Courtesy: NextHome Northwest Group
360-456-4486
Michael Barber
Great investment opportunity from a well maintained duplex with additional assigned parking (6 total). Big 7500 sqft corner lot with potential for additional units and spectacular city and territorial views. Low maintenance yards for easy upkeep. Hardwood flooring in both units keeping maintenance and repair cost down. Newer Mini ductless split in vacant unit providing AC & Heat for better rent. Unit 522 is vacant for a great owner occupied opportunity and comfort. Common area utility room with washer & dryer. Cap rate based on 2024 tax return, current cap rate potential much higher. Conveniently located on Tumwater Hill with quick access to I-5, HWY 101, JBLM, schools, shopping, and parks.
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Tumwater is located in Washington. Tumwater, Washington has a population of 24,855. Tumwater is more family-centric than the surrounding county with 32.89% of the households containing married families with children. The county average for households married with children is 31.46%.
The median household income in Tumwater, Washington is $77,849. The median household income for the surrounding county is $81,501 compared to the national median of $69,021. The median age of people living in Tumwater is 35.4 years.
The average high temperature in July is 77.6 degrees, with an average low temperature in January of 34.4 degrees. The average rainfall is approximately 49.5 inches per year, with 6 inches of snow per year.
