Listed by Julie Brannberg • Kenzie Properties LLC. Bought with Riley Jackson Real Estate Inc.
Off market jul 2024 for $581K
$624,805
Est. refi paymentEst. refi$866/mo
—
bd
•
— ba
•
1,980
sq ft
10905 Kuhlman Rd SE, Olympia, WA 98513
About this home
INVESTOR ALERT! Incredible investment opportunity with this like-new duplex in Northeast Lacey, offering over 7% CAP rate and minimal maintenance. This property features completely updated units - brand new paint, flooring, & electrical (fully permitted & updated to current code). Private patios & RV Parking w/ dedicated 30amp service, perfect for additional rental income or personal use. Side A is vacant and ready for showing; Side B is tenant-occupied. Both units are identical, mirror image floorplans. Transform this property into an easy 3 unit revenue-generating investment with minimal effort. Minutes from I-5 at Nisqually. Owner is also willing to convey trailer storage which has historical rental income of additional $150/month.
Multi-familyProperty Type
1979Year Built
1.29 acresLot Size
$316Est. Price/Sq.Ft.
6 spacesParking
Listed by Julie Brannberg• Kenzie Properties LLC
Bought with Julie Patel• Riley Jackson Real Estate Inc.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
4
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
1.29 Acres
Year renovated
2020
Sq. Ft.
1,980
Year built
1979
Style
Multi-Family (2-4 Unit)
County
Thurston County
APN
81280005600
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 18, 2026.
RR1/5
Rural Residential-One Dwelling Unit Per Five Acre District
The intent of this district is to assist in maintaining the commercial timber industry and to protect the public health in areas with severe soil limitation for septic system, severely limited water supply, aquifer recharge and floodplains, and the Nisqually subarea.
Permitted uses
Include but are not limited to:
Agriculture
Housing-Single unit
Housing-Multiple units
Property details
Parking
Parking Information
Parking Uncovered Spaces: 4
Covered Spaces: 2
Parking Features: RV Parking
Open Parking Spaces: 4
Garage Square Feet: 630
Has Open Parking
Interior
Bedroom Information
Bedrooms Possible: 4
Heating & Cooling
Has Heating
Heating Information: Baseboard
Cooling Information: None
Interior Features
Interior Features: Wall to Wall Carpet
Flooring: See Remarks, Vinyl, Vinyl Plank, Carpet
Multi-Family Financial Information
Insurance Expense: $1,275
Net Operating Income: $39,189
Gross Adjusted Income: 44400
Gross Scheduled Income: $44,400
Total Monthly Income: 3700
Gross Rent Multiplier: 12.4
Total Expenses: 5211
Multi-Unit Information
Units Below Grade: false
Units In Building Total: 2
# of Units (Total): 2
Exterior
Building Information
Roof: Composition
Exterior Features
Exterior Features: Wood, Wood Products
Property Information
Energy Source: Electric
Style Code: 52 - Duplex
Property Type: Residential Income
Property Sub Type: Multi Family
Property Condition: Very Good
Has View
Land Information
Possible Use: Residential
Lot Information
Lot Number: 1
MLS Lot Size Source: Thurston County
Site Features: Cable TV,Fenced-Partially,Gas Available,High Speed Internet,Patio,RV Parking
Zoning Jurisdiction: County
Lot Features: Paved
Lot Size Units: Square Feet
Lot Size Acres: 1.29
Lot Size Dimensions: 200x289
Elevation Units: Feet
Financial
Tax Information
Tax Annual Amount: $3,300
Tax Year: 2024
Financial Information
Listing Terms: Cash Out, Conventional, VA Loan
Buyer Financing: Conventional
Utilities
Utility Information
Water Source: Public
Water Company: City of Lacey
Power Company: PSE
Sewer: Septic Tank
Sewer Company: Septic
Water Sewer Garbage: 636
Cable Connected: Xfinity
Internet Connected: Xfinity
Location
School Information
Elementary School: Meadows Elem
Middle Or Junior High School: Salish Middle
High School: River Ridge High
High School District: North Thurston
Location Information
Directions: From Martin Way E, turn left onto Marvin Rd SE. After 1.5 miles, turn right onto Steilacoom Rd SE. Drive 1 mile and turn left onto Kuhlman Rd SE. Drive 1.5 miles to 10905 Kuhlman Rd SE.
Community Information
Amenities: See Remarks
Public facts
Beds: 4
Baths: 2.0
Sq. Ft.: 1,980
Stories: 1.0
Lot Size: 1.29 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1979
Year Renovated: 2020
County: Thurston County
APN: 81280005600
Home facts updated by county records on Sep 18, 2026
Other
Listing Information
Mls Status: Sold
Listing Date Information
On Market Date: Friday, June 7, 2024
Green Information
Power Production Type: Electric
Home Information
Living Area Units: Square Feet
Calculated Square Footage: 1980
MLS Square Footage Source: Realist
Building Area Total: 1980
Building Area Units: Square Feet
Foundation Details: Poured Concrete
Building Name: Valley Acres Ranchettes
Year Built Effective: 2019
Effective Year Built Source: See Remarks
Structure Type: Duplex
Stories Total: 1
Around this home
Schools
K - 12
Preschool & daycare
Meadows Elementary School
Public PreK-5 • Assigned • 1.7mi
6/10
Salish Middle School
Public 6-8 • Assigned • 2.8mi
5/10
River Ridge High School
Public 9-12 • Assigned • 2.0mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 87° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
6/10 Air Factor
7 unhealthy days expected this year, 8 days in 30 years
Provided by First Street
Historical weather
Olympia, WA • 98513
Average low and high temperatures (°F)
47
34
48
34
54
38
63
39
69
45
74
50
79
54
79
57
74
52
60
43
51
41
48
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.8 hours in
June and 1.8 hours in December, placing it below the
U.S. average for solar exposure.
8.8 hrs
1.8 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$594,000 – $719,000
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