3145 5th Avenue NW, Olympia, WA 98502

$795,000
2,992
SqFt

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Listing courtesy of Pacific Residential Brokers.

List Price
$795,000
Status
ACTIVE
MLS#
2513663
Price Change
▼ $55,000 1782274225
Days on Market
91
Style
52 - Duplex
Finished SqFt
2,992
Area Total SqFt
2992
Annual Tax Ammount
8968
Lot Size (sq ft)
8,862
Sewer
Sewer Connected

Property Description

Solid investment opportunity in West Olympia! This fully occupied duplex features two spacious 3BD/2.5BA units with strong rental income. Solid 4.12% cap rate makes this an attractive addition to any investment portfolio. Both units tenant occupied — please do not disturb tenants. Showings following accepted offer.

Additional Information

List Date
2026-04-26 23:13:13
Community
Cooper Point
Net Operating Income
$35,048
Gross Adjusted Income
$53,880
Gross Scheduled Income
$53,880
Total Monthly Income
$4,490
Insurance Expenses
$2,500
Water/Sewer/Garbage Expenses
$2,400
Gross Rent Multiplier
15.78
Total Expenses
$18,832
Cap Rate
4.12
Total Number of Units
2
Unit Name
3145
Potential Terms
Conventional, FHA, VA Loan
Year Built
2006
Roof
Composition
Electric Expenses
2664
Other Expenses
1200
Energy Source
Electric
School District
Olympia
Total Monthly Income
$4,490
Gross Scheduled Income
$53,880
Gross Adjusted Income
$53,880
Tax Year
2026
Insurance Expense
$2,500
W/S/G Expenses
$2,400
Total Expenses
$18,832
Net Operating Income
$35,048
Gross Rent Multiplier
15.78
Cap Rate
4.12
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.
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