Listed by Olympic Sotheby's Int'l Realty
$600,000
PENDING $50K PRICE DROP

Estimated payment $3,791/month

Total Views 11,532
6 Beds
4 Baths
2,588 Sq Ft
$232 Price per Sq Ft

Highlights

  • Deck
  • No HOA
  • High Speed Internet
  • Lincoln Elementary School Rated A-
  • Cul-De-Sac
  • Partially Fenced Property

About This Home

Well-maintained and full of classic charm, this 2,588+/- sq ft duplex is a rare find in Olympia’s highly desirable South Capitol neighborhood. Each unit offers 3 spacious bedrooms and 2 bathrooms, blending vintage character with functional living. A fantastic investment opportunity, this property provides strong cash flow potential for investors or is ideal for owner-occupants looking to offset their mortgage with rental income. Located just minutes from the Capitol Campus and vibrant downtown Olympia, enjoy easy access to shops, dining, parks, and more. Whether you're building your portfolio or seeking a home with added financial benefit, this duplex delivers flexibility, charm, and prime location. Come see today!

Listing Agent

John Stormans

Olympic Sotheby's Int'l Realty License #130340 Listed on: 05/23/2025

Olympic Sotheby's Int'l Realty

Co-Listing Agent

Jim Greene

Olympic Sotheby's Int'l Realty License #23709

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2380406

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,332

Year Built

  • Built in 1960

Lot Details

  • 8,276 Sq Ft Lot
  • Cul-De-Sac
  • Partially Fenced Property

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 2,588 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Capital Campus Subdivision

Listing and Financial Details

  • Assessor Parcel Number 09690024000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,332

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 52 - Duplex
  • Year Built: 1960
  • MLS Status: Pending Inspection
  • Prev Status: Pending
  • New Construction: No
  • CalculatedSquareFootage: 2588
  • Special Features: VirtualTour
  • Cumulative Days on Market: 102

Interior Features

  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Cul-De-Sac, Curbs, Sidewalk
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Partially Fenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Other – See Remarks
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: City of Olympia
  • WaterCompany: City of Olympia
  • CableConnected: Xfinity
  • InternetConnected: Xfinity
  • WaterSewerGarbage: 3000

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Olympia

Lot Info

  • Parcel Number: 09690024000
  • Lot Size Acres: 0.19
  • Lot Size Sq Ft: 8276
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet
  • MLSLotSizeSource: Realist

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 4500

Multi Family

  • Gross Scheduled Income: 50000
  • Net Operating Income: 38668
  • Number Of Units Total: 2
  • Insurance Expense: 2000
  • Leasable Area: 2588
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2025
  • Tax Annual Amount: 6332

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 $6,065 $604,300 $271,600 $332,700
2023 $6,065 $580,000 $214,100 $365,900
2022 $4,921 $525,900 $198,900 $327,000
2021 $4,731 $411,800 $144,800 $267,000
2020 $4,436 $366,400 $106,400 $260,000
2019 $3,796 $335,100 $149,700 $185,400
2018 $3,865 $286,900 $112,400 $174,500
2017 $3,188 $255,000 $80,200 $174,800
2016 $2,404 $215,450 $106,550 $108,900
2014 -- $192,000 $112,500 $79,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2025 08/17/25 Pending -- -- --
07/31/2025 07/31/25 Price Changed $600,000 -4.0% $232 / Sq Ft
07/11/2025 07/11/25 Price Changed $625,000 -3.8% $241 / Sq Ft
05/23/2025 05/23/25 For Sale $650,000 -- $251 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $155,000 Thurston County Title Co
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $190,000 New Conventional
Closed $30,000 Credit Line Revolving
Closed $209,950 Fannie Mae Freddie Mac
Closed $152,600 New Conventional
Closed $35,000 Credit Line Revolving
Closed $124,000 No Value Available
Source: Public Records

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2380406

Northwest Multiple Listing Service (NWMLS)

APN: 09690024000