4416 Ridgewood Court NW Unit #A & B, Olympia, WA 98502
- $499,000
- 1,808
- SqFt
Listing courtesy of The Rants Group.
- List Price
- $499,000
- Status
- ACTIVE
- MLS#
- 2510603
- Days on Market
- 80
- Style
- 52 - Duplex
- Building Condition
- Average
- Finished SqFt
- 1,808
- Area Total SqFt
- 1808
- Annual Tax Ammount
- 5435
- Lot Size (sq ft)
- 14,288
- Sewer
- Septic Tank
Property Description
Duplex Investment Opportunity in Olympia! Well-located duplex in the Cooper Point area offering flexibility for both investors and owner-occupants. This single-story property features two 2-bedroom, 1-bath units, each approximately 904 square feet, for a total of 1,808 square feet of living space. Unit A is currently occupied, providing immediate rental income, while Unit B is vacant and available for occupancy or lease-up. Each unit includes a functional layout with kitchen appliances (range/oven, refrigerator, dishwasher) and comfortable living spaces. Situated on a spacious ~0.33-acre lot in a cul-de-sac setting, the property offers a residential environment with convenient access to local amenities, services, and transportation routes. List of Recent Improvements: Re-roof (2025) Unit A: Refinished shower (April 2025), Unit A: New dryer (November 2024) Unit A: new kitchen appliances (November 2024) Unit B: New kitchen appliances (November 2025) Unit B: New carpets and vinyl (October 2024) Note: The other two duplexes in the cul-de-sac (4420 and 4424) are also available for sale.
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Additional Information
- List Date
- 2026-05-07 18:43:14
- Community
- Cooper Point
- Net Operating Income
- $14,365
- Gross Adjusted Income
- $19,800
- Gross Scheduled Income
- $39,600
- Gross Rent Multiplier
- 12.6
- Total Expenses
- $5,435
- Cap Rate
- 2.88
- Vacancy Rate
- 50
- Total Number of Units
- 2
- Unit Name
- 4416
- Potential Terms
- Cash, Conventional, VA Loan
- Year Built
- 1981
- Roof
- Composition
- Site Features
- High Speed Internet
- Energy Source
- Electric
- School District
- Olympia
- Elementary School
- Buyer To Verify
- High School
- Buyer To Verify
- Gross Scheduled Income
- $39,600
- Vacancy Rate
- 50
- Gross Adjusted Income
- $19,800
- Tax Year
- 2026
- Total Expenses
- $5,435
- Net Operating Income
- $14,365
- Gross Rent Multiplier
- 12.6
- Cap Rate
- 2.88
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.