704 South 5th Avenue Southwest
Tumwater, WA 98512
$1,075,000
Price
6
Beds
5.75
Baths
6,077 Sq. Ft.
$177 / Sq. Ft.
6,077
Sq. Ft.
$177
per Sq. Ft.
Listing provided courtesy of CENTURY 21 North Homes Realty, Real Broker LLC
Description
Duplex investment opportunity in Tumwater Hill! This income-producing duplex offers 6,077 SF of total living space, inc the basement, 6 bedrooms, 5.75 baths, 2 grand rooms & 900+ SF basement recording studio. Perfect for multigenerational living or co-living needs, features connected interiors, allowing it to function as a single-family home if desired. Stunning Mt. Rainier views from balcony, spacious yard w/garden beds & potential to convert front garage into additional living space. Located in...Duplex investment opportunity in Tumwater Hill! This income-producing duplex offers 6,077 SF of total living space, inc the basement, 6 bedrooms, 5.75 baths, 2 grand rooms & 900+ SF basement recording studio. Perfect for multigenerational living or co-living needs, features connected interiors, allowing it to function as a single-family home if desired. Stunning Mt. Rainier views from balcony, spacious yard w/garden beds & potential to convert front garage into additional living space. Located in a quiet community near the I-5 corridor, it's just minutes to downtown Tumwater, Olympia, shopping, golfing, state parks & rivers. Incredible opportunity for investors or versatile living options. Ample parking. No HOA! Priced to sell now-hurry!
- Listed by Celeste Zarling • CENTURY 21 North Homes Realty
- Listed by Chad Storey • Real Broker LLC
Property Details for 704 South 5th Avenue Southwest
Community Name
Tumwater
School DistrictTumwater
ViewMountain(s), Territorial
Number of Assigned Spaces7
Total Covered Parking3
Entry Date11-22-2024
Energy SourceNatural Gas
SewerSewer Connected
LISTING UPDATED: 11/22/2024 03:06 PM
Property Details for 704 South 5th Avenue Southwest
| Status | Active |
|---|---|
| MLS # | 2309382 |
| Days on Market | 2 |
| Cumulative Days on Market | 2 |
| Taxes | $9,704 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 2006 |
| Lot Size | 0.17 AC / 7,500 SF |
| County | Thurston County |
Building Information for 704 South 5th Avenue Southwest
Stories2Residences2Year Built2006Building Size-Lot Size0.17 AC / 7,500 SF
Property Information for 704 South 5th Avenue Southwest
Summary
Location and General Information
- Style: 52 - Duplex
- Site Features: Cable TV, Deck, Gas Available, High Speed Internet
- Area: 443 - Tumwater
- Elementary School: Buyer To Verify
- Middle Or Junior School: Buyer To Verify
- High School: Buyer To Verify
- Effective Year Built Source: Public Records
- Directions: From I-5 S take exit 103, continue straight on 2nd, Right on F, Left on 5th, on the Left.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 4.0
- Open Parking: Yes
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
- Features: Laminate
- Amenities: See Remarks
- Cooling: Yes
- Cooling: Heat Pump
- Fireplace: No
- Heating: Yes
- Heating: Forced Air, Heat Pump
- FIRPTA: No
Exterior Features
- Exterior: Cement Planked
- Roof: Composition
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 2400
- Power Company: PSE
- Sewer Company: City of Tumwater
- Water Company: City of Tumwater
- Power Production Type: Natural Gas
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Class: Multi-Family
- First Right Of Refusal: false
- Possible Use: Multi-Family
- MLS Square Footage Source: Realist
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: Auction, See Remarks
- Year Built Effective: 2006
- Photos Count: 38
Lot Information
- Lot Details: Corner Lot, Paved
- Lot Size Source: Realist
- Parcel Number Free Text: 33202500800
- Building Condition: Very Good
- Calculated Square Footage: 6077
- Structure Type: Duplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 6077.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 4
- Number of Stories in Building: 2
- Vacancy Rate: 1
- Number Of Units Total: 2
- Units Below Grade: false
- Units In Building Total: 2
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 15104
- Gross Adjusted Income: 70800
- Gross Rent Multiplier: 15.5
- Gross Scheduled Income: $70,800
- Insurance Expense: $3,000
- Net Operating Income: $55,696
- Other Expenses: $0
- Total Monthly Income: 5900
- Fuel Expense: $0
Unit 1
- Name Unit 1: G
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 2700
- Rent Unit 1: $2,950.00
- Bedrooms Unit 1: 3
- Fireplaces Unit 1: 2
- Bathrooms Unit 1: 3
Unit 2
- Name Unit 2: U
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 2400
- Rent Unit 2: $2,950.00
- Bedrooms Unit 2: 3
- Fireplaces Unit 2: 1
- Bathrooms Unit 2: 3
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 6077.0
- Leasable Area Units: Square Feet
Property History for 704 South 5th Avenue Southwest
| 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 704 South 5th Avenue Southwest
This home is within Tumwater School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 12 |
Rating | School | Distance |
|---|---|---|
Michael T Simmons Elementary School PublicK to 5 | ||
Tumwater Middle School Public6 to 8 | ||
A G West Black Hills High School Public9 to 12 | ||
Thurs Co Juv Det/Tumwater West E Public6 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 CENTURY 21 North Homes Realty; Real Broker LLC
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.
