Listed by Michael Barber, NextHome Northwest Group
- 1,040
- Square feet
- $394
- Per sq ft
- Multi Family
- Type
- 1950
- Year built
- 7,500 sq ft
- Lot
- 168
- Days on market
About this property
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 524 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.
Location & commute
Add a destination (work, gym, school) for directions and drive time.
Property details
Listing details
- Listing number
- #2465094
- Listed
- January 7, 2026
- Days on market
- 168
- Price per sq ft
- $394
Unit & building
- Building
- Barnes Addition
- Stories in building
- 1
- Units in building
- 2
Views
- View
- CityTerritorial
Construction
- Year built
- 1950
- Style
- 52 - Duplex
- Structure
- Duplex
- Roof
- Composition
Heating & cooling
- Heating
- DuctlessWall Furnace
- Cooling
- Ductless
- Energy source
- ElectricNatural Gas
Flooring
- Flooring
- HardwoodVinylCarpet
Lot
- Lot features
- Corner LotDead End StreetOpen SpacePaved
- Lot size
- 7,500 sq ft
Terms
- Terms offered
- CashConventionalFHAVA Loan
Utilities
- Water
- City of Tumwater
- Sewer
- City of Tumwater
- Power
- PSE
Schools
- District
- Tumwater
- Elementary
- Buyer To Verify
- Middle
- Buyer To Verify
- High
- Buyer To Verify
What stands out to you?
Mark features you love or could do without. Saved on this device to tune what you see.
- City
- Territorial
- Duplex
- Composition
- Ductless
- Wall Furnace
- Electric
- Natural Gas
- Hardwood
- Vinyl
- Carpet
- Corner Lot
Listing history
Listed
$409,900
January 7, 2026
Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.
Payment estimate
An estimate to help you plan, not a loan offer or financial advice.
Est. monthly
$2,387
- Principal & interest
- $2,073
- Property tax (est.)
- $314
Assumes $81,980 down (20%), a $327,920 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.
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Based on information submitted to the MLS GRID as of July 13, 2026 at 11:01 PM PDT. 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.