Listed by Better Properties N. Proctor
$649,000
$4K PRICE INCREASE

507 Kaiser Rd NW Unit A,B,C Olympia, WA 98502

Estimated payment $4,039/month

Total Views 178
4 Beds
4 Baths
1,902 Sq Ft
$341 Price per Sq Ft

Highlights

  • RV Access or Parking
  • Deck
  • Territorial View
  • Thurgood Marshall Middle School Rated A-
  • Secluded Lot
  • No HOA

About This Home

3 units, 2 houses, 1 lot! All 3 units operate as successful short term rentals. First house is 2 bedrooms divided into 2 units. Unit A has 1 bedroom, full bath & large kitchen w/door that opens to the expansive over 1/2 acre woodsy yard. A Dutch door opens to the attached carport. Unit B is a clever conversion: the primary suite has been transformed into a studio apartment complete w/3/4 bath, fully functioning kitchen & exterior door. The door that links the studio to the rest of the house has been sealed & could easily be dismantled. The 2nd house is unit C, a 2 story house w/2 bedrooms, full bath, charming loft & a flex room! Unit C houses a shared laundry room off the porch. These houses are a great place to live &/or generate income.

Listing Agent

Gretchen Nogler

Better Properties N. Proctor License #113393 Listed on: 06/20/2025

Better Properties N. Proctor

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2393941

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,090

Year Built

  • Built in 1943

Lot Details

  • 0.63 Acre Lot
  • Open Space
  • Secluded Lot
  • 12817310901
  • Property is in good condition

Home Design

  • Duplex
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 1,902 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Carpet
  • Laminate
  • Vinyl Plank

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Deck
  • Gazebo
  • Outbuilding

Utilities

  • Baseboard Heating
  • Well
  • Septic Tank
  • High Speed Internet

Community Details

  • No Home Owners Association
  • Westside Subdivision

Listing and Financial Details

  • Assessor Parcel Number 12017310901

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,090

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 52 - Duplex
  • Year Built: 1943
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 1902
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 2

Interior Features

  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Laminate, Vinyl Plank, Carpet
  • Interior Amenities: Laminate
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Playground,Storage

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Open Space, Paved, Secluded
  • View: Yes
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood Products
  • Foundation Details: See Remarks
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: No
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 3

Utilities

  • Sewer: Septic Tank
  • Water Source: Individual Well
  • Cooling: Other – See Remarks, Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: septic
  • WaterCompany: well
  • InternetConnected: xfinity
  • WaterSewerGarbage: 912

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Olympia

Lot Info

  • Parcel Number: 12017310901
  • Lot Size Acres: 0.63
  • Lot Size Sq Ft: 27443
  • Additional Parcels Description: 12817310901
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cabana/Gazebo,Deck,High Speed Internet,Outbuildings,RV Parking
  • MLSLotSizeSource: realist
  • MLSSquareFootageSource: mls
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 8.58
  • LeasedItems: None
  • TotalMonthlyIncome: 4820

Multi Family

  • Gross Scheduled Income: 75600
  • Net Operating Income: 57843
  • Number Of Units Total: 3
  • Electric Expense: 4574
  • Insurance Expense: 2000
  • Leasable Area: 1902
  • EnergySource: Electric
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2025
  • Tax Annual Amount: 5090

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 $4,611 $483,300 $214,900 $268,400
2023 $4,611 $438,500 $177,500 $261,000
2022 $4,719 $437,000 $154,200 $282,800
2021 $3,867 $382,100 $156,900 $225,200
2020 $3,714 $289,200 $117,100 $172,100
2019 $3,489 $271,300 $90,500 $180,800
2018 $3,609 $258,800 $95,900 $162,900
2017 $3,150 $242,400 $93,500 $148,900
2016 $2,750 $220,200 $85,800 $134,400
2014 -- $211,100 $85,800 $125,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2025 06/20/25 Price Changed $649,000 +0.6% $341 / Sq Ft
06/20/2025 06/20/25 For Sale $645,000 -- $339 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $600,000 Thurston County Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Chicago Title
Warranty Deed $282,000 Stewart Title Of Western
Warranty Deed $205,000 First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $450,000 New Conventional
Previous Owner $198,600 New Conventional
Previous Owner $211,000 Unknown
Previous Owner $211,500 Purchase Money Mortgage
Previous Owner $164,000 Unknown
Closed $30,750 No Value Available
Source: Public Records

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2393941

Northwest Multiple Listing Service (NWMLS)

APN: 12817310901