Like new investment opportunity in the heart of Olympia. This duplex style home features a 3 bedroom, 2.5 bath main home with an attached 2 bedroom, 1 bath ADU. Both homes features solid surface flooring throughout, granite counters throughout, stainless appliances, high efficiency mini split heat pump systems with air conditioning, and energy efficient insulation and lighting packages. Built in 2022 and exceptionally maintained. Long term leases in place and a great cap rate with room for continued growth. Exterior features custom accents and fenced rear yards. Close to all amenities and freeway access, with top rated Olympia schools nearby.
Active
Listed by: Blue Summit Realty LLC • Brian J Dermanoski
$699,950
1815 Karen Frazier Road SE, Olympia, WA 98501
5beds
3baths
2,207sqft
:
Get pre-qualified$4,421/mo
Duplex, Multi Family
Built in 2022
-- sqft lot
$696,100 Zestimate®
$317/sqft
$-- HOA
What's special
- 80 days |
- 177 |
- 8 |
Zillow last checked:
Listing updated:
Listed by:
Brian J Dermanoski,
Blue Summit Realty LLC
Source: NWMLS as distributed by MLS GRID,MLS#: 2528865
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Heating
- 90%+ High Efficiency, Ductless, Wall Furnace, Electric
Cooling
- 90%+ High Efficiency, Ductless
Features
- Flooring: Vinyl Plank
- Has fireplace: No
Interior area
- Total structure area: 2,207
- Total interior livable area: 2,207 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage
- Garage spaces: 2
- Uncovered spaces: 2
Lot
- Size: 5,148 Square Feet
- Features: Curbs, Paved, Sidewalk, Cable TV, Fenced-Partially, High Speed Internet, Patio
Details
- Parcel number: 76000600107
- Zoning description: Residential,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex, Multi Family
Materials
- Cement/Concrete, Wood Siding, Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Very Good
- Year built: 2022
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: Olympia
- Water: Company: Olympia
- Utilities for property: Xfinity, Xfinity
Community & HOA
Community
- Subdivision: Olympia
Location
- Region: Olympia
Financial & listing details
- Price per square foot: $317/sqft
- Tax assessed value: $685,100
- Annual tax amount: $7,803
- Date on market: 5/23/2026
- Cumulative days on market: 81 days
- Listing terms: Conventional
Estimated market value
$696,100
$661,000 - $731,000
$2,468/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/24/2026 | Listed for sale | $699,950$317/sqft |
Source:  NWMLS as distributed by MLS GRID #2528865 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $7,177 +23.3% | $685,100 +23.1% |
| 2023 | $5,822 -5.1% | $556,700 -9.5% |
| 2022 | $6,135 +835.5% | $615,200 +1035.1% |
| 2021 | $656 | $54,200 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 98501
Nearby schools
GreatSchools rating
- 8/10McKenny Elementary SchoolGrades: PK-5Distance: 1 mi
- 8/10Washington Middle SchoolGrades: 6-8Distance: 0.8 mi
- 9/10Olympia High SchoolGrades: 9-12Distance: 1.3 mi
- $699,9505 bd3 ba2.2k sqft1819 Karen Frazier Rd SE, Olympia, WA 98501For Sale
- $699,9505 bd3 ba2.2k sqft1823 Karen Frazier Rd SE, Olympia, WA 98501For Sale
- $790,0006 bd6 ba2.7k sqft1816 Chipman St SE, Olympia, WA 98501Sold
- $796,0006 bd6 ba2.7k sqft1820 Chipman St SE, Olympia, WA 98501Sold
- $620,0004 bd3 ba2.2k sqft1803 Karen Frazier Rd SE, Olympia, WA 98501Sold
- $795,0006 bd6 ba2.7k sqft1824 Chipman St SE, Olympia, WA 98501Sold
- $--5,148 sqftLOT Karen Frazier Rd SE #I, Olympia, WA 98501Off Market
- $--5,148 sqftLOT Karen Frazier Rd SE, Olympia, WA 98501Off Market
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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