Sold

Listed by: Olympic Sotheby's Int'l Realty • Carlee Hjelm

Bought with: Gateway Real Estate

$585,000

1432 Kimtah Court NE, Olympia, WA 98516

4beds

2baths

1,965sqft

Duplex, Multi Family

Built in 1968

-- sqft lot

$579,200 Zestimate^®

$298/sqft

$2,136 Estimated rent

Home value

$579,200

$539,000 - $626,000

$2,136/mo

Zestimate^® history

Owner options

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$2,136/mo

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$2,136/mo

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$3,727/mo

Est. payment

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$3,727/mo

Est. payment

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What's special

Hood ventsWood-burning fireplacesModern appliancesRadiant ceiling heatUpdated bathsPrivate cul-de-sac settingSlider for indoor-outdoor living

Fully fenced & situated on over a quarter acre, this single-story duplex presents a compelling investment opportunity with healthy income potential. Updated baths, new interior paint, hood vents, fencing, & modern appliances, this turnkey asset is ready for occupancy or leasing. Flowing layout with wood-burning fireplaces, radiant ceiling heat & a slider for indoor-outdoor living. Ideal for an owner-occupant seeking to offset expenses by living in one unit while renting the other, or an investor capitalizing on market rents & passive income (currently renters pay all utilities). Private cul-de-sac setting creates solitude, while conveniently located to shopping centers, parks, freeway & JBLM is 15+ minutes away. Please respect tenant privacy!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2

Heating

Radiant, Electric

Cooling

None

Features

Flooring: Laminate
Has fireplace: No

Interior area

Total structure area: 1,965
Total interior livable area: 1,965 sqft

Property

Parking

Total spaces: 6
Parking features: Garage
Garage spaces: 2
Uncovered spaces: 4

Features

Has view: Yes
View description: Territorial

Lot

Size: 0.3 Acres
Features: Cul-De-Sac, Paved, Cable TV, Fenced-Fully, Patio

Details

Parcel number: 78770008700
Zoning description: Jurisdiction: City
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Duplex
Property subtype: Duplex, Multi Family

Materials

Wood Siding
Foundation: Poured Concrete
Roof: Composition

Condition

Year built: 1968
Major remodel year: 1990

Utilities & green energy

Electric: Company: PSE
Sewer: Sewer Connected, Company: City of Lacey
Water: Public, Company: City of Lacey

Community & HOA

Community

Subdivision: Lacey

HOA

HOA fee: $150 annually

Location

Region: Olympia

Financial & listing details

Price per square foot: $298/sqft
Tax assessed value: $507,300
Annual tax amount: $5,412
Date on market: 5/30/2026
Cumulative days on market: 53 days
Listing terms: Conventional,FHA,VA Loan

Price history

Date	Event	Price
5/28/2026	Sold	$585,000-1.7%$298/sqft
Source: NWMLS as distributed by MLS GRID #2481566 Report a problem
3/20/2026	Pending sale	$595,000$303/sqft
Source: NWMLS as distributed by MLS GRID #2481566 Report a problem
2/20/2026	Listed for sale	$595,000+14.6%$303/sqft
Source: NWMLS as distributed by MLS GRID #2481566 Report a problem
10/3/2024	Sold	$519,000-0.2%$264/sqft
Source: NWMLS as distributed by MLS GRID #2254946 Report a problem
8/22/2024	Pending sale	$520,000$265/sqft
Source: NWMLS as distributed by MLS GRID #2254946 Report a problem
6/21/2024	Listed for sale	$520,000+116.8%$265/sqft
Source: NWMLS as distributed by MLS GRID #2254946 Report a problem
11/25/2005	Sold	$239,900+54.8%$122/sqft
Source: NWMLS as distributed by MLS GRID #25128596 Report a problem
3/6/2002	Sold	$155,000$79/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$5,412 +13.1%	$507,300 +4.5%
2023	$4,785 +15.8%	$485,400 +17.3%
2022	$4,132 +8.2%	$413,800 +31.4%
2021	$3,817 +4%	$314,900 +11.6%
2020	$3,671 +24.8%	$282,100 -0.4%
2019	$2,941 -16.2%	$283,200 +11.6%
2018	$3,508 +54%	$253,700 +26.2%
2017	$2,277	$201,050 +3.2%
2016	$2,277	$194,850 +20.3%
2014	$2,277	$161,950 +6.8%
2013	--	$151,650
2012	$1,963	--
2011	--	--
2010	--	--
2009	$2,443	--
2008	--	--
2007	$2,256 -32.6%	--
2006	$3,347 +49.1%	--
2005	$2,245	--
2004	--	--