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Listed by: Blue Summit Realty LLC

$699,950

1823 Karen Frazier Road SE, Olympia, WA 98501

5beds

3baths

2,207sqft

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Duplex

Built in 2022

-- sqft lot

$695,100 Zestimate^®

$317/sqft

$-- HOA

What's special

Granite counters throughoutCustom accentsFenced rear yardsStainless appliancesSolid surface flooring throughout

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.

20 days

233

18

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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: 76000600111
Zoning description: Residential,Jurisdiction: City
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Duplex
Property subtype: Duplex

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: $673,100
Annual tax amount: $7,661
Date on market: 5/22/2026
Cumulative days on market: 22 days
Listing terms: Conventional,VA Loan

Estimated market value

$695,100

$660,000 - $730,000

$2,608/mo

Price history

Date	Event	Price
5/23/2026	Listed for sale	$699,950$317/sqft
Source: NWMLS as distributed by MLS GRID #2528804 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$7,052 +21.1%	$673,100 +20.9%
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

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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