1432 Kimtah Court NE Olympia, WA $ 595,000
1432 Kimtah Court NE
$ 595,000
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1432 Kimtah Court NE

Olympia, WA, 98516
$ 595,000
Baths0.0 Sq 1,965

Monthly Estimate*

$ 3,664

Listed by Olympic Sotheby's Int'l Realty
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Studio

Multi-Family Home for sale in Olympia, WA

for $595,000. This 1,965 square foot home was built in 1968 on a lot size of 0.2985.

Fully fenced & situated on over a quarter acre, this single-story duplex presents a compelling investment opportunity with healthy income potential. Updated baths, new interior paint, hood vents, fencing, & modern appliances, this turnkey asset is ready for occupancy or leasing. Flowing layout with wood-burning fireplaces, radiant ceiling heat & a slider for indoor-outdoor living. Ideal for an owner-occupant seeking to offset expenses by living in one unit while renting the other, or an investor capitalizing on market rents & passive income (currently renters pay all utilities). Private cul-de-sac setting creates solitude, while conveniently located to shopping centers, parks, freeway & JBLM is 15+ minutes away. Please respect tenant privacy!

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Multi-Family Pending

Price

$ 595,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 5,412

Style

Duplex

Lot Size

0.2985

Year Built

1968

Town/City

Olympia

County/Region

Thurston

MLS | Web ID

2481566

Features
General
Living Area 0
Sewer Sewer Connected
Heating Radiant
Cooling None
Possession Subject To Tenant Rights
Roof Composition
HOA Fee 150
Garage Spaces 2
Security Features Fully Fenced
Year Built 1968
View Territorial
Property Subtype Multi Family
Tax Year 2025
Assoc Fee Paid Per Annually
County Thurston
Net Operating Income 35110
Insurance Expense 1500
New Construction N
Property Type Residential Income
HOA Y
Subdivision Name Lacey
Special Listing Conditions None
Status Pending
Directions Marvin Rd exit from I-5 go S R on Meridian L on Quinault Dr R on Kimtah.
City Olympia
Senior Community Y/N N
High School District North Thurston
Number Of Units Total 2
MLS Area 451 - Hawks Prairie
Lot Size Units Square Feet
Lot Size Square Feet 13004
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional FHA VA Loan
Tax Annual Amount 5412
Electric Expense 0
Fuel Expense 0
Public Remarks Fully fenced & situated on over a quarter acre this single-story duplex presents a compelling investment opportunity with healthy income potential. Updated baths new interior paint hood vents fencing
Leasable Area 1965
Structure Type Duplex
Building Area Units Square Feet
Standard Status Pending
Water Company City of Lacey
Units Below Grade false
Units In Building Total 2
Water Sewer Garbage 0
Property Style 52 - Duplex
Cap Rate 5.9
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Exterior
Exterior Amenities Wood
Lot Features Cul-De-Sac Paved
Water Source Public
Total Parking 6
Foundation Details Poured Concrete
Building Area Total 1965
Lot Size Acres 0.2985
Waterfront Y/N N
Covered Spaces 2
Irrigation Water Rights Y/N N
Site Features Cable TV Fenced-Fully Patio
Parking Uncovered Total 4
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Interior
Flooring Laminate
Total Fireplaces 0
Total Stories 1
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2481566
Street Number 1 1432
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* Excluded Features
List By
Carlee Hjelm

Listing Agent

Olympic Sotheby's Int'l Realty

Broker

Affordability Calculator

$4,115
Per Month
89%
11%
0%
Monthly Principal & Interest
$3,664
Monthly Property Taxes
$451
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
257450 Elementary School
258892 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/20/2026$595,000 Listed Price

Map


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1432 Kimtah Court NE, Olympia, WA, 98516 is a Multi-Family Home for sale at $595,000 with 1,965 sqft and a lot size of 0.2985. 1432 Kimtah Court NE is a studio with 0.0 baths and was built in 1968. The property's zip code is 98516 which is in Olympia, WA