Great opportunity to own a well-maintained duplex on the Eastside of Olympia with a 7.3% CAP RATE. Both units are 2 bedroom, 1 bathroom attached garages with large, fenced backyards on a dead-end street. Tenants pay water, garbage and the property is on septic so there’s no monthly sewer cost to tenants. Seller is selling three other duplexes on the same street with the same floor plan and CAP RATE.
Sold
Listed by: Olympic Sotheby's Int'l Realty • Tommy Lowe
Bought with: ZNonMember-Office-MLS
$475,000
2429 Mitchell Avenue NE, Olympia, WA 98506
4beds
2baths
1,584sqft
Quadruplex, Multi Family
Built in 1971
-- sqft lot
$473,600 Zestimate®
$300/sqft
$2,061 Estimated rent
Home value
$473,600
$440,000 - $507,000
$2,061/mo
Zestimate® history
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List your homeWhat's special
Attached garagesLarge fenced backyards
Zillow last checked:
Listing updated:
Listed by:
Tommy Lowe,
Olympic Sotheby's Int'l Realty,
Jesse Heberlein,
Olympic Sotheby's Int'l Realty
Bought with:
Unrepresentd ZDefault
ZNonMember-Office-MLS
Source: NWMLS as distributed by MLS GRID,MLS#: 2447769
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Baseboard, Electric
Cooling
- None
Features
- Flooring: Vinyl Plank
- Has fireplace: No
Interior area
- Total structure area: 1,584
- Total interior livable area: 1,584 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage
- Garage spaces: 2
Lot
- Size: 8,502 Square Feet
- Features: Dead End Street, Cable TV, Fenced-Fully, High Speed Internet, Patio
Details
- Parcel number: 68900400600
- Zoning description: Multi-Family,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 4-Plex
- Property subtype: Quadruplex, Multi Family
Materials
- Wood Products
- Foundation: Slab
- Roof: Metal
Condition
- Year built: 1971
Utilities & green energy
- Electric: Company: PSE
- Sewer: Septic Tank, Company: Septic
- Water: Public, Company: City of Olympia
- Utilities for property: Comcast, Comcast
Community & HOA
Community
- Subdivision: Bigelow
Location
- Region: Olympia
Financial & listing details
- Price per square foot: $300/sqft
- Tax assessed value: $454,000
- Annual tax amount: $4,759
- Date on market: 1/25/2026
- Cumulative days on market: 178 days
- Listing terms: Conventional,FHA
Price history
| Date | Event | Price |
|---|---|---|
| 1/23/2026 | Sold | $475,000-5%$300/sqft |
Source:  NWMLS as distributed by MLS GRID #2447769 Report a problem | ||
| 11/21/2025 | Pending sale | $500,000$316/sqft |
Source: NWMLS as distributed by MLS GRID #2447769 Report a problem | ||
| 10/24/2025 | Listed for sale | $500,000+11.1%$316/sqft |
Source: NWMLS as distributed by MLS GRID #2447769 Report a problem | ||
| 2/20/2023 | Sold | $450,000-5.3%$284/sqft |
Source: NWMLS as distributed by MLS GRID #2019801 Report a problem | ||
| 1/12/2023 | Pending sale | $475,000$300/sqft |
Source: NWMLS as distributed by MLS GRID #2019801 Report a problem | ||
| 12/1/2022 | Listed for sale | $475,000$300/sqft |
Source: NWMLS as distributed by MLS GRID #2019801 Report a problem | ||
| 9/6/2019 | Listing removed | $1,200$1/sqft |
Source: Stability Properties Report a problem | ||
| 7/4/2019 | Listed for rent | $1,200$1/sqft |
Source: Stability Properties, LLC Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,760 +0.5% | $454,000 +0.3% |
| 2023 | $4,736 +29.6% | $452,700 +23.7% |
| 2022 | $3,655 +7.1% | $366,100 +28.3% |
| 2021 | $3,412 -9.1% | $285,300 -1.8% |
| 2020 | $3,752 +34.8% | $290,400 +19.2% |
| 2019 | $2,783 -6.5% | $243,600 +7.7% |
| 2018 | $2,975 +35.5% | $226,200 +11.7% |
| 2017 | $2,196 | $202,500 +10.5% |
| 2016 | $2,196 | $183,200 +4.5% |
| 2014 | $2,196 | $175,300 +14.8% |
| 2013 | -- | $152,700 |
| 2012 | $2,061 | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | $1,940 | -- |
| 2008 | -- | -- |
| 2007 | $1,802 -36.3% | -- |
| 2006 | $2,832 +72.7% | -- |
| 2005 | $1,639 | -- |
| 2004 | -- | -- |
| 2002 | -- | -- |
| 2001 | $1,525 +12% | $97,800 +12.5% |
| 2000 | $1,362 | $86,900 |
Find assessor info on the county website
Neighborhood: Upper Eastside
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Nearby schools
GreatSchools rating
- 7/10Roosevelt Elementary SchoolGrades: K-5Distance: 1 mi
- 8/10Reeves Middle SchoolGrades: 6-8Distance: 1.5 mi
- 9/10Olympia High SchoolGrades: 9-12Distance: 2.4 mi
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Estimated market value
$473,600
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$473,600
- Washington
- Thurston County
- Olympia
- 98506
- Upper Eastside
- 2429 Mitchell Avenue NE
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