7039 7041 Lazy Court SW Tumwater, WA $ 680,000
7039 7041 Lazy Court SW
$ 680,000
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7039 7041 Lazy Court SW

Tumwater, WA, 98512
$ 680,000
Bedrooms6 Baths6.0 Sq 2,974

Monthly Estimate*

$ 4,294

Listed by Epic Realty
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Multi-Family Home for sale in Tumwater, WA

for $680,000 with 6 bedrooms and 6 full baths. This 2,974 square foot home was built in 2003 on a lot size of 0.1607.

Opportunity meets flexibility in this well-maintained, rent-ready duplex located in a great Tumwater location! Each spacious unit offers 1,487 square feet, featuring 3 bedrooms, 2.5 bathrooms, a one-car garage, and additional parking, & fully fenced backyards. Thoughtfully designed floor plans provide plenty of living space, making them attractive to owner-occupants, and tenants alike. This property has seen significant recent improvements, including a brand-new roof, new furnaces and water heaters in both units, refreshed landscaping, and new carpet and LVP flooring in the vacant unit. These upgrades help minimize near-term maintenance expenses while providing peace of mind for years to come. The vacant unit (#7041) is move-in ready and offers immediate flexibility, whether you choose to occupy it yourself or capitalize on current market rents. The neighboring unit (#7039) is currently leased at $2,200 monthly and goes month to month on 10/1/26 creating reliable income today while preserving future options. Ideally situated near schools, shopping, dining, parks, and everyday essentials, with convenient access to major commuting routes, this duplex benefits from a location that continues to attract strong tenant demand. Whether your goal is generating cash flow, reducing housing costs, building equity, or growing your investment portfolio, this versatile property offers the rare combination of immediate income, major capital improvements in the sought-after Tumwater market.

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Multi-Family Active

Price

$ 680,000

Bedrooms

6

Full Bath

6

Property Type

Multi-Family

Taxes

$ 7,177

Style

Duplex

Lot Size

0.1607

Year Built

2003

Town/City

Tumwater

County/Region

Thurston

MLS | Web ID

2558449

Features
General
Living Area 0
Sewer Available Sewer Connected
Heating 90%+ High Efficiency
Cooling None
Possession Closing
Roof Composition
HOA Fee 377
Garage Spaces 2
Security Features Fully Fenced
Year Built 2003
Property Subtype Multi Family
Tax Year 2026
Assoc Fee Paid Per Semi-Annually
County Thurston
Net Operating Income 45536
Insurance Expense 1287
New Construction N
Property Type Residential Income
HOA Y
Subdivision Name Tumwater
Special Listing Conditions None
Status Active
Directions From Littlerock Rd at roundabout exit onto 70th Ave SW turn left onto Lazy Ct SW and home will be on the right.
High School Buyer To Verify
City Tumwater
Senior Community Y/N N
High School District Tumwater
Number Of Units Total 2
MLS Area 443 - Tumwater
Lot Size Units Square Feet
Lot Size Square Feet 7001
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional FHA VA Loan
Elementary School Buyer To Verify
Tax Annual Amount 7177
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Buyer To Verify
Property Condition Good
Public Remarks Opportunity meets flexibility in this well-maintained rent-ready duplex located in a great Tumwater location! Each spacious unit offers 1 487 square feet featuring 3 bedrooms 2.5 bathrooms a one-car
Leasable Area 2974
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 6.7
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Exterior
Exterior Amenities Cement Planked Wood Wood Products
Lot Features Curbs Paved
Water Source Public
Total Parking 6
Foundation Details Poured Concrete
Building Area Total 2974
Lot Size Acres 0.1607
Waterfront Y/N N
Covered Spaces 2
Irrigation Water Rights Y/N N
Site Features Cable TV Fenced-Fully Gas Available Patio
Parking Uncovered Total 4
Lot Number 06
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Interior
Flooring Ceramic Tile Vinyl Vinyl Plank Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric Natural Gas
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2558449
Street Number 1 7039
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* Excluded Features
List By
Christina Janis

Listing Agent

Epic Realty

Broker

Affordability Calculator

$4,892
Per Month
88%
12%
0%
Monthly Principal & Interest
$4,294
Monthly Property Taxes
$598
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
7/22/2026$680,000 Listed Price

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7039 7041 Lazy Court SW, Tumwater, WA, 98512 is a Multi-Family Home for sale at $680,000 with 2,974 sqft and a lot size of 0.1607. 7039 7041 Lazy Court SW has 6 bedrooms, 6.0 baths, and was built in 2003. The property's zip code is 98512 which is in Tumwater, WA