INVESTOR ALERT! Incredible investment opportunity with this like-new duplex in Northeast Lacey, offering over 7% CAP rate and minimal maintenance. This property features completely updated units - brand new paint, flooring, & electrical (fully permitted & updated to current code). Private patios & RV Parking w/ dedicated 30amp service, perfect for additional rental income or personal use. Side A is vacant and ready for showing; Side B is tenant-occupied. Both units are identical, mirror image floorplans. Transform this property into an easy 3 unit revenue-generating investment with minimal effort. Minutes from I-5 at Nisqually. Owner is also willing to convey trailer storage which has historical rental income of additional $150/month.
Sold
Listed by: Kenzie Properties LLC • Julie Brannberg
Bought with: Riley Jackson Real Estate Inc.
$581,000
10905 Kuhlman Road SE, Olympia, WA 98513
--beds
--baths
1,980sqft
Duplex, Multi Family
Built in 1979
-- sqft lot
$608,700 Zestimate®
$293/sqft
$2,255 Estimated rent
Home value
$608,700
$578,000 - $639,000
$2,255/mo
Zestimate® history
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$3,557/mo
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List your homeWhat's special
Rv parkingBrand new paintCompletely updated unitsTrailer storage
Zillow last checked:
Listing updated:
Listed by:
Julie Brannberg,
Kenzie Properties LLC
Bought with:
Javal Patel, 20110959
Riley Jackson Real Estate Inc.
Source: NWMLS as distributed by MLS GRID,MLS#: 2249035
Facts & features
Interior
Heating
- Baseboard, Electric
Cooling
- None
Features
- Flooring: See Remarks, Vinyl, Vinyl Plank, Carpet
- Has fireplace: No
Interior area
- Total structure area: 1,980
- Total interior livable area: 1,980 sqft
Property
Parking
- Total spaces: 6
- Parking features: RV Parking
- Covered spaces: 2
- Uncovered spaces: 4
Features
- Patio & porch: Wall to Wall Carpet
- Has view: Yes
- View description: Territorial
Lot
- Size: 1.29 Acres
- Dimensions: 200 x 289
- Features: Paved, Cable TV, Fenced-Partially, Gas Available, High Speed Internet, Patio, RV Parking
Details
- Parcel number: 81280005600
- Zoning description: Jurisdiction: County
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex, Multi Family
Materials
- Wood Siding, Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Very Good
- Year built: 1979
- Major remodel year: 2019
Utilities & green energy
- Electric: Company: PSE
- Sewer: Septic Tank, Company: Septic
- Water: Public, Company: City of Lacey
- Utilities for property: Xfinity, Xfinity
Community & HOA
Community
- Subdivision: Olympia
Location
- Region: Olympia
Financial & listing details
- Price per square foot: $293/sqft
- Tax assessed value: $405,600
- Annual tax amount: $3,300
- Date on market: 7/24/2024
- Cumulative days on market: 728 days
- Listing terms: Conventional,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 7/24/2024 | Sold | $581,000+5.7%$293/sqft |
Source:  NWMLS as distributed by MLS GRID #2249035 Report a problem | ||
| 6/9/2024 | Pending sale | $549,900$278/sqft |
Source: NWMLS as distributed by MLS GRID #2249035 Report a problem | ||
| 6/7/2024 | Listed for sale | $549,900+310.4%$278/sqft |
Source: NWMLS as distributed by MLS GRID #2249035 Report a problem | ||
| 6/26/2002 | Sold | $134,000$68/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,448 +33.5% | $405,600 +25.2% |
| 2023 | $3,333 +12.8% | $324,000 +14.6% |
| 2022 | $2,955 +7% | $282,600 +30.2% |
| 2021 | $2,761 -22.8% | $217,000 -19.1% |
| 2020 | $3,577 +43.9% | $268,100 -5% |
| 2019 | $2,485 -4.9% | $282,300 +37.6% |
| 2018 | $2,614 +17.1% | $205,100 +9% |
| 2017 | $2,234 | $188,200 +8.5% |
| 2016 | $2,234 | $173,500 +13.3% |
| 2014 | $2,234 | $153,150 +5% |
| 2013 | -- | $145,850 |
| 2012 | $1,911 | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | $2,317 | -- |
| 2008 | -- | -- |
| 2007 | $2,532 -23.9% | -- |
| 2006 | $3,326 | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2002 | -- | -- |
| 2001 | $1,884 -2% | $116,700 |
| 2000 | $1,923 | $116,700 |
Find assessor info on the county website
Neighborhood: 98513
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Nearby schools
GreatSchools rating
- 6/10Meadows Elementary SchoolGrades: PK-5Distance: 1.6 mi
- 5/10Salish Middle SchoolGrades: 6-8Distance: 2.8 mi
- 4/10River Ridge High SchoolGrades: 9-12Distance: 2 mi
Schools provided by the listing agent
- Elementary: Meadows Elem
- Middle: Salish Middle
- High: River Ridge High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$608,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$608,700
- Washington
- Thurston County
- Olympia
- 98513
- 10905 Kuhlman Road SE
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