606 & 608 Primrose Lane SE Tumwater, WA $ 550,000
606 & 608 Primrose Lane SE
$ 550,000
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606 & 608 Primrose Lane SE

Tumwater, WA, 98501
$ 550,000
Bedrooms4 Baths2.0 Sq 1,802

Monthly Estimate*

$ 3,473

Listed by RE/MAX Advantage
606 & 608 Primrose Lane SE, Tumwater, WA 98501 - Image 1

Multi-Family Home for sale in Tumwater, WA

for $550,000 with 4 bedrooms and 2 full baths. This 1,802 square foot home was built in 1969 on a lot size of 0.1653.

Turnkey Olympia duplex with solid cash flow and low owner expenses. Both units are rented month-to-month, producing $2,600/mo with owner costs of $512/mo, offering immediate income and stability. Well-maintained property in a quiet SE Olympia neighborhood close to shopping, parks, and commuter routes. Each unit features living spaces and dedicated parking. Ideal for investors or owner-occupants seeking reliable rental income.

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Multi-Family Active

Price

$ 550,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 5,252

Style

Duplex

Lot Size

0.1653

Year Built

1969

Town/City

Tumwater

County/Region

Thurston

MLS | Web ID

2563101

Features
General
Living Area 0
Sewer Sewer Connected
Heating Forced Air
Cooling Forced Air
Possession Closing
Roof Composition Torch Down
HOA Fee 0
Garage Spaces 1
Security Features Partially Fenced
Year Built 1969
View Territorial
Property Subtype Multi Family
Tax Year 2026
County Thurston
Net Operating Income 25048
Insurance Expense 900
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Tumwater
Special Listing Conditions None
Status Active
Directions I-5 South exit 103 toward 2nd Ave L on Custer Way R on Cleveland Ave L on Primrose to duplex on left.
High School Buyer To Verify
City Tumwater
Senior Community Y/N N
High School District Tumwater
Number Of Units Total 3
MLS Area 448 - Olympia South
Lot Size Units Square Feet
Lot Size Square Feet 7200
Carport Spaces 0
Carport Y/N N
Listing Terms Conventional VA Loan
Elementary School Buyer To Verify
Tax Annual Amount 5252
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Buyer To Verify
Public Remarks Turnkey Olympia duplex with solid cash flow and low owner expenses. Both units are rented month-to-month producing $2 600/mo with owner costs of $512/mo offering immediate income and stability. Well-
Leasable Area 1802
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Water Company City of Tumwater
Units Below Grade false
Units In Building Total 2
Water Sewer Garbage 0
Property Style 52 - Duplex
Cap Rate 4.55
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Exterior
Exterior Amenities Wood Products
Lot Features Secluded Sidewalk
Water Source Public
Total Parking 4
Foundation Details Concrete Ribbon
Building Area Total 1802
Lot Size Acres 0.1653
Waterfront Y/N N
Covered Spaces 2
Irrigation Water Rights Y/N N
Site Features Cable TV Fenced-Partially
Parking Uncovered Total 2
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Interior
Flooring Vinyl Carpet
Total Fireplaces 0
Total Stories 1
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric Wood
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2563101
Street Number 1 606
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* Excluded Features
List By
Asa Shigley

Listing Agent

Re/Max Advantage

Broker

Affordability Calculator

$3,910
Per Month
89%
11%
0%
Monthly Principal & Interest
$3,473
Monthly Property Taxes
$438
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
3100120 Elementary School
3100340 Middle School
Buyer To Verify High School High School
Pricing History
DatePricePrice ChangeDescription
8/4/2026$550,000 Listed Price

Map


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606 & 608 Primrose Lane SE, Tumwater, WA, 98501 is a Multi-Family Home for sale at $550,000 with 1,802 sqft and a lot size of 0.1653. 606 & 608 Primrose Lane SE has 4 bedrooms, 2.0 baths, and was built in 1969. The property's zip code is 98501 which is in Tumwater, WA