2429 Mitchell Avenue NE, Olympia, WA 98506
- $475,000
- 1,584
- SqFt
Listing courtesy of Olympic Sotheby's Int'l Realty. Selling Office: ZNonMember-Office-MLS.
- Sold Price
- $475,000
- List Price
- $500,000
- Status
- SOLD
- MLS#
- 2447769
- Closing Date
- Jan 23, 2026
- Days on Market
- 28
- Style
- 54 - 4-Plex
- Finished SqFt
- 1,584
- Area Total SqFt
- 1584
- Annual Tax Ammount
- 4759
- Internet Provider
- Comcast
- Lot Size (sq ft)
- 8,505
- Sewer
- Septic Tank
Property Description
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.
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Additional Information
- List Date
- 2025-12-26 00:00:00
- Community
- Bigelow
- Gross Scheduled Income
- $43,200
- Total Monthly Income
- $3,600
- Insurance Expenses
- $1,620
- Total Expenses
- $6,379
- Cap Rate
- 7.36
- Total Number of Units
- 2
- Unit Name
- 2429
- Potential Terms
- Cash, Conventional, FHA
- Year Built
- 1971
- Roof
- Metal
- Site Features
- Cable TV, Fenced-Fully, High Speed Internet, Patio
- Energy Source
- Electric
- School District
- Olympia
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $3,600
- Gross Scheduled Income
- $43,200
- Tax Year
- 2025
- Insurance Expense
- $1,620
- Total Expenses
- $6,379
- Cap Rate
- 7.36
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