4329 Ridgewood Lane Northwest
Olympia, WA 98502
$510,000
Price
4
Beds
2
Baths
2,116 Sq. Ft.
$241 / Sq. Ft.
2,116
Sq. Ft.
$241
per Sq. Ft.
Virtual Tour
Virtual Tour
Listing provided courtesy of Redfin
Description
This well-maintained duplex nestled in a desirable West Olympia neighborhood is a great investment opportunity. The home features two identical units, with one currently vacant and ready for occupancy, while the other is occupied, ensuring a 0% vacancy rate. Each unit offers a spacious layout with 2 bedrooms and 1 bath. This property is perfect for investors seeking reliable income or buyers looking to live in one unit while generating rental income from the other. Don't miss out on this incredible...This well-maintained duplex nestled in a desirable West Olympia neighborhood is a great investment opportunity. The home features two identical units, with one currently vacant and ready for occupancy, while the other is occupied, ensuring a 0% vacancy rate. Each unit offers a spacious layout with 2 bedrooms and 1 bath. This property is perfect for investors seeking reliable income or buyers looking to live in one unit while generating rental income from the other. Don't miss out on this incredible chance to secure a solid investment in a growing market!
- Listed by Kareem Dixon jr • Redfin
Property Details for 4329 Ridgewood Lane Northwest
Community Name
Olympia
School DistrictOlympia
Number of Assigned Spaces4
Total Covered Parking2
Entry Date10-04-2024
Energy SourceElectric
SewerSeptic Tank
LISTING UPDATED: 12/03/2024 04:35 PM
Property Details for 4329 Ridgewood Lane Northwest
| Status | Active |
|---|---|
| MLS # | 2298476 |
| Days on Market | 82 |
| Cumulative Days on Market | 76 |
| Taxes | $4,207 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1977 |
| Lot Size | 0.35 AC / 15,052 SF |
| County | Thurston County |
Virtual Tour
Building Information for 4329 Ridgewood Lane Northwest
Stories1Residences2Year Built1977Building Size-Lot Size0.35 AC / 15,052 SF
Property Information for 4329 Ridgewood Lane Northwest
Summary
Location and General Information
- Style: 52 - Duplex
- Area: 444 - Olympia Westside
- Elementary School: Buyer To Verify
- Middle Or Junior School: Buyer To Verify
- High School: Buyer To Verify
- Directions: GPS Friendly!
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2023
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 2.0
- Open Parking: Yes
Virtual Tour
- Virtual Tour URL Unbranded: https://my.matterport.com/show/?m=2mMN8aWZar3&mls=1
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Floor Covering: Laminate, Vinyl
- Features: Laminate
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard, Wall Unit(s)
- FIRPTA: No
Exterior Features
- Exterior: Wood
- Roof: Composition
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 1484
- Power Company: PSE
- Sewer Company: Septic
- Water Company: Thurston PUD
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: County
- Foundation: Poured Concrete
- Zoning Class: Multi-Family
- Possible Use: Multi-Family
- MLS Square Footage Source: Realist - Buyer to verify
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 19
Lot Information
- Lot Details: Cul-De-Sac
- Lot Size Source: Realist - Buyer to verify
- Parcel Number Free Text: 70730001002
- Calculated Square Footage: 2116
- Structure Type: Duplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 2116.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 2
- Number of Stories in Building: 1
- Vacancy Rate: 0
- Number Of Units Total: 2
- Units Below Grade: false
- Units In Building Total: 2
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 7095
- Gross Adjusted Income: 26092
- Gross Rent Multiplier: 18.48
- Gross Scheduled Income: $30,300
- Insurance Expense: $1,059
- Net Operating Income: $18,996
- Other Expenses: $345
- Total Monthly Income: 2525
- Fuel Expense: $0
Unit 1
- Name Unit 1: 1
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 1058
- Rent Unit 1: $1,325.00
- Bedrooms Unit 1: 2
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 2
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 1058
- Rent Unit 2: $1,200.00
- Bedrooms Unit 2: 2
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 2116.0
- Leasable Area Units: Square Feet
Property History for 4329 Ridgewood Lane Northwest
| 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.
Public Records for 4329 Ridgewood Lane Northwest
Taxable ValueLand$161,700Additions$214,600Total$376,300
Tax Record2023$4,207 ($351 / month)
Home Facts
Baths2Total Finished SqFt2,116 SqFtAbove Ground SqFt2,116 SqFtStories1Lot Size15,246 SqFtStyleMulti-Family Dwelling (2-4)Year Built1977Year Renovated1991CountyTHURSTONAPN7073-00-01002Fireplace TypeHas Fireplace
Schools near 4329 Ridgewood Lane Northwest
This home is within Olympia School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Leland P Brown Elementary School PublicK to 5 | ||
Jefferson Middle School Public6 to 8 | ||
Avanti High School Public9 to 12 | ||
Capital High School Public9 to 12 |
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 Redfin
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.
