8% Cap Rate! 3 units on 2/3 acre on Olympia's Westside. Duplex plus single family home. Unit A: 1 bed / 1 full bath w/ attached carport; Unit B: Studio Apt w/ full bath. Unit C: 2 bed / 1 full bath & loft. Updated interiors. Property has wide circular driveway w/ 4 additional parking spaces. Accessibility cannot be beat! One block to bus stop and 1/4 mile to 101 freeway. Owner will pay for professional placement of new tenants for all units. All units are currently operating as a 4.78-star Airbnbs. Furnishings can be purchased outside of closing for $10,000. Please do not disturb guests. Tours available - must be accompanied by an agent.
Sold
Listed by:
Julie Brannberg,
Kenzie Properties LLC
Bought with: Better Properties N. Proctor
$600,000
507 Kaiser Road NW, Olympia, WA 98502
3beds
3baths
1,902sqft
Triplex
Built in 1970
-- sqft lot
$614,800 Zestimate®
$315/sqft
$2,295 Estimated rent
Home value
$614,800
$572,000 - $658,000
$2,295/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 05, 2024 at 05:48am
Listed by:
Julie Brannberg,
Kenzie Properties LLC
Bought with:
Gretchen Nogler, 113393
Better Properties N. Proctor
Source: NWMLS,MLS#: 2180926
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Heating
- Baseboard
Cooling
- Has cooling: Yes
Features
- Flooring: Laminate, Vinyl, Vinyl Plank, Carpet
- Has fireplace: No
Interior area
- Total structure area: 1,902
- Total interior livable area: 1,902 sqft
Property
Parking
- Total spaces: 6
- Parking features: RV Parking
- Carport spaces: 1
- Uncovered spaces: 5
Features
- Patio & porch: Laminate, Wall to Wall Carpet
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.63 Acres
- Features: Paved, Cable TV, High Speed Internet, Outbuildings, Patio, RV Parking
Details
- Parcel number: 12817310901
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Wood Siding
- Roof: Composition
Condition
- Good
- Year built: 1970
Utilities & green energy
- Electric: Company: PSE
- Sewer: Septic Tank, Company: Septic
- Water: Individual Well, Company: Individual Well
- Utilities for property: Xfinity, Xfinity
Community & neighborhood
Location
- Region: Olympia
- Subdivision: Westside
Other
Other facts
- Listing terms: Cash Out,Conventional
- Cumulative days on market: 611 days
Price history
| Date | Event | Price |
|---|---|---|
| 3/19/2024 | Sold | $600,000-2.8%$315/sqft |
Source:  NWMLS #2180926 Report a problem | ||
| 1/8/2024 | Pending sale | $617,000$324/sqft |
Source: NWMLS #2180926 Report a problem | ||
| 1/8/2024 | Listed for sale | $617,000+118.8%$324/sqft |
Source: NWMLS #2180926 Report a problem | ||
| 9/8/2005 | Sold | $282,000$148/sqft |
Source: NWMLS #25076537 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 98502
Nearby schools
GreatSchools rating
- 3/10McLane Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 8/10Thurgood Marshall Middle SchoolGrades: 6-8Distance: 1.3 mi
- 8/10Capital High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Mclane Elem
- Middle: Marshall Middle
- High: Capital 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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