Great investment opportunity from a well maintained duplex with additional assigned parking (6 total). Big 7500 sqft corner lot with potential for additional units and spectacular city and territorial views. Low maintenance yards for easy upkeep. Hardwood flooring in both units keeping maintenance and repair cost down. Newer Mini ductless split in vacant unit providing AC & Heat for better rent. Unit 522 is vacant for a great owner occupied opportunity and comfort. Common area utility room with washer & dryer. Cap rate based on 2024 tax return, current cap rate potential much higher. Conveniently located on Tumwater Hill with quick access to I-5, HWY 101, JBLM, schools, shopping, and parks.
Listing Provided Courtesy of Michael Barber, NextHome Northwest Group
General Information
NWM2465094
Multi Family
1
DOM
7501.03 SqFt
1040
1950
Multi-F
Thurston
Buyer To Verify
Buyer To Verify
Buyer To Verify
Residential Incom
Multi Family
Listing Provided Courtesy of Michael Barber, NextHome Northwest Group
Krishna Realty data last checked: Jan 11, 2026 16:58 | Listing last modified Jan 08, 2026 15:42,
Source:
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Residence Information
1040
Composition
52 - Duplex
1950
Poured Concrete
Features and Utilities
Wood
Public
Sewer Connected
0
Financial
3056
Cash Out, Conventional, FHA, VA Loan
01-07-2026
Comparable Information
1
1
Cash Out, Conventional, FHA, VA Loan
$409,900
$409,900
Jan 08, 2026 15:42
Schools
Elementary : Buyer To VerifyN/ARatings Middle : Buyer To Verify N/ARatings High : Buyer To VerifyN/ARatings
Great investment opportunity from a well maintained duplex with additional assigned parking (6 total). Big 7500 sqft corner lot with potential for additional units and spectacular city and territorial views. Low maintenance yards for easy upkeep. Hardwood flooring in both units keeping maintenance and repair cost down. Newer Mini ductless split in vacant unit providing AC & Heat for better rent. Unit 522 is vacant for a great owner occupied opportunity and comfort. Common area utility room with washer & dryer. Cap rate based on 2024 tax return, current cap rate potential much higher. Conveniently located on Tumwater Hill with quick access to I-5, HWY 101, JBLM, schools, shopping, and parks.
