Property Details
3145 5th Avenue NW
Olympia, WA 98502
$850,000
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Property Overview
Solid investment opportunity in West Olympia! This fully occupied duplex features two spacious 3BD/2.5BA units with strong rental income. Solid 4.12% cap rate makes this an attractive addition to any investment portfolio. Both units tenant occupied — please do not disturb tenants. Showings following accepted offer.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Thurston
Neighborhood
Cooper Point
Listed
Apr 26, 2026
Financial Summary
Cap Rate
4.12%
Net Operating Income
$35,048
Gross Scheduled Income
$53,880
Gross Rent Multiplier
15.78
Total Expenses
$18,832
Building & Use
Building Sq Ft
2,992
Leasable Area
2,922 sqft
Total Units
2
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
8,860 sqft
Year Built
2006
Exterior & Lot
Lot Size
0.20 sqft
Year Built
2006
Garage
1 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Exterior Features
Wood
Location
City
Olympia
County
Thurston
Coordinates
47.05000, -122.94996
Additional Information
Tax Year
2026
Annual Taxes
$8,968
Possession
Array
Based on information submitted to the MLS GRID as of May 15, 2026 8:45 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.
