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32394426
32394424

3143 5th Avenue Northwest, Olympia, WA 98502

Pacific Commercial Brokers
Listed by Pacific Commercial Brokers
$795,000
59 days on market
Updated 13 days ago

Grass Lake Village Duplex

Details
Property Type Multifamily
Square Footage 2,922
Units 1
Cap Rate 4.17%
NOI $35,462
Occupancy 100%
Lot Size (SqFt) 8,862

Exceptional duplex investment opportunity in desirable Grass Lake Village

Marketing description

Exceptional duplex investment opportunity in the desirable Grass Lake Village community of West Olympia. Each unit features an open-concept living space on the main floor with soaring ceilings and a wall of windows providing abundant natural light. Spacious kitchens with breakfast bar seating and formal dining rooms. Primary suites include walk-in closets and five-piece baths. Each unit also offers an additional bedroom and full bath upstairs, plus an office or third bedroom and half bath on the ground level. Large corner lot with a one-car garage and fenced yard for each unit. Conveniently located near shopping, schools, Capital Medical Center, and just down the street from Grass Lake Nature Reserve.

Investment highlights

Strong cash-flowing duplex with established tenants and consistent rental income

Desirable Grass Lake Village community with well-maintained common areas

Each unit offers 3 bedrooms and 2.5 bathrooms across three levels of living space

Corner lot with individual fenced yards and private garages for each unit

Proximity to shopping, dining, Capital Medical Center, and Grass Lake Nature Reserve

Convenient access to US-101, I-5, and major employment centers

Listing Contacts

Pacific Commercial Brokers
Listed by Pacific Commercial Brokers

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$35,462.00
$2,955.17/mo

Valuation Metrics

0
DSCR
4.46%
Cap Rate
4.46%
ROI

Map

Zoning

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RLI ResidentialMulti FamilyResidential Low Impact
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Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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