OFF MARKET

Listed by Julie Brannberg • Kenzie Properties LLC. Bought with Better Properties N. Proctor.

Off market mar 2024 for $600K

$600,252

—

•

— ba

•

1,902

sq ft

507 Kaiser Rd NW, Olympia, WA 98502

About this home

8% Cap Rate! 3 units on 2/3 acre on Olympia's Westside. Duplex plus single family home. Unit A: 1 bed / 1 full bath w/ attached carport; Unit B: Studio Apt w/ full bath. Unit C: 2 bed / 1 full bath & loft. Updated interiors. Property has wide circular driveway w/ 4 additional parking spaces. Accessibility cannot be beat! One block to bus stop and 1/4 mile to 101 freeway. Owner will pay for professional placement of new tenants for all units. All units are currently operating as a 4.78-star Airbnbs. Furnishings can be purchased outside of closing for $10,000. Please do not disturb guests. Tours available - must be accompanied by an agent.

Multi-familyProperty Type

1970Year Built

0.63 acresLot Size

$316Est. Price/Sq.Ft.

6 spacesParking

Listed by Julie Brannberg • Kenzie Properties LLC

Bought with Gretchen Nogler • Better Properties N. Proctor

Redfin checked: a minute ago

•Source:NWMLS as Distributed by MLS Grid #2180926

Redfin Estimate

$600,252

$252 since sold in March 2024$27K since September

Recently sold homes
Estimate history

This home's estimate is 16.1% higher than the average sale price ($517K) of 6 comparable homes.

SOLD AUG 11, 2026
$515,000
A
3 beds2 baths1,844 sq ft
16239 Prairie Villa St SW, Tenino, WA 98589
SOLD APR 7, 2026
$586,000
B
4 beds2 baths1,888 sq ft
3526 6th Ave NW, Olympia, WA 98502
SOLD JUN 24, 2026
$488,000
C
3 beds2 baths1,944 sq ft
8548 178th Ave SW, Rochester, WA 98579
SOLD JUL 23, 2026
$540,000
D
3 beds2 baths1,942 sq ft
9844 173rd Ave SW, Rochester, WA 98579
SOLD SEP 4, 2026
$443,112
E
2 beds2 baths1,847 sq ft
16129 Gibson Rd SW, Tenino, WA 98589
SOLD SEP 25, 2026
$529,000
F
3 beds2 baths1,592 sq ft
19210 Pecan St SW, Rochester, WA 98579

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Earn from this home

Sell

$105,713

Est. take-home

List your home with Redfin and save $6,003

Market trends in 98502, WA

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

99.2%

0.6% MoM

Median sale price

$636K

$4K MoM

Avg. days on market

18d

6 days MoM

Recently sold homes

132

1 MoM

New listings for sale

$825,000
2 beds2 baths1,409 sq ft
1801 West Bay Dr NW #304, Olympia, WA 98502
Nate Burgher • Virgil Adams Real Estate, Inc.
OPEN OCT 17, 12PM TO 3PM
$179,900
2 beds2 baths1,248 sq ft
1111 Archwood Dr SW #500, Olympia, WA 98502
Brandon Judy • Commonwealth Real Estate Serv.
$169,900
2 beds2 baths1,176 sq ft
1111 Archwood Dr SW #501, Olympia, WA 98502
Brandon Judy • Commonwealth Real Estate Serv.
OPEN SAT, 2PM TO 4PM
$515,000
5 beds2.5 baths2,252 sq ft
3905 Cooper Crest Dr NW, Olympia, WA 98502
HENRY Nguyen • Better Properties Hometown
$569,990
4 beds2.5 baths2,282 sq ft
519 Birchwood Dr SW, Olympia, WA 98502
Sreenath Gangula • WeLakeside
$578,500
3 beds2 baths2,064 sq ft
3126 RED FERN Dr NW, Olympia, WA 98502
ANDREA Peters • Windermere Real Estate Olympia
EARLY ACCESS
$560,000
3 beds1.75 baths1,992 sq ft
1705 Medallion Loop NW, Olympia, WA 98502
3D WALKTHROUGH
$549,900
3 beds2 baths1,950 sq ft
2435 Crestridge Dr NW, Olympia, WA 98502
Nicole Braam • COMPASS
3D WALKTHROUGH
$430,000
2 beds2.5 baths1,255 sq ft
1314 Evergreen Park Dr SW Unit W, Olympia, WA 98502
Nicole Braam • COMPASS
$625,000
1 bed2.5 baths1,966 sq ft
1910 Evergreen Park Dr SW #1001, Olympia, WA 98502
Paul McLain • RE/MAX Parkside Affiliates
See all

Provided by Redfin

Sale history for 507 Kaiser Rd NW

Date

Event

Price

Mar 19, 2024

Sold (MLS) (Closed)

NWMLS as Distributed by MLS Grid #2180926

$600,000

$315/sq ft

Jan 8, 2024

Pending (Pending - Backup Offer Requested)

NWMLS as Distributed by MLS Grid #2180926

—

Jan 8, 2024

Relisted (Active)

NWMLS as Distributed by MLS Grid #2180926

—

Nov 17, 2023

Listed (Active)

NWMLS as Distributed by MLS Grid #2180926

$617,000

$324/sq ft

Sep 8, 2005

Sold (MLS)

NWMLS as Distributed by MLS Grid #25076537

$282,000

$148/sq ft

May 31, 2005

Listed

NWMLS as Distributed by MLS Grid #25076537

$295,000

$155/sq ft

Public record

Public record
Zoning
Permits

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

—

Year renovated

—

Sq. Ft.

—

Year built

—

Style

Multi-Family (2-4 Unit)

County

Thurston County

APN

12817310901

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on May 26, 2023.

PO/RM

Professional Office/Residential Multifamily District

This district is intended to: Provide a transitional area, buffering residential areas from more intensive commercial uses. Development within this district should be compatible with residential uses and generate low vehicular traffic characteristic of less intrusive uses.; Provide for a compatible mix of office, moderate- to high-density residential, and small-scale commercial uses, in order to provide opportunities for people to live, work, and recreate in a pedestrian-oriented area.

Permitted uses

Include but are not limited to:

Bank
General retail
Restaurant
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Office
Medical office
Park & open space

Property details

Parking

Parking Information
Parking Uncovered Spaces: 5
Parking Features: RV Parking
Open Parking Spaces: 5
Carport Spaces: 1
Has Open Parking

Interior

Heating & Cooling
Has Heating
Heating Information: Baseboard, Wall Unit(s)
Has Cooling
Cooling Information: Window Unit A/C

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

Multi-Family Financial Information
Insurance Expense: $1,500
Other Expense: $2,200
Net Operating Income: $49,485
Gross Adjusted Income: 57570
Gross Scheduled Income: $60,600
Total Monthly Income: 5250
Gross Rent Multiplier: 10.18
Total Expenses: 8085

Multi-Unit Information
Units Below Grade: false
Units In Building Total: 3
Vacancy Rate: 5
# of Units (Total): 3

Exterior

Building Information
Roof: Composition

Exterior Features
Exterior Features: Wood

Property Information
Energy Source: Electric
Style Code: 53 - Tri-plex
Property Type: Residential Income
Property Sub Type: Multi Family
Property Condition: Good
Has View

Land Information
Possible Use: Office, Residential

Lot Information
MLS Lot Size Source: County Assessor
Site Features: Cable TV,High Speed Internet,Outbuildings,Patio,RV Parking
Zoning Jurisdiction: City
Lot Features: Paved
Lot Size Units: Square Feet
Lot Size Acres: 0.63
Elevation Units: Feet

Financial

Tax Information
Tax Annual Amount: $4,385
Tax Year: 2023

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

Utilities

Utility Information
Water Source: Individual Well
Water Company: Individual Well
Power Company: PSE
Sewer: Septic Tank
Sewer Company: Septic
Water Sewer Garbage: 0
Cable Connected: Xfinity
Internet Connected: Xfinity

Location

School Information
Elementary School: Mclane Elem
Middle Or Junior High School: Marshall Middle
High School: Capital High
High School District: Olympia

Location Information
Directions: East on Mud Bay / Harrison, Right on Kaiser to property on Right.

Public facts

Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: Thurston County
APN: 12817310901

Home facts updated by county records on May 26, 2023

Other

Listing Information
Mls Status: Sold

Listing Date Information
On Market Date: Friday, November 17, 2023

Green Information
Power Production Type: Electric

Home Information
Living Area Units: Square Feet
Calculated Square Footage: 1902
MLS Square Footage Source: Contractor / Buyer to Verify
Building Area Total: 1902
Building Area Units: Square Feet
Structure Type: Triplex
Stories Total: 2

Around this home

Schools

McLane Elementary School

Public PreK-5 • Assigned • 0.9mi

4/10

Thurgood Marshall Middle School

Public 6-8 • Assigned • 1.2mi

7/10

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, 15 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

6/10 Air Factor

6 unhealthy days expected this year, 6 days in 30 years

Provided by First Street

Historical weather

Olympia, WA • 98502

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 8.7 hours in June and 1.8 hours in December, placing it below the U.S. average for solar exposure.

8.7 hrs

1.8 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$571,000 – $691,000

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Home values near 507 Kaiser Rd NW

Data from public records.

Address	Redfin Estimate
524 Kaiser Road Southwest, Olympia, WA 4 Beds \| 2 Baths \| 1848 Sq. Ft.	—
438 Kaiser Road Southwest, Olympia, WA - Beds \| - Baths \| 3828 Sq. Ft.	$690,504

Address	Redfin Estimate
524 Kaiser Road Southwest, Olympia, WA - Beds \| - Baths \| 3976 Sq. Ft.	—
507 Kaiser Road Northwest #A,B,C, Olympia, WA - Beds \| - Baths \| - Sq. Ft.	$640,447

Address	Redfin Estimate
507 Kaiser Road Southwest #A, Olympia, WA 4 Beds \| 3 Baths \| 1900 Sq. Ft.	$601,297
528 Beechwood Court Southwest, Olympia, WA 6 Beds \| 3.5 Baths \| 3011 Sq. Ft.	$677,982

Property information provided by NWMLS as Distributed by MLS Grid when last listed in 2023. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 98502, WA

Sale history for 507 Kaiser Rd NW

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 98502

Home values near 507 Kaiser Rd NW

More real estate resources