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
Price cut: $25K (9/18)
$674,950
1823 Karen Frazier Road SE, Olympia, WA 98501
5beds
3baths
2,207sqft
Duplex, Multi Family
Built in 2022
-- sqft lot
$673,600 Zestimate®
$306/sqft
$-- HOA
What's special
Granite counters throughoutCustom accentsFenced rear yardsStainless appliancesSolid surface flooring throughout
- --
- on Zillow
- 103
- views
- 4
- saves
Zillow last checked:
Listing updated:
Listed by:
Brian J Dermanoski,
Blue Summit Realty LLC
Source: NWMLS as distributed by MLS GRID,MLS#: 2528804
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, 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: $306/sqft
- Tax assessed value: $726,000
- Annual tax amount: $7,661
- Date on market: 5/23/2026
- Listing terms: Conventional,VA Loan
Estimated market value
$673,600
$640,000 - $707,000
$2,195/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/18/2026 | Price change | $674,950-3.6%$306/sqft |
Source:  NWMLS as distributed by MLS GRID #2528804 Report a problem | ||
| 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 |
|---|---|---|
| 2025 | $7,662 +8.6% | $726,000 +7.9% |
| 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
Est. payment
Payment breakdown
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Neighborhood: 98501
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