7015 Gaston Lane SW, Tumwater, WA 98501
- $625,000
- 2,064
- SqFt
Listing Broker: Skyline Properties, Inc.; Eric Johnson; 206-550-4573; eric@skylineproperties.com
- List Price
- $625,000
- Status
- ACTIVE
- MLS#
- 2589887
- Days on Market
- 0
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 2,064
- Area Total SqFt
- 2064
- Annual Tax Ammount
- 5092.27
- Lot Size (sq ft)
- 10,890
- Sewer
- Sewer Connected
Property Description
Here is your opportunity to acquire this well-maintained duplex, with each unit offering 1,032 square feet, 2 bedrooms, 1 bath, a washer/dryer hookup, wood burning stove, and a private attached garage. Recent updates include a 2-year-old roof and new private yard fencing, adding to the property's turnkey appeal. Ideally situated close to Tumwater High School, near Tumwater City Hall, and just minutes from several state office buildings, this location offers convenient access to everyday amenities and commuter routes. You can live in one unit and rent the other to help offset your housing costs and for an investor, both units offer rental income potential. Second duplex, same owner, across street, so opportunity to own both at the same time. The tenant pays electric and the owner pays water. Don't miss this chance to own a well-cared-for property in a convenient Tumwater location.
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Additional Information
- List Date
- 2026-10-01 20:43:14
- Community
- Tumwater
- Net Operating Income
- $28,435
- Gross Adjusted Income
- $38,820
- Gross Scheduled Income
- $38,820
- Total Monthly Income
- $3,235
- Insurance Expenses
- $1,966
- Water/Sewer/Garbage Expenses
- $3,325
- Gross Rent Multiplier
- 16.1
- Total Expenses
- $10,384
- Cap Rate
- 4.55
- Total Number of Units
- 2
- Unit Name
- 7015
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1978
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Fully, High Speed Internet
- Energy Source
- Electric
- School District
- Tumwater
- Elementary School
- Peter G Schmidt Elem
- Middle School
- George Wash Bush Mid
- High School
- Tumwater High
- Total Monthly Income
- $3,235
- Gross Scheduled Income
- $38,820
- Gross Adjusted Income
- $38,820
- Tax Year
- 2026
- Insurance Expense
- $1,966
- W/S/G Expenses
- $3,325
- Total Expenses
- $10,384
- Net Operating Income
- $28,435
- Gross Rent Multiplier
- 16.1
- 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.