606 & 608 Primrose Lane SE, Tumwater, WA 98501
- $550,000
- 1,802
- SqFt
Listing courtesy of RE/MAX Advantage.
- List Price
- $550,000
- Status
- ACTIVE
- MLS#
- 2563101
- Days on Market
- 2
- Style
- 52 - Duplex
- Finished SqFt
- 1,802
- Area Total SqFt
- 1802
- Annual Tax Ammount
- 5252
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 7,200
- Sewer
- Sewer Connected
Property Description
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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Additional Information
- List Date
- 2026-08-01 18:23:15
- Community
- Tumwater
- Net Operating Income
- $25,048
- Gross Adjusted Income
- $24,789
- Gross Scheduled Income
- $31,200
- Total Monthly Income
- $2,600
- Insurance Expenses
- $900
- Gross Rent Multiplier
- 17.62
- Total Expenses
- $6,411
- Cap Rate
- 4.55
- Total Number of Units
- 3
- Unit Name
- 606 & 608
- Potential Terms
- Conventional, VA Loan
- Year Built
- 1969
- View
- Territorial
- Roof
- Composition, Torch Down
- Site Features
- Cable TV, Fenced-Partially
- Other Expenses
- 259
- Energy Source
- Electric, Wood
- School District
- Tumwater
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $2,600
- Gross Scheduled Income
- $31,200
- Gross Adjusted Income
- $24,789
- Tax Year
- 2026
- Insurance Expense
- $900
- Total Expenses
- $6,411
- Net Operating Income
- $25,048
- Gross Rent Multiplier
- 17.62
- Cap Rate
- 4.55
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.