Property Details
606 & 608 Primrose Lane SE
Tumwater, WA 98501
$550,000
Active
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Property Overview
Turnkey Olympia duplex with solid cash flow and low owner expenses. Both units are rented month-to-month, producing $2,600/mo with owner costs of $512/mo, offering immediate income and stability. Well-maintained property in a quiet SE Olympia neighborhood close to shopping, parks, and commuter routes. Each unit features living spaces and dedicated parking. Ideal for investors or owner-occupants seeking reliable rental income.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Thurston
Neighborhood
Tumwater
Listed
Aug 1, 2026
Structure Type
Duplex
Parcel Number
49700000200
Tax & HOA
Annual Property Tax
$5,252 (2026)
Est. Monthly Tax
$438/mo
Financial Summary
Cap Rate
4.55%
Net Operating Income
$25,048
Gross Scheduled Income
$31,200
Gross Rent Multiplier
17.62
Total Expenses
$6,411
Building & Use
Building Sq Ft
1,802
Leasable Area
1,802 sqft
Total Units
3
Lot Size
7,200 sqft
Year Built
1969
Exterior & Lot
Lot Size
0.17 sqft
Year Built
1969
Garage
1 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Secluded, Sidewalk
Exterior Features
Wood Products
Community & Access
Directions
I-5 South exit 103 toward 2nd Ave, L on Custer Way, R on Cleveland Ave, L on Primrose to duplex on left.
Location
City
Tumwater
County
Thurston
Coordinates
47.01016, -122.89322
Additional Information
Tax Year
2026
Annual Taxes
$5,252
Possession
Array
Based on information submitted to the MLS GRID as of August 4, 2026 6:30 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.
