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  • Listed by: 

    Philip Harlan,

    Keller Williams South Sound

    $550,000

    4720 - 4722 Carpenter Road SE, Olympia, WA 98513

    --beds
    --baths
    1,560sqft
    Duplex
    Built in 1977
    -- sqft lot
    $550,000 Zestimate®
    $353/sqft
    $-- Estimated rent

    What's special

    Fantastic duplex ready for owner occupant or investor! One side has been thoroughly remodeled and is ready for occupancy. Fresh paint, new flooring, new cabinets/countertops, new tub/shower, mini-split and more. This duplex is the perfect kind of long term real estate investment, units are always rented, vacancy is low. The garages divide the units for noise privacy. Washer/dryer hookup are in the garages. Efficient floor plan w/ 2 bedrooms and 1 bath on each side. Vacant side proforma at $1750 per month, long term tenant in occupied side with room for rent increase over time. Good location for JBLM commuters, near bus line for easy transportation. A real gem!

    Zillow last checked: 7 hours ago

    Listing updated: July 11, 2025 at 12:03pm

    Listed by:

    Philip Harlan,

    Keller Williams South Sound

    Bought with:

    Barbra Rich, 22023236

    Real Broker LLC

    Source: NWMLS,MLS#: 2371064MLS Logo

    Facts & features

    Interior

    Heating
    • Baseboard, Ductless, Electric
    Cooling
    • Ductless
    Features
    • Flooring: Vinyl, Vinyl Plank, Carpet
    • Windows: Thermal Windows
    • Has fireplace: No
    Interior area
    • Total structure area: 1,560
    • Total interior livable area: 1,560 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Open
    • Covered spaces: 2
    • Uncovered spaces: 2
    Features
    • Has view: Yes
    • View description: Territorial
    Lot
    • Size: 0.26 Acres
    • Dimensions: 136 x 86
    • Features: Corner Lot, Curbs, Dead End Street, Paved, Sidewalk, Cable TV, Fenced-Partially, High Speed Internet
    Details
    • Parcel number: 11835230401
    • Zoning description: Residential,Jurisdiction: County
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex
    Materials
    • Wood Siding
    • Foundation: Poured Concrete
    • Roof: Composition
    Condition
    • Good
    • Year built: 1977
    • Major remodel year: 1991

    Utilities & green energy

    • Electric: Company: PSE
    • Sewer: Septic Tank, Company: on site septic
    • Water: Public, Company: City of Lacey
    • Utilities for property: Buyer To Verify, Buyer To Verify
    Green energy
    • Energy efficient items: Thermal Windows

    Community & neighborhood

    Location
    • Region: Olympia
    • Subdivision: Pattison Lake

    Other

    Other facts
    • Listing terms: Cash Out,Conventional,FHA,VA Loan
    • Cumulative days on market: 16 days
    Services availability
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