Duplex with Covered
New
For Sale
$520,000
4305 Quail Run Loop NW #A&B, Olympia, WA 98502
Both occupied residences have garages, in-unit laundry, and covered outdoor areas.
Property Size2,101 SF
Price / SF$247.50
Days on Market6
Property Features for 4305 Quail Run Loop NW #A&B
General Information
Standard status
Active
Size
2,101 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/1¾BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
in-unit washer and dryer
private covered concrete patio
vaulted ceilings
skylights
updated LVP flooring
ample hallway & garage storage
kitchen pantries
all appliances included
Building Details
Year Built
1981
Listed By:
Realtrua
(425) 941-2091
Source:
Realtrua
Added: Nov 1
Last Checked: Nov 6 at 8:31AM
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 Realtrua
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Investment Insights
Based on property information with market context.
This 2,101 SF duplex, built in 1981, contains two occupied residences, each with two bedrooms, 1¾ baths, a two-car garage, and an in-unit washer and dryer. Both units have covered concrete patios with sliding glass doors. Vaulted ceilings, kitchen and dining skylights, updated LVP flooring, pantries, and included appliances round out the interiors. Hallway and garage storage are also provided.
The property is in the Quail Run community, near shopping and services in Westside Olympia. The HOA maintains the front areas and clears driveways. Water and septic systems are shared by the community.
The property is in the Quail Run community, near shopping and services in Westside Olympia. The HOA maintains the front areas and clears driveways. Water and septic systems are shared by the community.
Key Highlights
- 2,101 SF duplex built in 1981
- Two occupied units, each with 2 bedrooms and 1¾ baths
- Each unit has a 2‑car garage and in‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,577
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$571,540
$571.5K
Cap Rate 7%
$408,243
$408.2K
Cap Rate 9%
$317,522
$317.5K
Market Conditions
NOI Build-Up for 2,101 SF
Gross rent
$42.9K $20.40/SF
− Vacancy
−$2.0K −$0.97/SF
EGI
$40.8K $19.43/SF
− OpEx
−$12.2K −$5.83/SF
NOI
$28.6K $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%
$571,540
Cap Rate 7%
$408,243
Cap Rate 9%
$317,522
Alternative Uses
Best Use
Multifamily LT 5
$408.2K
$357.2K – $476.3K
NOI $28,577 @ 7.0% cap · market cap 5.50%
Second Best
Apartment 5plus
$376.4K
$329.3K – $439.1K
NOI $26,347 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$615.2K
$538.3K – $717.7K
NOI $43,062 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Explore this area
Business Placement
Demographics for 98502, WA
35,698
Population
15,550
Households
2.3
Avg Household Size
41
Median Age
52%
College-Educated
97%
High-School Grad
63.4 sq mi
ZIP Area
563
Density / Sq Mi
$87,154
Median Household Income
$46,404
Median Earnings
$1,569
Median Rent
$496,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both occupied residences have garages, in-unit laundry, and covered outdoor areas.
Where is this duplex located?
The property is located at 4305 Quail Run Loop NW #A&B Olympia, WA.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: 2,101 SF duplex built in 1981; Two occupied units, each with 2 bedrooms and 1¾ baths; Each unit has a 2‑car garage and in‑unit washer and dryer
