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+12534953939
Real Broker LLC
408 9th Avenue SE, Olympia, WA 98501
- $449,500
- 1,306
- SqFt
Listing Broker: Windermere Prof Partners; Mark Kitabayashi; ; Selling Office: John L. Scott Lacey.
- Sold Price
- $449,500
- List Price
- $449,500
- Status
- SOLD
- MLS#
- 2457132
- Closing Date
- Dec 22, 2025
- Days on Market
- 175
- Style
- 52 - Duplex
- Building Condition
- Average
- Finished SqFt
- 1,306
- Area Total SqFt
- 1306
- Annual Tax Ammount
- 4809
- Internet Provider
- Dish/Comcast
- Lot Size (sq ft)
- 2,478
- Sewer
- Sewer Connected
Property Description
Great Opportunity to own a well-maintained Duplex in downtown Olympia. Live in one and rent the other one or rent them both. 2 Units currently occupied and generating income. Unit #1 is 1 BR, 1 BA 832sf with private access to side/back yard, Unit #2 is upstairs unit with 1 BR, 1 BA 474 sf. Both units are equipped with R/O, Dishwasher, Fridge, W/D. Cap Rate of over 5%. 3 blocks from Capitol Campus, 1/2 block to Olympia Library and US Post office. Contact your agent or listing agent for more information.
Additional Information
- List Date
- 2025-06-30 00:00:00
- Community
- Olympia
- Net Operating Income
- $23,233
- Gross Adjusted Income
- $3,546
- Gross Scheduled Income
- $3,546
- Total Monthly Income
- $2,950
- Insurance Expenses
- $2,618
- Water/Sewer/Garbage Expenses
- $3,000
- Gross Rent Multiplier
- 12.99
- Total Expenses
- $12,227
- Cap Rate
- 5.04
- Total Number of Units
- 2
- Unit Name
- 408
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1920
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Fully, Gas Available, High Speed Internet
- Other Expenses
- 1800
- Energy Source
- Electric, Natural Gas
- School District
- Olympia
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $2,950
- Gross Scheduled Income
- $3,546
- Gross Adjusted Income
- $3,546
- Tax Year
- 2025
- Insurance Expense
- $2,618
- W/S/G Expenses
- $3,000
- Total Expenses
- $12,227
- Net Operating Income
- $23,233
- Gross Rent Multiplier
- 12.99
- Cap Rate
- 5.04
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.