This move-in ready duplex is an excellent house hack or investment opportunity! Tens of thousands of dollars of updates, including newer LVP flooring and interior paint, upgraded kitchens and bathrooms, double pane vinyl widows, in-unit W/D, and exterior paint make this a turn-key rental or home. Dedicated off-street parking and a shed to store your yard tools. Attractive Westside location w/ Olympia schools. Close to the bus line, shopping, restaurants and other amenities. Upstairs leased through Summer 2027; downstairs will vacate at closing.
Skyline Properties, Inc.License #127645Listed on: 06/19/2025
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2393341
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$4,954
Year Built
Built in 1948
Lot Details
9,777 Sq Ft Lot
Corner Lot
Home Design
Duplex
Brick Exterior Construction
Poured Concrete
Composition Roof
Wood Siding
Interior Spaces
1,696 Sq Ft Home
2-Story Property
Territorial Views
Flooring
Carpet
Laminate
Bedrooms and Bathrooms
4 Bedrooms
2 Bathrooms
Parking
4 Parking Spaces
Open Parking
Schools
Leland P Brown Elementary School
Jefferson Mid Middle School
Capital High School
Utilities
Baseboard Heating
Septic Tank
High Speed Internet
Cable TV Available
Community Details
No Home Owners Association
Westside Subdivision
Listing and Financial Details
Assessor Parcel Number 41600201600
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$4,954
Year Built
Built in 1948
Lot Details
0
Listing Details
Property Type: Residential Income
Property Sub Type: Multi Family
StyleCode: 52 - Duplex
Year Built: 1948
MLS Status: Active
Prev Status: Active
New Construction: No
CalculatedSquareFootage: 1696
Special Features: None
Cumulative Days on Market: 73
Interior Features
Total Bedrooms: 4
Fireplace: No
Flooring: Laminate, Carpet
Stories: 2
SquareFootageFinished: 0
SquareFootageUnfinished: 0
BathsFullUpper: 0
BathsHalfUpper: 0
BathsThreeQuarterUpper: 0
BedroomsUpper: 0
Exterior Features
Roof: Composition
View: Territorial
Lot Features: Corner Lot, Sidewalk
View: Yes
Waterfront: No
Construction Type: Brick, Wood
Exterior Features: Brick, Wood
Foundation Details: Poured Concrete
Structure Type: Duplex
Garage/Parking
Carport Y N: No
Open Parking Spaces: 4
Open Parking: Yes
Total Parking Spaces: 4
ParkingUncoveredSpaces: 4
Utilities
Sewer: Septic Tank
Water Source: Public
Cooling: None
Cooling Y N: No
Heating: Baseboard
Heating Yn: Yes
PowerCompany: PSE
SewerCompany: Septic
WaterCompany: City of Olympia
CableConnected: Xfinity
InternetConnected: Xfinity
WaterSewerGarbage: 1674
Condo/Co-op/Association
Senior Community: No
Association: No
Schools
Junior High Dist: Olympia
High School: Capital High
Middle Or Junior School: Jefferson Mid
Lot Info
Parcel Number: 41600201600
Lot Size Acres: 0.2244
Lot Size Sq Ft: 9777
Irrigation Water Rights: No
ShowMapLink: true
SiteFeatures: Cable TV,High Speed Internet
MLSLotSizeSource: Public Records
MLSSquareFootageSource: Public Records
ZoningJurisdiction: City
Green Features
Power Production Type: Electric
Rental Info
GrossRentMultiplier: 12
LeasedItems: None
TotalMonthlyIncome: 3600
Multi Family
Gross Scheduled Income: 43200
Net Operating Income: 30856
Number Of Units Total: 2
Insurance Expense: 2356
Leasable Area: 1696
EnergySource: Electric
UnitsInBuildingTotal: 2
UnitsBelowGrade: false
VacancyRate: 5
Tax Info
Year: 2025
Tax Annual Amount: 4954
MLS Schools
Elementary School: Leland P Brown Elem
Map
Range of Values:
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Average Value
Not Available
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
Tax History
Year
Tax Paid
Tax AssessmentTax 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
$3,807
$472,600
$271,600
$201,000
2023
$3,807
$363,700
$180,600
$183,100
2022
$3,577
$368,500
$190,600
$177,900
2021
$3,606
$299,100
$144,800
$154,300
2020
$3,456
$279,100
$105,600
$173,500
2019
$2,947
$260,900
$140,100
$120,800
2018
$2,992
$222,000
$105,500
$116,500
2017
$2,456
$196,250
$84,750
$111,500
2016
$1,763
$160,400
$71,900
$88,500
2014
--
$140,600
$80,700
$59,900
Source: Public Records
Property History
Date
Event
Price
Change
Sq Ft Price
08/25/202508/25/25
Price Changed
$525,000
-0.9%
$310 / Sq Ft
07/17/202507/17/25
Price Changed
$529,900
-1.0%
$312 / Sq Ft
07/02/202507/02/25
Price Changed
$535,000
-0.9%
$315 / Sq Ft
06/19/202506/19/25
For Sale
$540,000
--
$318 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)
INVESTOR ALERT! Great rents come with this extremely solid investment. Perfectly situated multi-family property on the Westside, just minutes from shopping, hospital, freeway, schools, and various amenities! One unit has been recently remodeled and the other given updates as well. Make an offer today and watch your investment grow!
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