Property Details
4424 NW Ridgewood Court #A & B
Olympia, WA 98502
$485,000
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Property Overview
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 1,170 SF (including 1-car garage) with 2 bedrooms and 1 bathroom, 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. Both units are occupied. The first unit (#A) is month-to-month and rented at $1600/month. The second unit (#B) is occupied and rented at $1450/month on a month-to-month lease. Located close to schools, shopping, dining, parks and essential services, with easy access to major routes. Unit A: New septic tank (November 2024). Note: The other two duplexes in the cul-de-sac (4416 and 4420) are also available for sale.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Thurston
Neighborhood
Cooper Point
Listed
May 28, 2026
Structure Type
Duplex
Parcel Number
70730000501
Tax & HOA
Annual Property Tax
$5,462 (2025)
Est. Monthly Tax
$455/mo
Financial Summary
Cap Rate
6.42%
Net Operating Income
$31,137
Gross Scheduled Income
$36,600
Gross Rent Multiplier
13.25
Total Expenses
$5,462
Building & Use
Building Sq Ft
1,860
Leasable Area
1,860 sqft
Total Units
2
Zoning
Residential
Possible Use
Residential
Lot Size
14,375 sqft
Year Built
1976
Exterior & Lot
Lot Size
0.33 sqft
Year Built
1976
Garage
2 spaces
Exterior Materials
Wood
Sewer
Septic Tank
Water Source
Public
Lot Features
Cul-De-Sac
Exterior Features
Wood, Wood Products
Community & Access
Directions
From Cooper Point take a Right on 44th Ave NW, Left on Ridgewood Ct, 2nd driveway on the Right, middle duplex.
Location
City
Olympia
County
Thurston
Coordinates
47.09621, -122.93614
Additional Information
Tax Year
2025
Annual Taxes
$5,462
Possession
Array
Based on information submitted to the MLS GRID as of July 29, 2026 2:20 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.
