7011 7017 Lazy Court SW, Tumwater, WA 98512
- $669,950
- 2,974
- SqFt
Listing courtesy of Epic Realty. Selling Office: RE/MAX Northwest.
- Sold Price
- $669,950
- List Price
- $669,950
- Status
- SOLD
- MLS#
- 2502966
- Closing Date
- May 08, 2026
- Days on Market
- 4
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 2,974
- Area Total SqFt
- 2974
- Annual Tax Ammount
- 6442
- Lot Size (sq ft)
- 9,851
- Sewer
- Available, Sewer Connected
Property Description
Excellent rent-ready duplex in a highly desirable Tumwater location, ideal for investors or buyers looking to live comfortably while offsetting their mortgage. Each unit offers 1,487 sq ft with 3 bedrooms, 2.5 bathrooms, a 1-car garage, extra off-street parking, and fully fenced backyards. The spacious, practical layout works well for roommates or long-term tenants, giving this property strong rental appeal and everyday livability. Recent updates include a brand-new roof, refreshed landscaping, and new carpet in the vacant unit, plus new furnaces and water heaters in both units, helping reduce near-term maintenance costs and offering peace of mind. The vacant side (#7017) is move-in ready—perfect for an owner-occupant or for leasing immediately at current market rents. The second unit (#7011) is rented at $2,100/month and transitions to month-to-month on May 1, 2026, providing flexibility for future plans. Located close to schools, shopping, dining, parks, and essential services, with easy access to major routes, this duplex supports long-term stability and strong demand. Whether you're building an investment portfolio or seeking a smart way to create monthly savings and long-term equity, this property offers versatility, low-maintenance living, and solid appreciation potential in a proven Tumwater market.
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Additional Information
- List Date
- 2026-05-04 00:00:00
- Community
- Tumwater
- Net Operating Income
- $42,121
- Gross Adjusted Income
- $49,850
- Gross Scheduled Income
- $49,850
- Total Monthly Income
- $2,100
- Insurance Expenses
- $1,287
- Total Expenses
- $7,729
- Cap Rate
- 6.3
- Total Number of Units
- 2
- Unit Name
- 7011 7017
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 2003
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Fully, Gas Available
- 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
- $2,100
- Gross Scheduled Income
- $49,850
- Gross Adjusted Income
- $49,850
- Tax Year
- 2025
- Insurance Expense
- $1,287
- Total Expenses
- $7,729
- Net Operating Income
- $42,121
- Cap Rate
- 6.3
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