7039 7041 Lazy Court SW, Tumwater, WA 98512
- $680,000
- 2,974
- SqFt
Listing courtesy of Epic Realty.
- List Price
- $680,000
- Status
- ACTIVE
- MLS#
- 2558449
- Days on Market
- 4
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 2,974
- Area Total SqFt
- 2974
- Annual Tax Ammount
- 7177
- Lot Size (sq ft)
- 7,001
- Sewer
- Available, Sewer Connected
Property Description
Opportunity meets flexibility in this well-maintained, rent-ready duplex located in a great Tumwater location! Each spacious unit offers 1,487 square feet, featuring 3 bedrooms, 2.5 bathrooms, a one-car garage, and additional parking, & fully fenced backyards. Thoughtfully designed floor plans provide plenty of living space, making them attractive to owner-occupants, and tenants alike. This property has seen significant recent improvements, including a brand-new roof, new furnaces and water heaters in both units, refreshed landscaping, and new carpet and LVP flooring in the vacant unit. These upgrades help minimize near-term maintenance expenses while providing peace of mind for years to come. The vacant unit (#7041) is move-in ready and offers immediate flexibility, whether you choose to occupy it yourself or capitalize on current market rents. The neighboring unit (#7039) is currently leased at $2,200 monthly and goes month to month on 10/1/26 creating reliable income today while preserving future options. Ideally situated near schools, shopping, dining, parks, and everyday essentials, with convenient access to major commuting routes, this duplex benefits from a location that continues to attract strong tenant demand. Whether your goal is generating cash flow, reducing housing costs, building equity, or growing your investment portfolio, this versatile property offers the rare combination of immediate income, major capital improvements in the sought-after Tumwater market.
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Additional Information
- List Date
- 2026-07-22 16:28:14
- Community
- Tumwater
- Net Operating Income
- $45,536
- Gross Adjusted Income
- $54,000
- Gross Scheduled Income
- $49,850
- Total Monthly Income
- $2,200
- Insurance Expenses
- $1,287
- Total Expenses
- $8,464
- Cap Rate
- 6.7
- Total Number of Units
- 2
- Unit Name
- 7039 7041
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 2003
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Fully, Gas Available, Patio
- Energy Source
- Electric, Natural Gas
- School District
- Tumwater
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $2,200
- Gross Scheduled Income
- $49,850
- Gross Adjusted Income
- $54,000
- Tax Year
- 2026
- Insurance Expense
- $1,287
- Total Expenses
- $8,464
- Net Operating Income
- $45,536
- Cap Rate
- 6.7
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.