Property Details
512 N 4th Avenue SW
Tumwater, WA 98512
$710,000
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Property Overview
Great Investment Opportunity! Well maintained Duplex. Excellent opportunity to add a proven income producing property to your portfolio. This well maintained duplex has a strong long term rental history Featuring Three bedrooms, two bathrooms per side, plus a one car garage and just minutes from I-5, providing convenient access for commuters. Large private patios, and an expansive back yard helps this property appeal to the potential tenants of all sorts. Don't miss this opportunity to own a quality multifamily investment in a desirable location. Both units are currently rented.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Thurston
Neighborhood
Tumwater Hill
Listed
Jun 22, 2026
Structure Type
Duplex
Parcel Number
80606602900
Tax & HOA
Annual Property Tax
$5,971 (2025)
Est. Monthly Tax
$498/mo
Financial Summary
Cap Rate
6.10%
Net Operating Income
$43,209
Gross Scheduled Income
$50,280
Gross Rent Multiplier
14.08
Total Expenses
$7,071
Vacancy Rate
3.0%
Building & Use
Building Sq Ft
2,465
Leasable Area
2,936 sqft
Total Units
2
Zoning
Multi-Family,Residential
Possible Use
Multi-Family, Residential
Lot Size
7,802 sqft
Year Built
2006
Exterior & Lot
Lot Size
0.18 sqft
Year Built
2006
Garage
2 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Curbs, Paved, Sidewalk
Exterior Features
Wood Products
Community & Access
Directions
GPS friendlyI-5 South to exit 103 towards Deschutes Way/ 2nd Ave, Turn right on to Desoto Street and follow up the hill to property located on the right.
Location
City
Tumwater
County
Thurston
Coordinates
47.01933, -122.90844
Additional Information
Tax Year
2025
Annual Taxes
$5,971
Possession
Array
Based on information submitted to the MLS GRID as of June 23, 2026 3:30 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.
