Fantastic duplex ready for owner occupant or investor! One side has been thoroughly remodeled and is ready for occupancy. Fresh paint, new flooring, new cabinets/countertops, new tub/shower, mini-split and more. This duplex is the perfect kind of long term real estate investment, units are always rented, vacancy is low. The garages divide the units for noise privacy. Washer/dryer hookup are in the garages. Efficient floor plan w/ 2 bedrooms and 1 bath on each side. Vacant side proforma at $1750 per month, long term tenant in occupied side with room for rent increase over time. Good location for JBLM commuters, near bus line for easy transportation. A real gem!
Sold
Listed by:
Philip Harlan,
Keller Williams South Sound
Bought with: Real Broker LLC
$550,000
4720 - 4722 Carpenter Road SE, Olympia, WA 98513
--beds
--baths
1,560sqft
Duplex
Built in 1977
-- sqft lot
$546,900 Zestimate®
$353/sqft
$2,340 Estimated rent
Home value
$546,900
$509,000 - $591,000
$2,340/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: August 11, 2025 at 04:04am
Listed by:
Philip Harlan,
Keller Williams South Sound
Bought with:
Barbra Rich, 22023236
Real Broker LLC
Source: NWMLS,MLS#: 2371064
Facts & features
Interior
Heating
- Baseboard, Ductless, Electric
Cooling
- Ductless
Features
- Flooring: Vinyl, Vinyl Plank, Carpet
- Windows: Thermal Windows
- Has fireplace: No
Interior area
- Total structure area: 1,560
- Total interior livable area: 1,560 sqft
Property
Parking
- Total spaces: 4
- Parking features: Open
- Covered spaces: 2
- Uncovered spaces: 2
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.26 Acres
- Dimensions: 136 x 86
- Features: Corner Lot, Curbs, Dead End Street, Paved, Sidewalk, Cable TV, Fenced-Partially, High Speed Internet
Details
- Parcel number: 11835230401
- Zoning description: Residential,Jurisdiction: County
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Good
- Year built: 1977
- Major remodel year: 1991
Utilities & green energy
- Electric: Company: PSE
- Sewer: Septic Tank, Company: on site septic
- Water: Public, Company: City of Lacey
- Utilities for property: Buyer To Verify, Buyer To Verify
Green energy
- Energy efficient items: Thermal Windows
Community & neighborhood
Location
- Region: Olympia
- Subdivision: Pattison Lake
Other
Other facts
- Listing terms: Cash Out,Conventional,FHA,VA Loan
- Cumulative days on market: 16 days
Price history
| Date | Event | Price |
|---|---|---|
| 7/11/2025 | Sold | $550,000$353/sqft |
Source:  NWMLS #2371064 Report a problem | ||
| 6/6/2025 | Pending sale | $550,000$353/sqft |
Source: NWMLS #2371064 Report a problem | ||
| 5/28/2025 | Listed for sale | $550,000$353/sqft |
Source: NWMLS #2371064 Report a problem | ||
| 5/12/2025 | Pending sale | $550,000$353/sqft |
Source: NWMLS #2371064 Report a problem | ||
| 5/6/2025 | Listed for sale | $550,000$353/sqft |
Source: NWMLS #2371064 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 98513
Nearby schools
GreatSchools rating
- 8/10Woodland Elementary SchoolGrades: K-5Distance: 0.2 mi
- 2/10Nisqually Middle SchoolGrades: 6-8Distance: 3.1 mi
- 7/10Timberline High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: Woodland Elem
- Middle: Nisqually Mid
- High: Timberline High
Source: NWMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$546,900