Sold

Listed by: Olympic Sotheby's Int'l Realty • John Stormans

Bought with: Olympic Sotheby's Int'l Realty

$600,000

4518 Ridgewood Court NW, Olympia, WA 98502

6beds

4baths

2,436sqft

Duplex, Multi Family

Built in 1970

-- sqft lot

$598,300 Zestimate^®

$246/sqft

$1,925 Estimated rent

Home value

$598,300

$562,000 - $634,000

$1,925/mo

Zestimate^® history

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$1,925/mo

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$3,655/mo

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$3,655/mo

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What's special

Large backyardsWooded communityBrick sidingUpdated flooringPrivate lotGreat open floor plan

Well built duplex with great rental history and market leading rents on the popular Cooper Point peninsula. Private lot in a quite wooded community creates an ideal setting for an investor or owner occupant. Large 1200+ sqft units with great open floor plan, 3 beds, 1.5 baths, and attached 1 car garage. Vacant unit has updated flooring, paint, and a fully redone main bath. Brick siding is easy to maintain and will protect your investment from the weather. Large backyards for both units give space to run around and spread out. In a rental environment where solid returns are hard to find, this property offers market beating income.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 4

Heating

Baseboard, Electric

Cooling

None

Features

Flooring: Laminate, Carpet
Has fireplace: No

Interior area

Total structure area: 2,436
Total interior livable area: 2,436 sqft

Property

Parking

Total spaces: 4
Parking features: RV Parking
Covered spaces: 2
Uncovered spaces: 2

Features

Has view: Yes
View description: Territorial

Lot

Size: 0.57 Acres
Features: Cul-De-Sac, Dead End Street, Paved, Cable TV, Patio, RV Parking

Details

Parcel number: 70730000201
Special conditions: Standard

Construction

Type & style

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

Materials

Brick, Wood Siding, Wood Products
Foundation: Poured Concrete
Roof: Composition

Condition

Year built: 1970

Utilities & green energy

Electric: Company: PSE
Sewer: Septic Tank, Company: Septic
Water: Community, Company: Thurston PUD

Community & HOA

Community

Subdivision: Cooper Point

Location

Region: Olympia

Financial & listing details

Price per square foot: $246/sqft
Tax assessed value: $631,800
Annual tax amount: $7,049
Date on market: 10/30/2025
Cumulative days on market: 265 days
Listing terms: Conventional,FHA,VA Loan

Price history

Date	Event	Price
11/14/2025	Sold	$600,000-4%$246/sqft
Source: NWMLS as distributed by MLS GRID #2425784 Report a problem
10/13/2025	Pending sale	$625,000$257/sqft
Source: NWMLS as distributed by MLS GRID #2425784 Report a problem
8/27/2025	Listed for sale	$625,000+34.4%$257/sqft
Source: NWMLS as distributed by MLS GRID #2425784 Report a problem
11/25/2020	Sold	$465,000+30.3%$191/sqft
Source: NWMLS as distributed by MLS GRID #1671697 Report a problem
11/19/2018	Sold	$357,000-0.8%$147/sqft
Source: NWMLS as distributed by MLS GRID #1371565 Report a problem
10/12/2018	Pending sale	$360,000$148/sqft
Source: Keller Williams Realty Olympia #1371565 Report a problem
10/6/2018	Listed for sale	$360,000+27.2%$148/sqft
Source: Keller Williams Realty Olympia #1371565 Report a problem
10/31/2008	Sold	$283,000-4.1%$116/sqft
Source: Public Record Report a problem
9/26/2008	Listed for sale	$295,000$121/sqft
Source: Coldwell Banker** #28111304 Report a problem
8/22/2008	Listing removed	$295,000$121/sqft
Source: Coldwell Banker** #28111304 Report a problem
8/8/2008	Price change	$295,000-9.2%$121/sqft
Source: Coldwell Banker** #28111304 Report a problem
7/12/2008	Listed for sale	$325,000$133/sqft
Source: Coldwell Banker** #28111304 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$7,049 +29.1%	$631,800 +31.1%
2023	$5,460 0%	$481,800 -1.8%
2022	$5,461 +6.7%	$490,600 +22.2%
2021	$5,117 -5.2%	$401,600 +4%
2020	$5,397 +37.1%	$386,100 +0.4%
2019	$3,936 -4.6%	$384,500 +24.5%
2018	$4,125 +34.9%	$308,900 +3.5%
2017	$3,057	$298,500 +29.8%
2016	$3,057	$229,950 +4.9%
2014	$3,057	$219,300 +9.9%
2013	--	$199,550
2012	$2,978	--
2011	--	--
2010	--	--
2009	$3,039	--
2008	--	--
2007	$2,881 -34.7%	--
2006	$4,415 +55.2%	--
2005	$2,844	--
2004	--	--
2002	--	--
2001	$2,392 +2.8%	$147,500 +2.9%
2000	$2,328	$143,400