507 Kaiser Road NW, Olympia, WA 98502

WA, Olympia
$617,000
  • 1,902 Sqft
  • Residential Income Property Type
  • 1970 Year Built
  • Closed Status
Property Description

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.

Source: NWMLS
Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 2180926
  • Price: $617,000
  • View: Territorial
  • Square Footage: 1,902 Sqft
  • Year Built: 1970
  • Lot Area: 0.63 Acre
  • Status: Closed
  • Office Name: Kenzie Properties LLC
  • Agent Name: Julie Brannberg
  • Property Sub Type: Multi-Family
  • Roof: Composition
Features
  • Heating System Baseboard, Wall Unit(s)
  • Cooling System Window Unit A/C
  • Parking RV Parking
  • Carport Spaces: 1
  • Exterior Features Wood
  • Flooring Carpet, Vinyl Plank, Vinyl, Laminate
  • Interior Features Wall to Wall Carpet, Laminate
  • Sewer Septic Tank
Address Map
  • Country US
  • State WA
  • County Thurston
  • City Olympia
  • Zipcode 98502
  • Street: Kaiser
  • Street Number: 507
  • Street Suffix: Road
  • Longitude: W123° 2' 22''
  • Latitude: N47° 3' 1.8''
  • Directions: East on Mud Bay / Harrison, Right on Kaiser to property on Right.
  • Mls Area Major: 444 - Olympia Westside
  • Street Dir Suffix: NW
Neighborhood
  • Elementary School: Mclane Elem
  • High School: Capital High
  • High School District: Olympia
  • Middle School: Marshall Middle
Additional Information
  • Water Source: Individual Well
  • Stories Total: 2
  • Possible Use: Office,Residential
  • On Market Date: 2023-11-17
  • Number Of Units Total: 3
  • Lot Features: Paved
Financial
  • Tax Annual Amount: 4385
Listing Information
  • List Agent Mls Id: 100167
  • List Office Mls Id: 5765
  • Listing Term: Cash Out,Conventional
  • Mls Status: Sold
  • Modification Timestamp: 2024-09-05T12:48:02Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2024-03-22T21:43:25Z
Rene  Orona
Rene Orona SKYLINE PROPERTIES, INC.
  • +1-425-891-8162
  • rene@brokerofrealestate.com
  • 50 116TH AVE SE STE 120 Bellevue, WA 98004, United States
  • +1-425-732-9211

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