Presented by: RE/MAX Advantage and NWMLS
Property Description
Turnkey Olympia duplex with solid cash flow and low owner expenses. Both units are rented month-to-month, producing $2,600/mo with owner costs of $512/mo, offering immediate income and stability. Well-maintained property in a quiet SE Olympia neighborhood close to shopping, parks, and commuter routes. Each unit features living spaces and dedicated parking. Ideal for investors or owner-occupants seeking reliable rental income.
Interior Features
Bedrooms
Bedrooms Upper0
Bathrooms
Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0
Other Interior Features
Air Conditioning Y/NYes
Fireplace Y/NNo
FlooringVinyl, Carpet
Heating Y/NYes
Power Production TypeElectric, Wood
Total Fireplaces0
Total Stories1
General
Building Area Units0 sqft
Cap Rate4.55
Carport Spaces0
Carport Y/NNo
CityTumwater
CoolingForced Air
CountyThurston
DirectionsI-5 South exit 103 toward 2nd Ave, L on Custer Way, R on Cleveland Ave, L on Primrose to duplex on left.
Electric Expense0
Elementary SchoolBuyer To Verify
Fuel Expense0
Garage Spaces1
HOANo
HOA Fee$0
HeatingForced Air
High SchoolBuyer To Verify
High School DistrictTumwater
Insurance Expense900
Leasable Area1,802 sqft
Listing TermsConventional, VA Loan
Living Area0 sqft
Lot Size Square Feet7,200 sqft
Lot Size UnitsSquare Feet
MLS Area448 - Olympia South
Middle/Junior High SchoolBuyer To Verify
NWM_ShowMapLinkY
Net Operating Income25048
New ConstructionNo
Number Of Units Total3
PossessionClosing
Property Style52 - Duplex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksTurnkey Olympia duplex with solid cash flow and low owner expenses. Both units are rented month-to-month, producing $2, 600/mo with owner costs of $512/mo, offering immediate income and stability. Well-
RoofComposition, Torch Down
Security FeaturesPartially Fenced
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeDuplex
Subdivision NameTumwater
Tax Annual Amount$5,252
Tax Year2026
Units Below Gradefalse
Units In Building Total2
ViewTerritorial
Water CompanyCity of Tumwater
Water Sewer Garbage0
Year Built1969
Exterior
Building Area Total1,802 sqft
Covered Spaces2
Exterior AmenitiesWood Products
Foundation DetailsConcrete Ribbon
Irrigation Water Rights Y/NNo
Lot FeaturesSecluded, Sidewalk
Lot Size Acres0.1653
Parking Uncovered Total2
Site FeaturesCable TV, Fenced-Partially
Total Parking4
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
Elementary School
Buyer To Verify Elementary School
High School
Buyer To Verify High School
Middle School
Buyer To Verify Middle School
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