Property Details
1432 Kimtah Court NE
Olympia, WA 98516
$595,000
Pending
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Property Overview
Fully fenced & situated on over a quarter acre, this single-story duplex presents a compelling investment opportunity with healthy income potential. Updated baths, new interior paint, hood vents, fencing, & modern appliances, this turnkey asset is ready for occupancy or leasing. Flowing layout with wood-burning fireplaces, radiant ceiling heat & a slider for indoor-outdoor living. Ideal for an owner-occupant seeking to offset expenses by living in one unit while renting the other, or an investor capitalizing on market rents & passive income (currently renters pay all utilities). Private cul-de-sac setting creates solitude, while conveniently located to shopping centers, parks, freeway & JBLM is 15+ minutes away. Please respect tenant privacy!
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Pending
County
Thurston
Neighborhood
Lacey
Listed
Feb 20, 2026
Financial Summary
Cap Rate
5.90%
Net Operating Income
$35,110
Gross Scheduled Income
$45,600
Gross Rent Multiplier
13.00
Total Expenses
$10,490
Building & Use
Building Sq Ft
1,965
Leasable Area
1,965 sqft
Total Units
2
Lot Size
13,003 sqft
Year Built
1968
Exterior & Lot
Lot Size
0.30 sqft
Year Built
1968
Garage
2 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Cul-De-Sac, Paved
Exterior Features
Wood
Location
City
Olympia
County
Thurston
Coordinates
47.06493, -122.74732
Additional Information
Tax Year
2025
Annual Taxes
$5,412
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 4:34 PM. 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, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
