Duplex Townhome with Attached
For Sale
$574,900
1418 Mamook Ct NE, Olympia, WA 98516
Two-unit townhome property with private outdoor space, an attached garage, and additional driveway parking.
Property Size2,280 SF
Price / SF$252.15
Days on Market67
Property Features for 1418 Mamook Ct NE
General Information
Standard status
Active
Size
2,280 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Amenities
wood fireplace
private patio/yard
Building Details
Year Built
1983
Buildings
1
Listing Agency:
Hayden Outdoors LLC
Listed By:
Paul W Valentine · License #16858
(360) 753-8000
Source:
Katrinahalterman
Added: Aug 9
Changed: Oct 9
Last Checked: Oct 12 at 9:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hayden Outdoors LLC
Investment Insights
Based on property information with market context.
This duplex townhome property offers 2,280 square feet of living area with an open arrangement connecting the living and dining spaces. The kitchen includes substantial cabinet and counter space, while large windows bring natural light into the interior. Bedrooms provide separate private areas, and the living room includes a wood-burning fireplace. A private patio and yard create additional outdoor space, with an attached garage and driveway parking supporting daily convenience.
Built in 1983, the property sits on a quiet cul-de-sac in northeast Olympia. Shopping, dining, parks, and major commuter routes are nearby, with access to I-5 and amenities in Lacey and Tacoma. The layout and two-unit configuration support either owner occupancy or rental use.
Built in 1983, the property sits on a quiet cul-de-sac in northeast Olympia. Shopping, dining, parks, and major commuter routes are nearby, with access to I-5 and amenities in Lacey and Tacoma. The layout and two-unit configuration support either owner occupancy or rental use.
Key Highlights
- Duplex townhome configuration with 2,280 square feet
- Built in 1983
- Open living and dining arrangement with large windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,012
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$620,240
$620.2K
Cap Rate 7%
$443,029
$443.0K
Cap Rate 9%
$344,578
$344.6K
Market Conditions
NOI Build-Up for 2,280 SF
Gross rent
$46.5K $20.40/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$44.3K $19.43/SF
− OpEx
−$13.3K −$5.83/SF
NOI
$31.0K $13.60/SF
Area
Thurston County, WA
Vacancy
4.75%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$620,240
Cap Rate 7%
$443,029
Cap Rate 9%
$344,578
Alternative Uses
Best Use
Multifamily LT 5
$443.0K
$387.7K – $516.9K
NOI $31,012 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$408.4K
$357.4K – $476.5K
NOI $28,591 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$667.6K
$584.1K – $778.9K
NOI $46,731 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
357
Businesses Nearby
Explore this area
Business Placement
Demographics for 98516, WA
29,443
Population
11,600
Households
2.5
Avg Household Size
38
Median Age
37%
College-Educated
94%
High-School Grad
28.8 sq mi
ZIP Area
1,022
Density / Sq Mi
$92,191
Median Household Income
$52,188
Median Earnings
$1,948
Median Rent
$528,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit townhome property with private outdoor space, an attached garage, and additional driveway parking.
Where is this duplex located?
The property is located at 1418 Mamook Ct NE Olympia, WA.
What is the asking price?
The asking price for this property is $574,900.
What are key features of this property?
This property features: Duplex townhome configuration with 2,280 square feet; Built in 1983; Open living and dining arrangement with large windows
