1301 Horne Street Northeast, Unit 1&2
Olympia, WA 98516
$606,000
Last Sold Price
—
Beds
3,120 Sq. Ft.
$194 / Sq. Ft.
3,120
Sq. Ft.
$194
per Sq. Ft.
Sold 3/31/23
Sold 3/31/23
Listing provided courtesy of COMPASS, Theory Real Estate
Description
Investor Alert - Turnkey Opportunity!! Well maintained and cash flowing Duplex. Located in the Heart of all that Hawks Prairie has to offer, minutes from local restaurants, Costco, and HD. Easy commute to both JBLM and Olympia downtown. One of the largest duplexes in the area, each unit features 3 bedrooms 1.5 baths with a washer and dryer in the unit. The large 4 car garage provides 2 covered and private parking spaces with extra storage for each unit. Very high occupancy rate and fully rented with...Investor Alert - Turnkey Opportunity!! Well maintained and cash flowing Duplex. Located in the Heart of all that Hawks Prairie has to offer, minutes from local restaurants, Costco, and HD. Easy commute to both JBLM and Olympia downtown. One of the largest duplexes in the area, each unit features 3 bedrooms 1.5 baths with a washer and dryer in the unit. The large 4 car garage provides 2 covered and private parking spaces with extra storage for each unit. Very high occupancy rate and fully rented with immediate upside to current market rents of $2,300+
Listing Agent
![Laura Lynn]()
laura.lynn@compass.comP: (425)-647-0550
Property Details for 1301 Horne Street Northeast, Unit 1&2
Community Name
Hawks Prairie
School DistrictNorth Thurston
Number of Assigned Spaces6
Total Covered Parking4
Offers Review Date02-26-2023
Entry Date02-24-2023
Energy SourceElectric
SewerSeptic Tank
LISTING UPDATED: 09/05/2024 05:46 AM
Property Details for 1301 Horne Street Northeast, Unit 1&2
| Status | Sold |
|---|---|
| MLS # | 2038435 |
| Days on Market | 3 |
| Cumulative Days on Market | 3 |
| Taxes | $4,373 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1971 |
| Lot Size | 0.21 AC / 9,364 SF |
| County | Thurston County |
| Buyer's Agent Compensation | 2.5% |
Virtual Tour
Building Information for 1301 Horne Street Northeast, Unit 1&2
Stories2Residences2Year Built1971Building Size-Lot Size0.21 AC / 9,364 SF
Property Information for 1301 Horne Street Northeast, Unit 1&2
Summary
Location and General Information
- Style: 52 - Duplex
- Site Features: Cable TV, Fenced-Partially, High Speed Internet, Patio
- Area: 451 - Hawks Prairie
- Elementary School: Olympic View Elem
- Middle Or Junior School: Nisqually Mid
- High School: River Ridge High
- Effective Year Built Source: Public Records
- Directions: North on Martin Way, L on Hensley, R on 13th, 13 turns into Horne. Property on left.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2022
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 2.0
- Open Parking: Yes
Interior and Exterior Features
Interior Features
- Furnished: Unfurnished
- Floor Covering: Vinyl, Carpet
- Features: Wall to Wall Carpet
- Amenities: Thermal Windows
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Radiant
- FIRPTA: No
Exterior Features
- Exterior: Wood, Wood Products
- Roof: Composition
- Security Features: FullyFenced
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 0
- Power Company: PSE
- Sewer Company: Septic
- Water Company: City of Lacey
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Slab
- Zoning Class: Multi-Family,Residential
- First Right Of Refusal: false
- Possible Use: Multi-Family, Residential
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1991
- Photos Count: 31
Lot Information
- Lot Details: Curbs
- Lot Size Source: Realist
- Parcel Number Free Text: 79550000100
- Building Condition: Good
- Calculated Square Footage: 3120
- Structure Type: Duplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 3120.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
- Green Energy Efficient: Thermal Windows
Multi Family
Building Details
- Number of Uncovered Spaces: 2
- Number of Stories in Building: 2
- Unit Number: 1&2
- Vacancy Rate: 3
- Number Of Units Total: 2
- Units Below Grade: false
- Units In Building Total: 2
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 5373
- Gross Adjusted Income: 40624
- Gross Rent Multiplier: 14
- Gross Scheduled Income: $41,880
- Insurance Expense: $1,000
- Net Operating Income: $40,624
- Other Expenses: $0
- Total Monthly Income: 3490
- Fuel Expense: $0
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 3120.0
- Leasable Area Units: Square Feet
Property History for 1301 Horne Street Northeast, Unit 1&2
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 1301 Horne Street Northeast, Unit 1&2
This home is within North Thurston Public Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 8 |
Rating | School | Distance |
|---|---|---|
Olympic View Elementary School PublicK to 5 | ||
Nisqually Middle School Public6 to 8 | ||
River Ridge High School Public9 to 12 | ||
Salish Middle School Public6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of COMPASS
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.
