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+12534953939
Real Broker LLC
4518 Ridgewood Court NW, Olympia, WA 98502
- $600,000
- 2,436
- SqFt
Listing Broker: Olympic Sotheby's Int'l Realty; John Stormans; ; Selling Office: Olympic Sotheby's Int'l Realty.
- Sold Price
- $600,000
- List Price
- $625,000
- Status
- SOLD
- MLS#
- 2425784
- Closing Date
- Nov 14, 2025
- Style
- 52 - Duplex
- Finished SqFt
- 2,436
- Area Total SqFt
- 2436
- Annual Tax Ammount
- 7049
- Lot Size (sq ft)
- 24,997
- Sewer
- Septic Tank
Property Description
Well built duplex with great rental history and market leading rents on the popular Cooper Point peninsula. Private lot in a quite wooded community creates an ideal setting for an investor or owner occupant. Large 1200+ sqft units with great open floor plan, 3 beds, 1.5 baths, and attached 1 car garage. Vacant unit has updated flooring, paint, and a fully redone main bath. Brick siding is easy to maintain and will protect your investment from the weather. Large backyards for both units give space to run around and spread out. In a rental environment where solid returns are hard to find, this property offers market beating income.
Additional Information
- Community
- Cooper Point
- Net Operating Income
- $43,751
- Gross Adjusted Income
- $52,800
- Gross Scheduled Income
- $52,800
- Total Monthly Income
- $4,400
- Insurance Expenses
- $2,000
- Total Expenses
- $9,049
- Cap Rate
- 7
- Total Number of Units
- 2
- Unit Name
- 4518
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1970
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Patio, RV Parking
- Energy Source
- Electric
- School District
- Olympia
- Total Monthly Income
- $4,400
- Gross Scheduled Income
- $52,800
- Gross Adjusted Income
- $52,800
- Tax Year
- 2025
- Insurance Expense
- $2,000
- Total Expenses
- $9,049
- Net Operating Income
- $43,751
- Cap Rate
- 7
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.