231 Thomas Street NW, Olympia, WA 98502

$495,000
1,120
SqFt

Listing courtesy of Group 7 Inc., Real Estate Serv.

List Price
$495,000
Status
PENDING INSPECTION
MLS#
2226613
Days on Market
10
Style
52 - Duplex
Finished SqFt
1,120
Area Total SqFt
1120
Annual Tax Ammount
3937
Internet Provider
Xfinity
Lot Size (sq ft)
5,500
Sewer
Sewer Connected

Property Description

Great starter or investment home! Live in one side and collect rent from the other. Units feature wall to wall carpet covering hardwood floors, there are built-ins and archways in this charming 1948 duplex with detached double car garage giving a single bay to each unit. Separately metered utilities and electricity. Basically no vacancy over the years. Great West-side location and schools. Across the street from Woodruff Park! Unit at 231 will give notice to vacate within 60 days of closing. All leases are month to month.

Additional Information

List Date
2024-04-25 01:17:08
Community
Westside
Net Operating Income
$19,518
Gross Adjusted Income
$19,518
Gross Scheduled Income
$24,360
Total Monthly Income
$1,910
Insurance Expenses
$905
Gross Rent Multiplier
20
Total Expenses
$4,842
Cap Rate
3.94
Total Number of Units
2
Unit Name
231
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1948
View
See Remarks, Territorial
Roof
Composition
Site Features
Cable TV, High Speed Internet
Energy Source
Natural Gas
School District
Olympia
Elementary School
Garfield Elem
Middle School
Jefferson Mid
High School
Capital High
Total Monthly Income
$1,910
Gross Scheduled Income
$24,360
Gross Adjusted Income
$19,518
Tax Year
2024
Insurance Expense
$905
Total Expenses
$4,842
Net Operating Income
$19,518
Gross Rent Multiplier
20
Cap Rate
3.94
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright. Data last updated at .

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks