522 H Street SW, Tumwater, WA 98512
- $360,000
- 1,040
- SqFt
Listing courtesy of NextHome Northwest Group. Selling Office: ZNonMember-Office-MLS.
- Sold Price
- $360,000
- List Price
- $409,900
- Status
- SOLD
- MLS#
- 2465094
- Closing Date
- Jul 16, 2026
- Days on Market
- 150
- Style
- 52 - Duplex
- Building Condition
- Average
- Finished SqFt
- 1,040
- Area Total SqFt
- 1040
- Annual Tax Ammount
- 3056
- Lot Size (sq ft)
- 7,500
- Sewer
- Sewer Connected
Property Description
Great investment opportunity from a well maintained duplex with additional assigned parking (6 total). Big 7500 sqft corner lot with potential for additional units and spectacular city and territorial views. Low maintenance yards for easy upkeep. Hardwood flooring in both units keeping maintenance and repair cost down. Newer Mini ductless split in vacant unit providing AC & Heat for better rent. Unit 524 is vacant for a great owner occupied opportunity and comfort. Common area utility room with washer & dryer. Cap rate based on 2024 tax return, current cap rate potential much higher. Conveniently located on Tumwater Hill with quick access to I-5, HWY 101, JBLM, schools, shopping, and parks.
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Additional Information
- List Date
- 2026-02-16 00:00:00
- Community
- Tumwater Hill
- Net Operating Income
- $23,922
- Gross Adjusted Income
- $30,600
- Gross Scheduled Income
- $30,600
- Total Monthly Income
- $2,800
- Insurance Expenses
- $641
- Water/Sewer/Garbage Expenses
- $2,400
- Gross Rent Multiplier
- 13
- Total Expenses
- $6,678
- Cap Rate
- 6
- Total Number of Units
- 2
- Unit Name
- 522
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1950
- View
- City, Territorial
- Roof
- Composition
- Site Features
- Cable TV, Gas Available
- Electric Expenses
- 581
- Energy Source
- Electric, Natural Gas
- School District
- Tumwater
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $2,800
- Gross Scheduled Income
- $30,600
- Gross Adjusted Income
- $30,600
- Tax Year
- 2024
- Insurance Expense
- $641
- W/S/G Expenses
- $2,400
- Total Expenses
- $6,678
- Net Operating Income
- $23,922
- Gross Rent Multiplier
- 13
- Cap Rate
- 6
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.