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.
Collateral Analytics
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ICE
ICE Mortgage Technology
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First American
First American
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Quantarium
Quantarium
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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
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
$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
07/30/202507/30/25
For Sale
$649,000
0.0%
$341 / Sq Ft
06/23/202506/23/25
Off Market
$649,000
--
--
06/20/202506/20/25
For Sale
$649,000
--
$341 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)
What a stellar South Capitol location with great views of Capitol Lake! On a street of fine old homes. Modest, cozy home w/ elements of Old World charm and beautiful, recently refinished red oak floors. Ideal owner occupant set-up with rental income.
This home is located at 507 Kaiser Rd NW Unit A,B,C, Olympia, WA 98502 and is currently priced at $649,000, approximately $341 per square foot. This property was built in 1943. 507 Kaiser Rd NW Unit A,B,C is a home located in Thurston County with nearby schools including McLane Elementary School, Thurgood Marshall Middle School, and Capital High School.
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