18304 Nutmeg Street SW, Rochester, WA 98579
- $3,925,000
- 22,082
- SqFt
Listing Broker: Abbey Realty Inc; Joshua Abbey; ; Selling Office: The Foundation Group LLC.
- Sold Price
- $3,925,000
- List Price
- $4,300,000
- Status
- SOLD
- MLS#
- 2394255
- Closing Date
- Nov 12, 2025
- Days on Market
- 35
- Style
- 56 - 10+ Units
- Finished SqFt
- 22,082
- Area Total SqFt
- 22082
- Annual Tax Ammount
- 30204
- Lot Size (sq ft)
- 243,500
- Sewer
- Septic Tank
Property Description
20 unit duplex community for sale in Thurston County. Exceptional investment opportunity with this well-maintained 5.59 acre property of 10 duplexes, each unit featuring 2 bds, 1 ba, and a one-car garage. Features newer roofs, a shared well, and central shared park space. Units are designed for comfort and low maintenance. Just minutes to Centralia and only 20 minutes from Tumwater, this property boasts easy access to I-5 for seamless commuting. Long-term tenants love the location, sense of community, and the generous space, ensuring consistent occupancy and reliable cash flow. Priced to deliver a strong 7% cap rate, this turnkey investment is a rare find. Opportunity knocks—secure this high-performing, income-generating property.
Additional Information
- List Date
- 2025-10-08 00:00:00
- Community
- Rochester
- Net Operating Income
- $301,137
- Gross Adjusted Income
- $361,914
- Gross Scheduled Income
- $369,300
- Total Monthly Income
- $30,775
- Insurance Expenses
- $11,696
- Water/Sewer/Garbage Expenses
- $18,877
- Gross Rent Multiplier
- 11.64
- Total Expenses
- $60,777
- Cap Rate
- 7
- Vacancy Rate
- 2
- Total Number of Units
- 20
- Unit Name
- 18304
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1978
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially, Outbuildings
- Energy Source
- Electric
- School District
- Rochester
- Elementary School
- Buyer To Verify
- Middle School
- Rochester Mid
- High School
- Rochester High
- Total Monthly Income
- $30,775
- Gross Scheduled Income
- $369,300
- Vacancy Rate
- 2
- Gross Adjusted Income
- $361,914
- Tax Year
- 2024
- Insurance Expense
- $11,696
- W/S/G Expenses
- $18,877
- Total Expenses
- $60,777
- Net Operating Income
- $301,137
- Gross Rent Multiplier
- 11.64
- 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.