4502 Ridgewood Court NW, Olympia, WA 98502

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Listing Broker: Blue Summit Realty LLC; Brian J Dermanoski; 360-280-1980; brian@nwchoice.com

List Price
$649,950
Status
ACTIVE
MLS#
2593601
Days on Market
54
Style
52 - Duplex
Building Condition
Very Good
Finished SqFt
2,231
Area Total SqFt
2231
Annual Tax Ammount
3172
Internet Provider
xfinity
Lot Size (sq ft)
19,133
Sewer
Septic Tank

Property Description

Brand new, high quality home with attached additional dwelling unit in great location. With 5 bedrooms in total, (4 bedroom septic) the main home features 3 bedrooms and 2.25 bathrooms. Both units feature deluxe island kitchens with solid quartz counters, stainless appliances including refrigerators, very nice LVP flooring, high efficiency heat pumps/energy packages and efficient lighting for cost savings on your energy bills. Additional dwelling unit is 1 story with 2 bedrooms and 1 full bath. Enormous lot has tons of parking and ample room for a shop.

Additional Information

List Date
2026-08-20 18:58:13
Community
Westside
Net Operating Income
$46,364
Gross Adjusted Income
$52,806
Gross Scheduled Income
$53,340
Total Monthly Income
$4,445
Insurance Expenses
$1,350
Water/Sewer/Garbage Expenses
$1,920
Gross Rent Multiplier
12.18
Total Expenses
$6,442
Cap Rate
7.1
Vacancy Rate
1
Total Number of Units
2
Unit Name
4502
Potential Terms
Cash, FHA, VA Loan
Year Built
2026
Roof
Composition
Site Features
Cable TV, Fenced-Partially, High Speed Internet, Patio
Energy Source
Electric
School District
Olympia
Total Monthly Income
$4,445
Gross Scheduled Income
$53,340
Vacancy Rate
1
Gross Adjusted Income
$52,806
Tax Year
2026
Insurance Expense
$1,350
W/S/G Expenses
$1,920
Total Expenses
$6,442
Net Operating Income
$46,364
Gross Rent Multiplier
12.18
Cap Rate
7.1
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.
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