Number of Carport Spaces: 4.0
  • Carport: No
  • Open Parking Spaces: 4.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Floor Covering: Laminate, Carpet
  • Features: Laminate Tile, Wall to Wall Carpet
  • Amenities: Storage
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard
  • FIRPTA: No
Exterior Features
  • Exterior: Brick, Wood Products
  • Roof: Flat
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 0
  • Power Company: Peninsula light
  • Sewer Company: City of gh
  • Water Company: City Of GH
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Class: Residential
  • First Right Of Refusal: false
  • Possible Use: Residential
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1988
  • Photos Count: 19
Lot Information
  • Lot Details: Paved
  • Lot Size Source: Public Records
  • Parcel Number Free Text: 524000-011-1
  • Building Condition: Very Good
  • Calculated Square Footage: 3300
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 3300.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 4
  • Number of Stories in Building: 2
  • Vacancy Rate: 25
  • Number Of Units Total: 4
  • Units Below Grade: true
  • Units In Building Total: 4
Financing / Income and Expenses
  • Electric Expense: $600
  • Total Expenses: 11075
  • Gross Adjusted Income: 71700
  • Gross Rent Multiplier: 18.82
  • Gross Scheduled Income: $71,700
  • Insurance Expense: $3,172
  • Net Operating Income: $56,853
  • Other Expenses: $0
  • Total Monthly Income: 6315
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 2
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 825
  • Rent Unit 1: $1,680.00
  • Bedrooms Unit 1: 2
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 1
  • Washer/Dryer Unit 2: true
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 625
  • Rent Unit 2: $1,250.00
  • Bedrooms Unit 2: 1
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 3
  • Washer/Dryer Unit 3: true
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: true
  • Square Feet Unit 3: 825
  • Rent Unit 3: $2,180.00
  • Bedrooms Unit 3: 2
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 4
  • Washer/Dryer Unit 4: true
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: true
  • Square Feet Unit 4: 825
  • Rent Unit 4: $1,405.00
  • Bedrooms Unit 4: 2
  • Bathrooms Unit 4: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 3300.0
  • Leasable Area Units: Square Feet

Property History for 7409 Hill Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7409 Hill Avenue

Taxable ValueLand$416,600Additions$522,800Total$939,400
Tax Record2024$7,968 ($664 / month)
Home Facts
Total Finished SqFt3,300 SqFtAbove Ground SqFt3,300 SqFtStories2Lot Size10,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1968Year Renovated1988ZoningR-2CountyPIERCEAPN5240000111

Schools near 7409 Hill Avenue

This home is within Peninsula School District.
Rating
School
Type
Grades
Distance
Harbor Heights Elementary School
Public - PK to 5
Goodman Middle School
Public - 6 to 8
Gig Harbor High School
Public - 9 to 12
Henderson Bay Alternative High School
Public - 9 to 12
Rating
School
Distance
Harbor Heights Elementary School
PublicPK to 5

Goodman Middle School
Public6 to 8

Gig Harbor High School
Public9 to 12

Henderson Bay Alternative High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 7409 Hill Avenue, Gig Harbor, WA 98335

7409 Hill Avenue is a multi-family home for sale in Gig Harbor, WA 98335. This property was listed for sale on February 16, 2024 by Windermere Professional Prtnrs, it's currently listed at $1,350,000. It has been on the market for a total of 73 days and was last sold on December 21, 2021. This listing's school district is Peninsula School District. Nearby schools include Harbor Heights Elementary School, Goodman Middle School and Gig Harbor High School. 7409 Hill Avenue is a 7-bed, 4-bath, 3,300 sqft multi-family home built in 1968.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Windermere Professional Prtnrs

Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.