Property Details
420 Bungalow Drive NW
Olympia, WA 98502
$710,000
Active
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Property Overview
Great opportunity to add to your investment portfolio, offering potential for instant cash flow. This 2007 duplex features 2 townhomes, each w/2 bedrooms & 2.5 bathrooms. One unit includes a two-car garage, while the other offers a one-car garage w/additional storage; both units have driveway parking & private backyards. The homes offer thoughtfully designed open concept floor plans perfect for entertaining, w/soaring 18 ft. living room ceilings, gas fireplaces, & abundant natural light throughout each home. Incredible location making these a commuter's dream, close to schools, parks, groceries, gas stations, countless eateries & entertainment. Perfect first-time real estate investment.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Thurston
Neighborhood
Westside
Listed
Nov 7, 2025
Original Price
$749,900
Financial Summary
Cap Rate
0.33%
Net Operating Income
$24,366
Gross Scheduled Income
$37,200
Gross Rent Multiplier
19.48
Total Expenses
$12,883
Building & Use
Building Sq Ft
2,632
Leasable Area
2,632 sqft
Total Units
2
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
5,998 sqft
Year Built
2007
Exterior & Lot
Lot Size
0.14 sqft
Year Built
2007
Garage
3 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Paved, Sidewalk
Exterior Features
Wood, Wood Products
Location
City
Olympia
County
Thurston
Coordinates
47.04955, -122.95069
Additional Information
Tax Year
2025
Annual Taxes
$7,467
Possession
Array
Based on information submitted to the MLS GRID as of April 29, 2026 5:45 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.
