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Listing Firm: Kenzie Properties LLC: Julie Brannberg

Bought With: Better Properties N. Proctor : Gretchen Nogler

SOLD On March 19, 2024
NWMLS # 2180926

$600,000

  • Sold Price
  • - Beds
  • - Baths
  • 1902 Sq.ft.

507 Kaiser Road NW, Olympia, WA 98502

Listings with the three tree icon are courtesy of NWMLS

About This Property

8% Cap Rate! 3 units on 2/3 acre on Olympia's Westside. Duplex plus single family home. Unit A: 1 bed / 1 full bath w/ attached carport; Unit B: Studio Apt w/ full bath. Unit C: 2 bed / 1 full bath & loft. Updated interiors. Property has wide circular driveway w/ 4 additional parking spaces. Accessibility cannot be beat! One block to bus stop and 1/4 mile to 101 freeway. Owner will pay for professional placement of new tenants for all units. All units are currently operating as a 4.78-star Airbnbs. Furnishings can be purchased outside of closing for $10,000. Please do not disturb guests. Tours available - must be accompanied by an agent.

Buyer's Agent: Gretchen Nogler • Better Properties N. Proctor

Listed by: Julie Brannberg • Kenzie Properties LLC

Aris360 Last Checked: 2 Minutes Ago (Jul 17, 2025 02:33 AM)

  • Source: NWMLS as Distributed by MLS Grid #2180926

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: Kaiser
  • Zip/Postal Code: 98502
  • City: Olympia

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$3,847 per month
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Property Features

  • County
    • Westside
  • Community
    • 444 - Olympia Westside
  • MLS Area
    • 444 - Olympia Westside
  • Longitude
    • -122.961219
  • Latitude
    • 47.045192
  • Directions
    • East on Mud Bay / Harrison, Right on Kaiser to property on Right.

  • Interior
    • Laminate
    • Wall to Wall Carpet
  • Floors
    • Laminate
    • Vinyl
    • Vinyl Plank
    • Carpet
  • Power Production Type
    • Electric

  • Stories
    • 2
  • Style
    • 53 - Tri-plex
  • Parking Spaces
    • 6
  • Lot Description
    • Paved,
  • Elevation
    • Feet
  • Water Source
    • Individual Well,
  • Exterior
    • Wood
  • Site Description
    • Cable TV,High Speed Internet,Outbuildings,Patio,RV Parking
  • Roof
    • Composition,
  • Septic or Sewer
    • Septic Tank,
  • Lot Size in Acres
    • 1

  • Condition
    • Good,
  • Water
    • Individual Well
  • Building Total Area (Sq. Ft.)
    • 27443
  • Has View
    • Yes
  • Parking Description
    • RV Parking,
  • View Description
    • Territorial,

  • High School District
    • Olympia
  • Jr. High School
    • Marshall Middle
  • Elementary School
    • Mclane Elem
  • High School
    • Capital High

  • Possession
    • Closing,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi-Family
  • Tax Year
    • 2023
  • Structure Type
    • Condominium,
  • Tax Amount
    • $4385
  • Year Built
    • 1970
  • Status
    • Sold

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Disclaimer: Based on information submitted to the MLS GRID as of Thu Jul 17 2025 . 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.

Jul 17, 2025 02:33 AM