8111 58th Avenue SE, Olympia, WA 98513

$634,950
2,550
SqFt

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Listing courtesy of Keller Williams Rty Tacoma.

List Price
$634,950
Status
ACTIVE
MLS#
2545983
Days on Market
31
Style
52 - Duplex
Building Condition
Good
Finished SqFt
2,550
Area Total SqFt
2550
Annual Tax Ammount
7298.05
Lot Size (sq ft)
18,731
Sewer
Septic Tank

Property Description

Great investment opportunity! Nestled among a grove of mature trees for exceptional privacy, this well-maintained 2,550 sq ft duplex offers the perfect blend of peaceful living and income potential with scenic views of Pattison Lake. Each spacious unit features 1,275 sqft of comfortable living space with 2 bedrooms, 2 bathrooms, vaulted ceilings, central heat, and an attached one-car garage. Enjoy the beauty of lake living with public access just down the street and a nearby boat launch, making it easy to spend your days fishing, kayaking, or enjoying the water. Tucked away in a quiet neighborhood, this property offers a peaceful retreat while still being conveniently close to schools, shopping, restaurants, and everyday amenities. Whether you're looking to expand your portfolio or invest in a property with strong long-term potential, this duplex offers a rare combination of privacy, location, and lifestyle.

Additional Information

List Date
2026-06-25 21:14:21
Community
Pattison Lake
Net Operating Income
$33,486
Gross Adjusted Income
$41,895
Gross Scheduled Income
$44,100
Total Monthly Income
$3,675
Insurance Expenses
$1,111
Gross Rent Multiplier
14.4
Total Expenses
$8,409
Cap Rate
5.27
Vacancy Rate
5
Total Number of Units
2
Unit Name
8111
Potential Terms
Cash, Conventional, FHA, VA Loan
Year Built
1976
View
Lake
Roof
Composition
Site Features
Cable TV, Deck, Gas Available, High Speed Internet
Energy Source
Electric, Natural Gas
School District
North Thurston
Elementary School
Woodland Elem
Middle School
Nisqually Mid
High School
Timberline High
Total Monthly Income
$3,675
Gross Scheduled Income
$44,100
Vacancy Rate
5
Gross Adjusted Income
$41,895
Tax Year
2026
Insurance Expense
$1,111
Total Expenses
$8,409
Net Operating Income
$33,486
Gross Rent Multiplier
14.4
Cap Rate
5.27
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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