9041 Steilacoom Road SE, Olympia, WA 98513

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Listing Broker: Riley Jackson Real Estate Inc.; Bird Bethje; ; Selling Office: Simply Home Realty, LLC.

Sold Price
$591,050
List Price
$650,000
Status
SOLD
MLS#
2455155
Closing Date
Feb 03, 2026
Style
52 - Duplex
Finished SqFt
2,468
Area Total SqFt
2468
Annual Tax Ammount
5999
Lot Size (sq ft)
22,301
Sewer
Sewer Connected

Property Description

Fantastic investment opportunity in Olympia! This well-maintained duplex features two spacious 3-bedroom, 2-bathroom units, each offering comfortable living and thoughtful updates. Enjoy cozy evenings by the fireplace, fresh interior paint throughout! Unit B also has new flooring including vinyl planking and carpet. The property boasts a large yard—perfect for outdoor living—and plenty of parking for residents and guests. A brand-new roof adds peace of mind and long-term value. Conveniently located near schools, shopping, and commuter routes, this duplex is ideal for investors or owner-occupants alike!

Additional Information

Community
Olympia
Net Operating Income
$41,490
Gross Adjusted Income
$49,140
Gross Scheduled Income
$49,140
Total Monthly Income
$4,095
Insurance Expenses
$1,650
Gross Rent Multiplier
13.2
Total Expenses
$7,649
Cap Rate
6.3
Total Number of Units
2
Unit Name
9041
Potential Terms
Cash, Conventional
Year Built
1995
Roof
Composition
Site Features
Cable TV, Fenced-Partially
Energy Source
Electric, Natural Gas
School District
North Thurston
Total Monthly Income
$4,095
Gross Scheduled Income
$49,140
Gross Adjusted Income
$49,140
Tax Year
2025
Insurance Expense
$1,650
Total Expenses
$7,649
Net Operating Income
$41,490
Gross Rent Multiplier
13.2
Cap Rate
6.3
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.

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