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301 303 Mill Rd SE, Yelm, WA 98597
About this home
Attention Investors! Multi-Family Income Opportunity. Build your own cash flow complex. Buy this unit & MLS #1130858 & there is potential opportunity to add a 3rd Duplex! Property zoned 6 units/acre. Unit 303 totally updated & ready for viewing. Pro-Forma rent used for unit 303. Similar units rent for $1,200/mo. Tenants pay all utilities. Fully fenced back yards. Large 3 bed/2.5 bath units. 1421 s.f. per side. Close to JBLM, shopping, schools & across the street from a beautiful park.

Redfin Estimate
Market trends in 98597, WA
Last updated August 2026
Buyer's Market
Seller's Market
Seller's market
- NEW 3 HRS AGO$459,9003 beds2.5 baths1,694 sq ft9819 Greenleaf Loop SE, Yelm, WA 98597Aaron Thomas • Real Broker LLC
- NEW 27 HRS AGO$449,9003 beds2.5 baths1,580 sq ft16231 84th Ct SE, Yelm, WA 98597Angela Wassmann • HomeSmart Real Estate Assoc
- OPEN SEP 27, 1PM TO 3PM$533,5004 beds2.5 baths2,492 sq ft9952 Justman St SE, Yelm, WA 98597Robert Arroyo • Group 7 Inc., Real Estate Serv
- $740,0003 beds2 baths2,511 sq ft15837 Lawrence Pl SE, Yelm, WA 98597Kathryn Coulter • Real Estate With Nik & Co
- $525,0003 beds2.5 baths2,386 sq ft15057 Iverson Loop SE, Yelm, WA 98597Aubrey Davenport • eXp Realty
- $385,0002 beds1 bath1,024 sq ft211 Mosman Ave SE, Yelm, WA 98597Bruce Batson • Coldwell Banker Evergreen
- $447,5003 beds2 baths1,064 sq ft121 SE View Dr, Yelm, WA 98597Michelle Harold • FirstPoint Real Estate LLC
- 3D WALKTHROUGH$712,4503 beds2 baths2,586 sq ft15839 Ordway Dr SE, Yelm, WA 98597Eldar Zhangozuev • Every Door Real Estate
See all
Provided by Redfin
Sale history for 301 303 Mill Rd SE
$1/sq ft
$1/sq ft
$102/sq ft
$123/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
- Public record
- Zoning
R-4
Low-Density Residential District
It is the intent of this chapter to enhance and guide development in single-family residential areas.Include but are not limited to:
- Housing-Single unit
- Housing-Multiple units
- Housing-Senior
- Public service
Property details
Parking
- Parking Information
- Parking Uncovered Spaces: 6
- Covered Spaces: 2
- Open Parking Spaces: 6
- Has Open Parking
Interior
- Heating & Cooling
- Has Heating
- Interior Features
- Interior Features: Wall to Wall Carpet
- Flooring: Vinyl, Carpet
Exterior
- Building Information
- Roof: Composition
- Exterior Features
- Exterior Features: Cement Planked
- Property Information
- Style Code: 52 - Duplex
- Property Type: Residential Income
- Property Sub Type: Multi Family
- Property Condition: Good
- Land Information
- Possible Use: Multi-Family
- Lot Information
- MLS Lot Size Source: Public Record
- Site Features: Cable TV,Fenced-Fully,High Speed Internet,Patio
- Zoning Jurisdiction: City
- Lot Features: Paved, Sidewalk
- Lot Size Units: Square Feet
- Lot Size Acres: 0.5
- Lot Size Dimensions: 138' x 150'
- Elevation Units: Feet
Financial
- Tax Information
- Tax Annual Amount: $3,895
- Tax Year: 2017
- Financial Information
- Listing Terms: Cash Out, Conventional
- Buyer Financing: Cash
Utilities
- Utility Information
- Water Source: Public
- Water Company: City of Yelm
- Power Company: PSE
- Sewer: Sewer Connected
- Sewer Company: City of Yelm
- Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
- Water Sewer Garbage: 0
Location
- Multi-Family Financial Information
- Insurance Expense: $893
- Net Operating Income: $20,292
- Gross Adjusted Income: 25080
- Gross Scheduled Income: $26,400
- Total Monthly Income: 2200
- Gross Rent Multiplier: 13
- Total Expenses: 4788
- Multi-Unit Information
- Units Below Grade: false
- Units In Building Total: 2
- Vacancy Rate: 5
- # of Units (Total): 6
- Furnished: Unfurnished
- HOA Information
- Association Fee Frequency: Annually
- School Information
- Elementary School: Southworth Elem
- Middle Or Junior High School: Buyer To Verify
- High School: Yelm High12
- High School District: Yelm
- Location Information
- Directions: South on HWY 510, West on 1st Street, South on Mill RD to Duplexes on the right.
- Community Information
- Amenities: Thermal Windows
Public facts
- Beds: —
- Baths: —
- Sq. Ft.: —
- Stories: —
- Lot Size: —
- Style: Single Family Residential
- Year Built: —
- Year Renovated: —
- County: Thurston County
- APN: —
Other
- Listing Information
- Mls Status: Sold
- Listing Date Information
- On Market Date: Tuesday, June 6, 2017
- Green Information
- Green Energy Efficient: Thermal Windows
- Power Production Type: Electric
- Home Information
- Living Area Units: Square Feet
- Calculated Square Footage: 2842
- Building Area Total: 2842
- Building Area Units: Square Feet
- Foundation Details: Poured Concrete
- Year Built Effective: 2004
- Effective Year Built Source: Public Records
- Structure Type: Duplex
- Stories Total: 2
Around this home
Schools
Public PreK-5 • Assigned • 0.2mi
Public 6-8 • Assigned • 0.3mi
Public 9-12 • Assigned • 1.2mi
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 87° expected this year, 14 days in 30 years
Minimal risk of severe winds over next 30 years
7 unhealthy days expected this year, 9 days in 30 years
Sun exposure
In this area, properties receive around 8.9 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 98597
Home values near 301 303 Mill Rd SE
| Address | Redfin Estimate |
|---|---|
6 Beds | 5 Baths | 2842 Sq. Ft. | $641,601 |
- Beds | - Baths | 2842 Sq. Ft. | — |
| Address | Redfin Estimate |
|---|---|
6 Beds | 5 Baths | 2842 Sq. Ft. | $935,414 |
4 Beds | 2.5 Baths | 2251 Sq. Ft. | $483,318 |
| Address | Redfin Estimate |
|---|---|
6 Beds | 5 Baths | 2842 Sq. Ft. | $626,672 |
4 Beds | 2.5 Baths | 2219 Sq. Ft. | $503,592 |
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