4420 NW Ridgewood Court Unit #A & B, Olympia, WA 98502
- $499,000
- 2,116
- SqFt
Listing courtesy of The Rants Group.
- List Price
- $499,000
- Status
- PENDING
- MLS#
- 2510649
- Days on Market
- 31
- Style
- 52 - Duplex
- Building Condition
- Average
- Finished SqFt
- 2,116
- Area Total SqFt
- 2116
- Annual Tax Ammount
- 5554
- Lot Size (sq ft)
- 16,623
- Sewer
- Septic Tank
Property Description
Excellent rent-ready duplex in highly desirable West Side, Cooper Point location. Ideal for investors or buyers looking to live comfortably in while offsetting their mortgage. Each unit is 1058 sf with 2 bedrooms and 1 bathroom, a 1-car garage, guest parking on a quiet cul-de-sac. This cozy home features a large galley kitchen, dining room, spacious living room and a one-car garage with a laundry room and washer and dryer hookups. Double pane windows keep the elements at bay while the beautiful natural surroundings create a tranquil atmosphere. The vacant side (#A) is move in ready - perfect for an owner-occupant or for leasing immediately at current market rates. The second unit (#B) is occupied and rented at $1700/month and transitioning to a month-to-month lease on October 1, 2026, providing flexibility for future plans. Located close to schools, shopping, dining, parks and essential services, with easy access to major route. List of Recent Improvements: Unit A: New carpets (October 2024) Unit A: All new kitchen appliances (September 2024) Unit A: Refinished countertops in kitchen/bathroom (Sep 2024) Unit A: Full interior paint (September 2024) Unit B: Refinished countertops (September 2025) Unit B: Carpet replacement (August 2025) Unit B: Full interior paint (August 2025) Note: The other two duplexes in the cul-de-sac (4416 and 4424) are also available for sale.
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Additional Information
- List Date
- 2026-06-28 23:28:11
- Community
- Cooper Point
- Net Operating Income
- $14,846
- Gross Adjusted Income
- $20,400
- Gross Scheduled Income
- $40,800
- Total Monthly Income
- $1,700
- Gross Rent Multiplier
- 12.23
- Total Expenses
- $5,554
- Cap Rate
- 2.98
- Vacancy Rate
- 50
- Total Number of Units
- 2
- Unit Name
- 4420
- Potential Terms
- Cash, Conventional, VA Loan
- Year Built
- 1976
- Roof
- Composition
- Site Features
- High Speed Internet
- Energy Source
- Electric
- School District
- Olympia
- Elementary School
- Leland P Brown Elem
- Middle School
- Jefferson Mid
- High School
- Capital High
- Total Monthly Income
- $1,700
- Gross Scheduled Income
- $40,800
- Vacancy Rate
- 50
- Gross Adjusted Income
- $20,400
- Tax Year
- 2025
- Total Expenses
- $5,554
- Net Operating Income
- $14,846
- Gross Rent Multiplier
- 12.23
- Cap Rate
- 2.98
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.