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32-Unit Townhome Community
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1619 Trosper Rd SW, Tumwater, WA 98512

Custom-built 32-unit townhome community with 3-bedroom, 2-bath homes across 14 buildings.

Property SizeContact for details
Days on Market121

Property Features for 1619 Trosper Rd SW

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Highway Access Yes
Multifamily Units 32

Building Details

Year Built 2007
Listing Agency: Kidder Mathews Tacoma
Listed By: Austin Kelley · License #WA
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 22 at 2:43AM

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 Kidder Mathews Tacoma

Investment Insights

Based on property information with market context.

Kensington is a custom-built 32-unit townhome community featuring 14 buildings with spacious 3-bedroom, 2-bath homes. The property was built between 2005 and 2007, and 53% of the units have been renovated to date. The community presents a clear path to continue the renovation program through additional unit upgrades.

Kensington is located minutes from downtown Olympia and Interstate 5, and the offering includes a nearly one-acre piece of adjacent land. The adjacent parcel offers flexibility for new ownership, including opportunities to develop additional units and/or add surface parking, with an onsite office also included in the offering.

As presented, Kensington combines established income-producing townhomes with an on-site redevelopment component through the adjacent land parcel.

Key Highlights

  • Custom‑built 32‑unit townhome community across 14 buildings
  • All units are 3‑bedroom, 2‑bath homes
  • Community built between 2005 and 2007

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Electrical Service Home Appliance Store Acupuncture Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

32
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

785
Businesses Nearby

Demographics for 98512, WA

31,422
Population
13,216
Households
2.4
Avg Household Size
41
Median Age
37%
College-Educated
95%
High-School Grad
138.7 sq mi
ZIP Area
227
Density / Sq Mi
$93,738
Median Household Income
$56,673
Median Earnings
$1,655
Median Rent
$438,800
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Custom-built 32-unit townhome community with 3-bedroom, 2-bath homes across 14 buildings.
Where is this apartment building located?
The property is located at 1619 Trosper Rd SW Tumwater, WA.
What are key features of this property?
This property features: Custom‑built 32‑unit townhome community across 14 buildings; All units are 3‑bedroom, 2‑bath homes; Community built between 2005 and 2007
(253) 722-1421 Call to check price and availability
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