Listed by Sievers Real Estate, Bought with Multifamily Properties
$523,500
SOLD JUL 29, 2025
-- Bed
-- Bath
2,064 Sq Ft
0.45 Acres

Recently Sold

$254 Per Sq Ft

5% Below List Price

Highlights

  • 0.45 Acre Lot
  • No HOA
  • Baseboard Heating
  • Reeves Middle School Rated A-
  • Patio
  • 4-minute walk to Dog Park

About This Home

As of July 2025

Great investment opportunity! Low maintenance duplex that cash flows with great tenants! Each unit has 2 bedrooms, 1.5 baths, laundry room, carport, & slider to patio with private yard. The floorplans are mirror images of each other. Downstairs includes living, dining, kitchen, one bedroom & powder room. Ceilings are vaulted & natural light cascades nicely throughout. This creates an open, spacious feeling. The primary suite is upstairs in each unit. It's very large with an oversized walk-in closet & full bath ensuite. The duplex has newer exterior paint and one unit has new laminate flooring. Conveniently located in a quiet neighborhood at the end of a gravel drive, there is extra parking & each unit enjoys an exceptionally private yard.

Last Agent to Sell the Property

Jennifer Sievers

Sievers Real Estate License #24010011 Listed on: 06/19/2025

Last Buyer's Agent

Brandon Vukelich

Multifamily Properties License #27939

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2392118

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,882

Year Built

  • Built in 1979

Lot Details

  • 0.45 Acre Lot
  • Street terminates at a dead end
  • Partially Fenced Property

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,064 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Laminate

Parking

  • 4 Parking Spaces
  • Open Parking

Outdoor Features

  • Patio
  • Outbuilding

Schools

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

Utilities

  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Olympia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 52105200101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,882

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 52 - Duplex
  • Year Built: 1979
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2064
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Dead End Street
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Partially Fenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: City of Olympia
  • WaterCompany: City of Olympia

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: 52105200101
  • Lot Size Acres: 0.4461
  • Lot Size Sq Ft: 19431
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,Outbuildings,Patio
  • MLSLotSizeSource: County Records

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 12.8
  • LeasedItems: None
  • TotalMonthlyIncome: 0

Tax Info

  • Year: 2024
  • Tax Annual Amount: 3882

Multi Family

  • Number Of Units Total: 2
  • EnergySource: Electric
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Roosevelt Elementary

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2025
Closed on
Jul 18, 2025
Sold by
Richard T Conley Living Trust and Conley James E
Bought by
Chong David and Zheng Connie
Seller's Agent
Jennifer Sievers
Sievers Real Estate
Buyer's Agent
Brandon Vukelich
Multifamily Properties
List Price
$550,000
Sold Price
$523,500
Premium/Discount to List
-$26,500
-4.82%
Views
8
Current Estimated Value
$525,504

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,004
Avg. Annual Appreciation
0.89%
Original Mortgage
$392,625
Outstanding Balance
$391,959
Interest Rate
6.84%
Mortgage Type
New Conventional
Estimated Equity
$133,545

Purchase Details

Closed on
Nov 13, 2024
Sold by
Conley Family Trust and Conley Richard T
Bought by
Richard T Conley Living Trust and Conley

Purchase Details

Closed on
Jul 14, 2011
Sold by
Conley Richard T and Conley Sylvia Z
Bought by
Conley Family Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $523,500 Wfg National Title
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $392,625 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/29/2025 07/29/25 Sold $523,500 -4.8% $254 / Sq Ft
06/23/2025 06/23/25 Pending -- -- --
06/19/2025 06/19/25 For Sale $550,000 -- $266 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

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 $3,882 $539,000 $271,600 $267,400
2023 $3,882 $370,900 $159,600 $211,300
2022 $4,332 $374,500 $156,100 $218,400
2021 $4,252 $362,400 $170,000 $192,400
2020 $4,071 $329,200 $110,000 $219,200
2019 $3,268 $307,500 $151,200 $156,300
2018 $3,292 $244,300 $93,900 $150,400
2017 $3,249 $259,900 $103,200 $156,700
2016 $2,413 $203,600 $97,500 $106,100
2014 -- $192,750 $102,950 $89,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2392118

Northwest Multiple Listing Service (NWMLS)

APN: 52105200101