2414 - 2416 Mitchell Street NE, Olympia, WA 98506
- $530,000
- 1,750
- SqFt
Listing courtesy of RE/MAX Northwest. Selling Office: Keller Williams South Sound.
- Sold Price
- $530,000
- List Price
- $575,000
- Status
- SOLD
- MLS#
- 2469046
- Closing Date
- Mar 20, 2026
- Days on Market
- 36
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 1,750
- Area Total SqFt
- 1750
- Annual Tax Ammount
- 5146
- Internet Provider
- Comcast
- Lot Size (sq ft)
- 12,515
- Sewer
- Septic Tank
Property Description
Very well-maintained duplex in tranquil park-like setting on dead-end street within city limits, offering great tenant appeal and reliable strong investment performance. Exhaustive enhancements and repairs done with quality workmanship; as a result projected maintenance costs into the foreseeable future are extremely low (see supplements). Tenants value the prime yet very secluded location, resulting in a low vacancy rate and quick turnover. Each unit features 2 bedrooms,1 dual access bath, private & spacious yards, carport parking with storage lockers & garden sheds. Appliances included. Extremely solid, well-cared-for investment in a desirable rental location.
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Additional Information
- List Date
- 2026-02-12 00:00:00
- Community
- East Bay
- Net Operating Income
- $37,402
- Gross Adjusted Income
- $45,965
- Gross Scheduled Income
- $47,880
- Total Monthly Income
- $3,990
- Insurance Expenses
- $1,817
- Water/Sewer/Garbage Expenses
- $1,700
- Gross Rent Multiplier
- 12
- Total Expenses
- $8,663
- Cap Rate
- 6.49
- Vacancy Rate
- 4
- Total Number of Units
- 2
- Unit Name
- 2414 - 2416
- Potential Terms
- Cash, Conventional
- Year Built
- 1973
- Roof
- Composition
- Site Features
- Deck, Fenced-Partially, High Speed Internet
- Energy Source
- Electric
- School District
- Olympia
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $3,990
- Gross Scheduled Income
- $47,880
- Vacancy Rate
- 4
- Gross Adjusted Income
- $45,965
- Tax Year
- 2025
- Insurance Expense
- $1,817
- W/S/G Expenses
- $1,700
- Total Expenses
- $8,663
- Net Operating Income
- $37,402
- Gross Rent Multiplier
- 12
- Cap Rate
- 6.49
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.