$475,000
SOLD FEB 19, 2025
-- Bed
-- Bath
3,222 Sq Ft
10,454 Sq Ft Lot

Recently Sold

$147 Per Sq Ft

5% Below List Price

9 Days on Market

Highlights

  • Storage
  • Heating unit installed on the ceiling
  • Level Lot
  • Central Air
  • Laundry Facilities

About This Home

As of February 2025

Prime Investment Opportunity in Thurston! This well-maintained 4-plex offers 2-bedroom, 1-bath units with storage, patios or decks, and assigned carport parking. The property includes recent exterior paint and a low-maintenance yard.Located near the Thurston LTD bus station, shopping, and freeway access, ensuring resident convenience. Strong rental history with below-market rents and all month-to-month agreements presents income potential! Ideal for investors seeking location and growth opportunity. Please do not disturb tenants. Reach out to listing agent with questions.

Last Agent to Sell the Property

Naseem Hamide

Works Real Estate License #201237039 Listed on: 12/31/2024

Last Buyer's Agent

Skye Leach

Knipe Realty ERA Powered License #201241651

Knipe Realty ERA Powered

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,342

Year Built

  • Built in 1979

Lot Details

  • 10,454 Sq Ft Lot
  • Level Lot

Home Design

  • Composition Roof

Interior Spaces

  • 3,222 Sq Ft Home
  • 2-Story Property
  • Storage
  • Security Lights

Parking

  • 4 Parking Spaces
  • Carport

Schools

  • Riverbend Elementary School
  • Agnes Stewart Middle School
  • Thurston High School

Utilities

  • Central Air
  • Heating unit installed on the ceiling
  • Electric Water Heater

Listing and Financial Details

  • Rent includes trashcollection, water
  • Assessor Parcel Number 1254422

Community Details

Building Details

  • Operating Expense $11,996
  • Gross Income $35,710
  • Net Operating Income $23,714

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,342

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1979
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Storage: Attached
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: Other
  • Lot Size: 10,000 to 14,999 SqFt
  • View: No
  • Lot Features: Level
  • Road Surface Type: Concrete
  • Roof: Composition

Garage/Parking

  • Parking Description: Carport
  • Attached Garage: No
  • Total Parking Spaces: 4.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Security: SecurityLights, Sidewalk
  • Cooling: AirConditioningReady
  • Cooling Y N: No
  • Heating: Ceiling
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Laundry

Schools

  • Elementary School: Riverbend
  • High School: Thurston
  • Middle Or Junior School: Agnes Stewart

Lot Info

  • Zoning: MDR
  • Lot Size Acres: 0.24
  • Lot Size Sq Ft: 10454.0
  • Parcel #: 1254422

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 5342.14

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 14.0
  • Annual Gross Income: 35710.0
  • Property Net Operating Income: 23714.0
  • Annual Operating Expense: 11996.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 31, 2024
Closed on
Feb 14, 2025
Sold by
Khawaja Maha Sami
Bought by
Hansen Home Solutions Llc
Seller's Agent
Naseem Hamide
Works Real Estate
Buyer's Agent
Skye Leach
Knipe Realty ERA Powered
List Price
$499,900
Sold Price
$475,000
Premium/Discount to List
-$24,900
-4.98%
Views
30
Current Estimated Value
$480,061

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,061
Avg. Annual Appreciation
2.76%
Original Mortgage
$300,000
Outstanding Balance
$251,428
Interest Rate
6.93%
Mortgage Type
Construction
Estimated Equity
$227,857

Purchase Details

Closed on
Oct 29, 2015
Sold by
Madalia Llc
Bought by
Khawaja Maha Sami

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 2012
Sold by
J2k2 Residential Llc
Bought by
Madalia Llc

Purchase Details

Closed on
Jan 9, 2009
Sold by
Khawaja M Sami
Bought by
J2k2 Residential Llc

Purchase Details

Closed on
May 8, 2008
Sold by
Shequin Mark E and Shequin Diane A
Bought by
Khawaja Ph D M Sami

Purchase Details

Closed on
Aug 23, 2005
Sold by
Shirk Allen S and Shirk Patricia G
Bought by
Shequin Mark E and Shequin Diane A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,800
Interest Rate
5.64%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 5, 2000
Sold by
Shirk Patricia G
Bought by
Shirk Patricia G and Shirk Allen S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,700
Interest Rate
8.01%

Purchase Details

Closed on
Jun 30, 2000
Sold by
Jacobsen Mary Jeanne and Oppenheimer Linda G
Bought by
Shirk Patricia G
Source: Public Records

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Range of Values:

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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 $475,000 Fidelity National Title
Bargain Sale Deed -- Fidelity Natl Title Co Of Or
Warranty Deed $240,000 First American Title
Warranty Deed -- Cascade Title Co
Warranty Deed $267,000 Evergreen Land Title Company
Warranty Deed $266,000 Cascade Title Co
Interfamily Deed Transfer -- Cascade Title Co
Warranty Deed $179,900 Cascade Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $300,000 Construction
Previous Owner $120,000 New Conventional
Previous Owner $157,500 New Conventional
Previous Owner $212,800 Fannie Mae Freddie Mac
Previous Owner $191,250 Unknown
Previous Owner $35,700 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/19/2025 02/19/25 Sold $475,000 -5.0% $147 / Sq Ft
01/09/2025 01/09/25 Pending -- -- --
12/31/2024 12/31/24 For Sale $499,900 -- $155 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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
2023 $5,342 $279,120 $0 $0
2022 $4,948 $270,991 $0 $0
2021 $4,859 $263,099 $0 $0
2020 $4,717 $255,436 $0 $0
2019 $4,575 $247,997 $0 $0
2018 $4,313 $233,761 $0 $0
2017 $4,147 $233,761 $0 $0
2016 $4,028 $226,952 $0 $0
2015 $3,934 $220,342 $0 $0
2014 $3,885 $213,924 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24562366

Regional Multiple Listing Service (RMLS)

APN: 1254422