Share this with your friends
+12534953939
Real Broker LLC
1432 Kimtah Court NE, Olympia, WA 98516
- $585,000
- 1,965
- SqFt
Listing Broker: Olympic Sotheby's Int'l Realty; Carlee Hjelm; ; Selling Office: Gateway Real Estate.
- Sold Price
- $585,000
- List Price
- $595,000
- Status
- SOLD
- MLS#
- 2481566
- Closing Date
- May 28, 2026
- Days on Market
- 28
- Style
- 52 - Duplex
- Finished SqFt
- 1,965
- Area Total SqFt
- 1965
- Annual Tax Ammount
- 5412
- Lot Size (sq ft)
- 13,004
- Sewer
- Sewer Connected
Property Description
Fully fenced & situated on over a quarter acre, this single-story duplex presents a compelling investment opportunity with healthy income potential. Updated baths, new interior paint, hood vents, fencing, & modern appliances, this turnkey asset is ready for occupancy or leasing. Flowing layout with wood-burning fireplaces, radiant ceiling heat & a slider for indoor-outdoor living. Ideal for an owner-occupant seeking to offset expenses by living in one unit while renting the other, or an investor capitalizing on market rents & passive income (currently renters pay all utilities). Private cul-de-sac setting creates solitude, while conveniently located to shopping centers, parks, freeway & JBLM is 15+ minutes away. Please respect tenant privacy!
Additional Information
- List Date
- 2026-04-30 00:00:00
- Community
- Lacey
- Net Operating Income
- $35,110
- Gross Adjusted Income
- $45,600
- Gross Scheduled Income
- $45,600
- Total Monthly Income
- $3,570
- Insurance Expenses
- $1,500
- Gross Rent Multiplier
- 13
- Total Expenses
- $10,490
- Cap Rate
- 5.9
- Total Number of Units
- 2
- Unit Name
- 1432
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1968
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Fully, Patio
- Other Expenses
- 3578
- Energy Source
- Electric
- School District
- North Thurston
- Total Monthly Income
- $3,570
- Gross Scheduled Income
- $45,600
- Gross Adjusted Income
- $45,600
- Tax Year
- 2025
- Insurance Expense
- $1,500
- Total Expenses
- $10,490
- Net Operating Income
- $35,110
- Gross Rent Multiplier
- 13
- Cap Rate
- 5.9
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.