1815 Karen Frazier Road SE, Olympia, WA 98501
- $699,950
- 2,207
- SqFt
Listing courtesy of Blue Summit Realty LLC.
- List Price
- $699,950
- Status
- ACTIVE
- MLS#
- 2528865
- Days on Market
- 64
- Style
- 52 - Duplex
- Building Condition
- Very Good
- Finished SqFt
- 2,207
- Area Total SqFt
- 2207
- Annual Tax Ammount
- 7803
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 5,150
- Sewer
- Sewer Connected
Property Description
Like new investment opportunity in the heart of Olympia. This duplex style home features a 3 bedroom, 2.5 bath main home with an attached 2 bedroom, 1 bath ADU. Both homes features solid surface flooring throughout, granite counters throughout, stainless appliances, high efficiency mini split heat pump systems with air conditioning, and energy efficient insulation and lighting packages. Built in 2022 and exceptionally maintained. Long term leases in place and a great cap rate with room for continued growth. Exterior features custom accents and fenced rear yards. Close to all amenities and freeway access, with top rated Olympia schools nearby.
/u.realgeeks.media/pnwcasas/PNWCasas_BLK_Logo.jpg){kind=logo}
Additional Information
- List Date
- 2026-05-24 01:43:12
- Community
- Olympia
- Net Operating Income
- $41,355
- Gross Adjusted Income
- $51,903
- Gross Scheduled Income
- $52,428
- Total Monthly Income
- $4,324
- Insurance Expenses
- $1,350
- Water/Sewer/Garbage Expenses
- $1,920
- Gross Rent Multiplier
- 13.5
- Total Expenses
- $11,073
- Cap Rate
- 5.9
- Vacancy Rate
- 1
- Total Number of Units
- 2
- Unit Name
- 1815
- Potential Terms
- Cash, Conventional, VA Loan
- Year Built
- 2022
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially, High Speed Internet, Patio
- Energy Source
- Electric
- School District
- Olympia
- Total Monthly Income
- $4,324
- Gross Scheduled Income
- $52,428
- Vacancy Rate
- 1
- Gross Adjusted Income
- $51,903
- Tax Year
- 2026
- Insurance Expense
- $1,350
- W/S/G Expenses
- $1,920
- Total Expenses
- $11,073
- Net Operating Income
- $41,355
- Gross Rent Multiplier
- 13.5
- Cap Rate
- 5.9
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.