This home's estimate is 57.3% higher than the average sale price ($621K) of 6 comparable homes.
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4501 Wiggins Rd SE, Olympia, WA 98501
About this home
Investor Alert!!10% CAP RATE! These recently updated properties are a must see cash flowing machine. Live in the main 1 1/2 story home and keep the 3 mobiles rented. With over 7,000 sq ft of rentable living space and 1.7 acres zoned R4-8 this investment property will not last long. Recent updates in some of the units include fresh interior paint, laminate & vinyl flooring, carpet & much more. Located in the highly sought after Olympia school district.

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Market trends in 98501, WA
Last updated August 2026
Buyer's Market
Seller's Market
Seller's market
- NEW 8 HRS AGO$589,0003 beds2 baths1,883 sq ft3423 Donnelly Dr SE, Olympia, WA 98501Christina Foppiano • Century 21 Van Dorm Realty
- OPEN SAT, 11AM TO 3PM$565,0003 beds2 baths1,980 sq ft9023 Silverspot Dr SE, Olympia, WA 98501Jeff Wilson • John L. Scott Lacey
- NEW 25 HRS AGO$99,9503 beds2 baths1,404 sq ft9011 Old Highway 99 SE #161, Olympia, WA 98501Alex Gardner • Century 21 Van Dorm Realty
- NEW 26 HRS AGO$475,0004 beds2 baths1,638 sq ft5611 Devonshire St SE, Olympia, WA 98501Paul Klenk • Century 21 Van Dorm Realty
- $399,0002 beds1 bath806 sq ft1827 Orange St SE, Olympia, WA 98501Susanna Walker • Crafted Real Estate
- $560,0004 beds2.5 baths2,192 sq ft4343 Highline Dr SE, Olympia, WA 98501Walter Scamehorn • Dove Realty, Inc.
- OPEN SUN, 1PM TO 4PM$549,9503 beds2 baths2,080 sq ft1405 10th Ave SE, Olympia, WA 98501Jen Turner • Better Properties - Metro
- $659,9504 beds2.5 baths2,652 sq ft5017 BLACK ROCK Loop SE, Olympia, WA 98501Yao Pan • Skyline Properties, Inc.
- $519,9993 beds1.5 baths1,092 sq ft718 73rd Ave SE, Tumwater, WA 98501Anne Thoreen • Windermere RE South Sound, Inc
- OPEN SUN, 3PM TO 5PM$874,9004 beds2.5 baths2,697 sq ft6543 Turnberry Ln SE, Olympia, WA 98501Michael Duggins • RE/MAX Parkside Affiliates
See all
Provided by Redfin
Sale history for 4501 Wiggins Rd SE
$108/sq ft
$133/sq ft
$132/sq ft
$141/sq ft
$80/sq ft
$80/sq ft
$56/sq ft
$56/sq ft
$19/sq ft
Tax history for 4501 Wiggins Rd SE
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Parking
- Parking Information
- Parking Uncovered Spaces: 10
- Covered Spaces: 2
- Parking Features: RV Parking
- Open Parking Spaces: 10
- Has Open Parking
Interior
- Heating & Cooling
- Has Heating
- Has Cooling
- Interior Features
- Interior Features: Forced Air, Heat Pump, Central A/C, Hardwood, Wall to Wall Carpet, Laminate
- Flooring: Hardwood, Laminate, Vinyl, Carpet
Exterior
- Building Information
- Roof: Composition
- Exterior Features
- Exterior Features: Metal/Vinyl, Wood Products
- Property Information
- Energy Source: Electric,Natural Gas
- Style Code: 54 - 4-Plex
- Property Type: Residential Income
- Property Sub Type: Multi Family
- Property Condition: Average
- Has View
- Lot Information
- MLS Lot Size Source: Realist
- Site Features: Electric Car Charging,Fenced-Partially,Gas Available,Outbuildings,RV Parking
- Zoning Jurisdiction: See Remarks
- Lot Features: Corner Lot, Open Space
- Lot Size Units: Square Feet
- Lot Size Acres: 1.71
- Elevation Units: Feet
Financial
- Tax Information
- Tax Annual Amount: $6,240
- Tax Year: 2022
- Financial Information
- Listing Terms: Cash Out, Conventional, VA Loan
- Buyer Financing: Other
Utilities
- Utility Information
- Water Source: Individual Well
- Water Company: Well
- Power Company: PSE
- Sewer: Septic Tank
- Sewer Company: Septic
- Utilities: Natural Gas Available, Septic System, Electric, Natural Gas Connected, Individual Well
- Water Sewer Garbage: 0
Location
- Multi-Family Financial Information
- Insurance Expense: $2,000
- Net Operating Income: $89,560
- Gross Adjusted Income: 0
- Total Monthly Income: 8150
- Gross Rent Multiplier: 89560
- Total Expenses: 8240
- Multi-Unit Information
- Units Below Grade: false
- Units In Building Total: 4
- Vacancy Rate: 2
- # of Units (Total): 4
- Furnished: Unfurnished
- School Information
- Elementary School: Centennial Elem
- Middle Or Junior High School: Wash Mid
- High School: Olympia High
- High School District: Olympia
- Location Information
- Directions: Head south on College St SE, Turn right onto Yelm Hwy SE, Turn right onto Wiggins Rd SE, Property on left side 0.6 miles.
- Community Information
- Common Interest: Multi-Family
Public facts
- Beds: —
- Baths: —
- Sq. Ft.: 1,680
- Stories: —
- Lot Size: 1.71 acres
- Style: Single Family Residential
- Year Built: 1993
- Year Renovated: —
- County: Thurston County
- APN: 11831140000
Other
- Listing Information
- Mls Status: Sold
- Listing Date Information
- On Market Date: Thursday, April 28, 2022
- Green Information
- Power Production Type: Electric, Natural Gas
- Home Information
- Living Area Units: Square Feet
- Calculated Square Footage: 7068
- Building Area Total: 7068
- Building Area Units: Square Feet
- Year Built Effective: 1980
- Effective Year Built Source: Public Records
- Structure Type: Quadruplex
- Stories Total: 2
Around this home
Schools
Public PreK-5 • Assigned • 0.8mi
Public 6-8 • Assigned • 1.5mi
Public 9-12 • Assigned • 1.9mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 88° expected this year, 14 days in 30 years
Minimal risk of severe winds over next 30 years
7 unhealthy days expected this year, 8 days in 30 years
Sun exposure
In this area, properties receive around 8.7 hours in June and 1.8 hours in December, placing it below the U.S. average for solar exposure.
Nearby similar homes
New listings for sale in 98501
Home values near 4501 Wiggins Rd SE
| Address | Redfin Estimate |
|---|---|
3 Beds | 2 Baths | 1702 Sq. Ft. | $480,232 |
2 Beds | 3 Baths | 2100 Sq. Ft. | $632,445 |
| Address | Redfin Estimate |
|---|---|
4 Beds | 2.5 Baths | 2872 Sq. Ft. | $699,184 |
3 Beds | 2 Baths | 1384 Sq. Ft. | $498,919 |
| Address | Redfin Estimate |
|---|---|
6 Beds | 4 Baths | 3808 Sq. Ft. | $749,485 |
3 Beds | 2 Baths | 1448 Sq. Ft. | $539,711 |
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