Listed by Redfin
$475,000

Estimated payment $2,887/month

Total Views 5,225
2 Beds
2 Baths
1,228 Sq Ft
$387 Price per Sq Ft

Highlights

  • Greenhouse
  • Corner Lot
  • Gated Home
  • Reeves Middle School Rated A-
  • No HOA
  • Wood Siding

About This Home

Amazing investment opportunity with two houses on one lot in the popular North East neighborhood. Both homes were completely remodeled in 2021. Main house features a cozy living room with electric fireplace, kitchen with eating bar, 2 bedrooms, and full bath. Extra finished storage space in attic. 2nd house is a studio with a full bath and kitchenette with a separate gated driveway off Ethridge. Shared laundry room is attached to smaller home and would be a great space to add coin-op laundry units for tenants or AirBnB guests. Blocks from San Francisco Bakery, and just minutes to downtown Oly or beautiful Squaxin Park with beach access, picnic area, playground, and nature trails.

Listing Agent

Jessica Kammeyer

Redfin License #24001081 Listed on: 09/15/2025

Redfin

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2433885

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,432

Year Built

  • Built in 1931

Lot Details

  • 7,501 Sq Ft Lot
  • Gated Home
  • Property is Fully Fenced
  • Corner Lot

Home Design

  • Duplex
  • Block Foundation
  • Composition Roof
  • Wood Siding
  • Cement Board or Planked
  • Wood Composite

Interior Spaces

  • 1,228 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Parking

  • 2 Parking Spaces
  • Open Parking

Outdoor Features

  • Greenhouse
  • Outbuilding

Schools

  • Roosevelt Elementary School
  • Reeves Mid Middle School
  • Olympia High School

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association
  • Olympia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 61401801200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,432

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 52 - Duplex
  • Year Built: 1931
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 1228
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 2
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Paved
  • View: No
  • Waterfront: No
  • Construction Type: Cement Plank, Wood
  • Exterior Features: Cement Planked, Wood, Wood Products
  • Foundation Details: Block
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Fully Fenced, Security Gate
  • Cooling: None
  • Cooling Y N: No
  • Heating: Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: City of Olympia
  • WaterCompany: City of Olympia
  • InternetConnected: Xfinity
  • WaterSewerGarbage: 1800

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Olympia
  • High School: Olympia High
  • Middle Or Junior School: Reeves Mid

Lot Info

  • Parcel Number: 61401801200
  • Lot Size Acres: 0.1722
  • Lot Size Sq Ft: 7501
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Fenced-Fully,Gas Available,Gated Entry,Green House,Outbuildings
  • MLSLotSizeSource: Realist - Buyer to Verify
  • MLSSquareFootageSource: Realist - Buyer to Verify

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 14.52
  • LeasedItems: None
  • TotalMonthlyIncome: 2727

Multi Family

  • Gross Scheduled Income: 32724
  • Net Operating Income: 18764
  • Number Of Units Total: 2
  • Electric Expense: 2400
  • Insurance Expense: 896
  • Leasable Area: 1084
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2025
  • Tax Annual Amount: 4432

MLS Schools

  • Elementary School: Roosevelt Elementary

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,210 $422,700 $173,400 $249,300
2023 $4,210 $402,300 $142,600 $259,700
2022 $1,976 $335,900 $115,100 $220,800
2021 $1,655 $164,900 $100,700 $64,200
2020 $1,639 $127,700 $72,600 $55,100
2019 $1,498 $123,400 $69,400 $54,000
2018 $1,505 $111,500 $61,000 $50,500
2017 $1,484 $118,300 $72,100 $46,200
2016 $1,357 $106,850 $59,850 $47,000
2014 -- $108,050 $62,350 $45,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/22/2025 09/22/25 Pending -- -- --
09/15/2025 09/15/25 For Sale $475,000 +15.9% $742 / Sq Ft
11/12/2021 11/12/21 Sold $410,000 +5.4% $312 / Sq Ft
10/12/2021 10/12/21 Pending -- -- --
10/08/2021 10/08/21 For Sale $389,000 +52.5% $296 / Sq Ft
04/02/2021 04/02/21 Sold $255,000 +2.0% $321 / Sq Ft
03/17/2021 03/17/21 Pending -- -- --
03/11/2021 03/11/21 For Sale $250,000 -- $315 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- --
Warranty Deed $410,000 Chicago Title
Warranty Deed $255,000 First American Ttl King Cnty
Interfamily Deed Transfer -- Transnation Title Insurance
Warranty Deed $77,000 Transamerica Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $205,000 New Conventional
Previous Owner $41,060 Construction
Previous Owner $222,080 Credit Line Revolving
Previous Owner $91,000 New Conventional
Previous Owner $76,789 FHA
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2433885

Northwest Multiple Listing Service (NWMLS)

APN: 61401801200