Two-Unit Duplex with Covered
New
For Sale
$520,000
4307 Quail Run Loop SE #A&B, Olympia, WA 98502
Both residences are occupied and include private garages, in-unit laundry, and covered outdoor space.
Property Size2,101 SF
Price / SF$247.50
Days on Market6
Property Features for 4307 Quail Run Loop SE #A&B
General Information
Standard status
Active
Size
2,101 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/1.75BA
Multifamily Units
2
Parking per Unit
2
Additional Details
Utilities to Site
Yes
Tenant in Place
Yes
Amenities
in-unit washer and dryer
private covered patio
Building Details
Year Built
1981
Buildings
1
Listed By:
Realtrua
(425) 941-2091
Source:
Realtrua
Added: Nov 1
Last Checked: Nov 6 at 8:37AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two occupied residences, each with 2 bedrooms, 1¾ baths, and a 2-car garage. Both units have in-unit washers and dryers, private covered concrete patios accessed through sliding glass doors, and vaulted ceilings in the main living areas. Skylights brighten the kitchen and dining areas, while updated LVP flooring, kitchen pantries, and storage in the hallways and garages add practical interior features. All appliances are included.
Set within the Quail Run community, the property is surrounded by mature trees and natural vegetation. The HOA maintains the front areas and clears driveways. Water and septic service are shared. Shopping and services in Westside Olympia are nearby.
Built in 1981, the 2,101-square-foot property offers two occupied units, with the option to reside in one and rent the other.
Set within the Quail Run community, the property is surrounded by mature trees and natural vegetation. The HOA maintains the front areas and clears driveways. Water and septic service are shared. Shopping and services in Westside Olympia are nearby.
Built in 1981, the 2,101-square-foot property offers two occupied units, with the option to reside in one and rent the other.
Key Highlights
- Two units, each with 2 bedrooms, 1¾ baths, and a 2‑car garage
- Both units are currently occupied
- In‑unit washer and dryer in each residence
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 residences are occupied and include private garages, in-unit laundry, and covered outdoor space.
Where is this duplex located?
The property is located at 4307 Quail Run Loop SE #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: Two units, each with 2 bedrooms, 1¾ baths, and a 2‑car garage; Both units are currently occupied; In‑unit washer and dryer in each residence
