OFF MARKET

Listed by Jim Bennett • RE/MAX Parkside Affiliates. Bought with Berkshire Hathaway Sound Rltrs.

Off market oct 2017 for $275K

$547,138

Est. refi paymentEst. refi $2,255/mo

—

•

— ba

•

1,748

sq ft

2508 Carpenter Rd SE, Olympia, WA 98503

About this home

Incredible investment opportunity. Single story with 1 car garage attached per unit with openers. Property offers privacy with fully fenced back yards with patios. Appliances are newer, this duplex shows excellent pride of ownership! No HOA, unit A has new carpet, vinyl & new paint inside. Unit B is also in excellent condition, newer 30 year Architectural Roofing. Newer Double Pain Vinyl Windows, landscaped front and rear yards. Always rented! City of Lacey Water & Septic System.

Multi-familyProperty Type

1977Year Built

0.31 acresLot Size

$313Est. Price/Sq.Ft.

5 spacesParking

Listed by Jim Bennett • RE/MAX Parkside Affiliates

Listed by Anya Myer • RE/MAX Parkside Affiliates

Bought with James Porter • Berkshire Hathaway Sound Rltrs

Redfin checked: a few seconds ago

•Source:NWMLS as Distributed by MLS Grid #1183827

Redfin Estimate

$547,138

$272K since sold in October 2017$8,000 since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 4.5% higher than the average sale price ($523K) of 6 comparable homes.

SOLD AUG 31, 2026
$525,000
A
3 beds2 baths1,753 sq ft
6416 Sierra Dr SE, Lacey, WA 98503
Listing provided by nwmls
SOLD JUL 9, 2026
$500,000
B
3 beds2.5 baths1,788 sq ft
6811 36th Ave SE, Lacey, WA 98503
Listing provided by nwmls
SOLD JUL 6, 2026
$490,000
C
3 beds2 baths1,685 sq ft
6909 33rd Ave SW, Lacey, WA 98503
Listing provided by nwmls
SOLD AUG 3, 2026
$492,275
D
4 beds2.5 baths1,686 sq ft
1502 Homann Dr SE, Lacey, WA 98503
Listing provided by nwmls
SOLD OCT 7, 2026
$597,796
E
3 beds2 baths2,400 sq ft
3401 Ida Jane Rd SE, Lacey, WA 98503
Listing provided by nwmls
SOLD AUG 19, 2026
$535,000
F
3 beds2 baths1,418 sq ft
6006 16th Ave SE, Lacey, WA 98503
Listing provided by nwmls

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Earn from this home

Sell

$334,648

Est. take-home

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Refinance

Est. cash available

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Market trends in 98503, WA

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

100.2%

+0.7% MoM

Median sale price

$487K

$3K MoM

Avg. days on market

16d

1 days MoM

Recently sold homes

107

1 MoM

New listings for sale

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$550,000
4 beds2.5 baths2,514 sq ft
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Sarah Morris • Century 21 Van Dorm Realty
$549,999
4 beds2 baths1,974 sq ft
4803 21st Ave SE, Olympia, WA 98503
Renny Moeun • Call It Closed
$359,900
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OPEN SAT, 11AM TO 2PM
$299,000
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Karen Nadler • John L. Scott Lacey
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Carlee Hjelm • Olympic Sotheby's Int'l Realty
$400,000
2 beds1 bath896 sq ft
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Jesse Chase • Skyline Properties, Inc.
$965,000
8 beds4 baths4,000 sq ft
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$515,000
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Nate Burgher • Virgil Adams Real Estate, Inc.
See all

Provided by Redfin

Sale history for 2508 Carpenter Rd SE

Year

Property tax

Land + Additions

Assessment*

2026

$5,698 (+8.3%)

$255,000 + $280,800

$535,800

2025

$5,263 (+16.1%)

$255,000 + $280,800

$535,800

2024

$4,533 (+14.7%)

$247,400 + $245,500

$492,900

2023

$3,952 (+7.5%)

$208,200 + $250,800

$459,000

2022

$3,676 (+2.4%)

$187,500 + $207,600

$395,100

2021

$3,589 (+8.0%)

$135,100 + $167,600

$302,700

2020

$3,322 (+20.7%)

$90,600 + $184,900

$275,500

2019

$2,752 (−8.9%)

$111,500 + $150,300

$261,800

2018

$3,021 (+27.4%)

$92,800 + $119,300

$212,100

2017

$2,372 (+5.7%)

$92,800 + $119,300

$212,100

2016

$2,244 (−1.2%)

$58,100 + $113,300

$171,400

2015

$2,272 (+5.5%)

$60,300 + $103,000

$163,300

2014

$2,154 (+1.6%)

$66,000 + $91,900

$157,900

2013

$2,120 (−4.9%)

$66,000 + $91,900

$157,900

2012

$2,229 (−3.5%)

$66,000 + $82,000

$148,000

2011

$2,309 (−1.9%)

$48,100 + $123,500

$171,600

2010

$2,355 (−1.7%)

$62,850 + $133,000

$195,850

2009

$2,396

$80,800 + $138,800

$219,600

Tax history for 2508 Carpenter Rd SE

Year

Property tax

Land + Additions

Assessment*

2026

$5,698 (+8.3%)

$255,000 + $280,800

$535,800

2025

$5,263 (+16.1%)

$255,000 + $280,800

$535,800

2024

$4,533 (+14.7%)

$247,400 + $245,500

$492,900

2023

$3,952 (+7.5%)

$208,200 + $250,800

$459,000

2022

$3,676 (+2.4%)

$187,500 + $207,600

$395,100

2021

$3,589 (+8.0%)

$135,100 + $167,600

$302,700

2020

$3,322 (+20.7%)

$90,600 + $184,900

$275,500

2019

$2,752 (−8.9%)

$111,500 + $150,300

$261,800

2018

$3,021 (+27.4%)

$92,800 + $119,300

$212,100

2017

$2,372 (+5.7%)

$92,800 + $119,300

$212,100

2016

$2,244 (−1.2%)

$58,100 + $113,300

$171,400

2015

$2,272 (+5.5%)

$60,300 + $103,000

$163,300

2014

$2,154 (+1.6%)

$66,000 + $91,900

$157,900

2013

$2,120 (−4.9%)

$66,000 + $91,900

$157,900

2012

$2,229 (−3.5%)

$66,000 + $82,000

$148,000

2011

$2,309 (−1.9%)

$48,100 + $123,500

$171,600

2010

$2,355 (−1.7%)

$62,850 + $133,000

$195,850

2009

$2,396

$80,800 + $138,800

$219,600

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

0.31 Acres

Year renovated

1991

Sq. Ft.

1,748

Year built

1977

Style

Multi-Family (2-4 Unit)

County

Thurston County

APN

11827122104

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 18, 2026.

Property details

Parking

Parking Information
Parking Uncovered Spaces: 3
Covered Spaces: 2
Open Parking Spaces: 3
Has Open Parking

Interior

Heating & Cooling
Has Heating

Interior Features
Interior Features: Wall to Wall Carpet
Flooring: Vinyl, Carpet

Multi-Family Financial Information
Insurance Expense: $600
Net Operating Income: $17,414
Gross Adjusted Income: 21126
Gross Scheduled Income: $21,780
Total Monthly Income: 1815
Gross Rent Multiplier: 12
Total Expenses: 3812

Multi-Unit Information
Units Below Grade: false
Units In Building Total: 2
Vacancy Rate: 3
# of Units (Total): 2
Furnished: Unfurnished

Exterior

Building Information
Roof: Composition

Exterior Features
Exterior Features: Wood

Property Information
Style Code: 52 - Duplex
Property Type: Residential Income
Property Sub Type: Multi Family
Property Condition: Very Good

Land Information
Possible Use: Multi-Family, Residential, See Remarks

Lot Information
Lot Number: 4
MLS Lot Size Source: MetroScan
Site Features: Cable TV,Fenced-Fully,High Speed Internet,Patio
Zoning Jurisdiction: County
Lot Features: Dead End Street, Paved, Secluded
Lot Size Units: Square Feet
Lot Size Acres: 0.31
Lot Size Dimensions: 149x86
Elevation Units: Feet

Financial

Tax Information
Tax Annual Amount: $2,372
Tax Year: 2017

Financial Information
Listing Terms: Cash Out, Conventional
Buyer Financing: VA

Utilities

Utility Information
Water Source: Public
Water Company: City of Lacey
Power Company: PSE
Sewer: Septic Tank
Sewer Company: Septic
Utilities: Cable Connected, High Speed Internet, Septic System, Electric, Wood
Water Sewer Garbage: 840

Location

HOA Information
Association Fee Frequency: Annually

School Information
Elementary School: Woodland Elem
Middle Or Junior High School: Nisqually Mid
High School: Timberline High
High School District: North Thurston

Location Information
Directions: From Lacey, south on Carpenter Road just after Holmes Island Road, turn left at street address to the end of the street.

Public facts

Beds: 4
Baths: 2.0
Sq. Ft.: 1,748
Stories: 1.0
Lot Size: 0.31 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1977
Year Renovated: 1991
County: Thurston County
APN: 11827122104

Home facts updated by county records on Sep 18, 2026

Other

Listing Information
Mls Status: Sold

Listing Date Information
On Market Date: Thursday, August 24, 2017

Green Information
Power Production Type: Electric, Wood

Home Information
Living Area Units: Square Feet
Calculated Square Footage: 1748
Building Area Total: 1748
Building Area Units: Square Feet
Foundation Details: Poured Concrete
Building Name: SS-0296
Year Built Effective: 1977
Effective Year Built Source: Public Records
Structure Type: Duplex
Stories Total: 1

Around this home

Schools

Woodland Elementary School

Public PreK-5 • Assigned • 1.4mi

7/10

Nisqually Middle School

Public 6-8 • Assigned • 1.9mi

5/10

Timberline High School

Public 9-12 • Assigned • 1.3mi

6/10

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 88° expected this year, 14 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 • 98503

Average low and high temperatures (°F)

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

$520,000 – $630,000

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