1819 Karen Frazier Road SE · Olympia, WA 98501
Source: NWMLS · Blue Summit Realty LLC · Brian J Dermanoski #NWM2528879
About this home
Like new investment opportunity in the heart of Olympia. This duplex style home features a 3 bedroom, 2.5 bath main home with an attached 2 bedroom, 1 bath ADU. Both homes features solid surface flooring throughout, granite counters throughout, stainless appliances, high efficiency mini split heat pump systems with air conditioning, and energy efficient insulation and lighting packages. Built in 2022 and exceptionally maintained. Long term leases in place and a great cap rate with room for continued growth. Exterior features custom accents and fenced rear yards. Close to all amenities and freeway access, with top rated Olympia schools nearby.
Location
Basics
- Property type
- Multi Family
- Style
- Duplex
- Stories
- 2 stories
- Condition
- Very Good
- Year built
- 2022
- Building area
- 2,207 sq ft
- Lot size
- 5,150 sq ft (0.12 acres)
- County
- Thurston
- MLS #
- NWM2528879
Interior
- Heating
- 90%+ High Efficiency, Ductless, Wall Furnace
- Cooling
- 90%+ High Efficiency, Ductless
- Flooring
- Vinyl Plank
Exterior & lot
- Exterior features
- Cement/Concrete, Wood, Wood Products
- Roof
- Composition
- Foundation
- Poured Concrete
- Lot features
- Curbs, Paved, Sidewalk
- Waterfront
- No
Parking
- Parking spaces
- 4
- Garage
- 2
- Covered spaces
- 2
Utilities
- Sewer
- Sewer Connected
- Power
- Electric
Community & fees
- Subdivision
- Olympia
- Property tax
- $7,803 (2026)
Transaction
- Original list price
- $699,950 (3.6% price cut)
- Listed on
- May 23, 2026
- Days on market
- 120
- Listing terms
- Cash, Conventional, VA Loan
- Possession
- Closing, See Remarks
More homes nearby
Schools
School district: Olympia
- High
- Olympia High SchoolSchoolDigger 5 stars · Top 7% in WA
Listing provided courtesy of: Blue Summit Realty LLC
Listing agent: Brian J Dermanoski.
Based on information submitted to the MLS GRID as of —. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Data last updated 2026-09-18.