Property Details
7039 7041 Lazy Court SW
Tumwater, WA 98512
$680,000
Pending Inspection
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Property Overview
Opportunity meets flexibility in this well-maintained, rent-ready duplex located in a great Tumwater location! Each spacious unit offers 1,487 square feet, featuring 3 bedrooms, 2.5 bathrooms, a one-car garage, and additional parking, & fully fenced backyards. Thoughtfully designed floor plans provide plenty of living space, making them attractive to owner-occupants, and tenants alike. This property has seen significant recent improvements, including a brand-new roof, new furnaces and water heaters in both units, refreshed landscaping, and new carpet and LVP flooring in the vacant unit. These upgrades help minimize near-term maintenance expenses while providing peace of mind for years to come. The vacant unit (#7041) is move-in ready and offers immediate flexibility, whether you choose to occupy it yourself or capitalize on current market rents. The neighboring unit (#7039) is currently leased at $2,200 monthly and goes month to month on 10/1/26 creating reliable income today while preserving future options. Ideally situated near schools, shopping, dining, parks, and everyday essentials, with convenient access to major commuting routes, this duplex benefits from a location that continues to attract strong tenant demand. Whether your goal is generating cash flow, reducing housing costs, building equity, or growing your investment portfolio, this versatile property offers the rare combination of immediate income, major capital improvements in the sought-after Tumwater market.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Pending Inspection
County
Thurston
Neighborhood
Tumwater
Listed
Jul 22, 2026
Structure Type
Duplex
Parcel Number
35310000600
Tax & HOA
Annual Property Tax
$7,177 (2026)
Est. Monthly Tax
$598/mo
HOA Fee
$377/semi-annually
Financial Summary
Cap Rate
6.70%
Net Operating Income
$45,536
Gross Scheduled Income
$49,850
Total Expenses
$8,464
Building & Use
Building Sq Ft
2,974
Leasable Area
2,974 sqft
Total Units
2
Lot Size
7,000 sqft
Year Built
2003
Exterior & Lot
Lot Size
0.16 sqft
Year Built
2003
Garage
2 spaces
Exterior Materials
Cement Plank, Wood
Sewer
Available, Sewer Connected
Water Source
Public
Lot Features
Curbs, Paved
Exterior Features
Cement Planked, Wood, Wood Products
Community & Access
Directions
From Littlerock Rd at roundabout, exit onto 70th Ave SW, turn left onto Lazy Ct SW and home will be on the right.
Location
City
Tumwater
County
Thurston
Coordinates
46.98374, -122.94187
Additional Information
Tax Year
2026
Annual Taxes
$7,177
Possession
Array
Based on information submitted to the MLS GRID as of July 31, 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.
