18304 Nutmeg St SW

Beds
Baths
22,082 Sq. Ft.
$178 / Sq. Ft.
22,082
Sq. Ft.
$178
per Sq. Ft.

Description

20 unit duplex community for sale in Thurston County. Exceptional investment opportunity with this well-maintained 5.59 acre property of 10 duplexes, each unit featuring 2 bds, 1 ba, and a one-car garage. Features newer roofs, a shared well, and central shared park space. Units are designed for comfort and low maintenance. Just minutes to Centralia and only 20 minutes from Tumwater, this property boasts easy access to I-5 for seamless commuting. Long-term tenants love the location, sense of community,...20 unit duplex community for sale in Thurston County. Exceptional investment opportunity with this well-maintained 5.59 acre property of 10 duplexes, each unit featuring 2 bds, 1 ba, and a one-car garage. Features newer roofs, a shared well, and central shared park space. Units are designed for comfort and low maintenance. Just minutes to Centralia and only 20 minutes from Tumwater, this property boasts easy access to I-5 for seamless commuting. Long-term tenants love the location, sense of community, and the generous space, ensuring consistent occupancy and reliable cash flow. Priced to deliver a strong 7% cap rate, this turnkey investment is a rare find. Opportunity knocks—secure this high-performing, income-generating property.
  1. Listed by Joshua Abbey • Abbey Realty Inc
    P: (360)-459-0428 joshabbey@gmail.com

Property Details for 18304 Nutmeg Street Southwest

Community Name
Rochester
School District
Rochester
View
Territorial
Number of Assigned Spaces
40
Total Covered Parking
20
Entry Date
06-17-2025
Energy Source
Electric
Sewer
Septic Tank
LISTING CLOSED: 11/12/2025 12:00 AM

Property Details for 18304 Nutmeg Street Southwest

StatusSold
MLS #2394255
Days on Market35
Cumulative Days on Market35
Taxes$30,204 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1978
Lot Size5.59 AC / 243,500 SF
CountyThurston County

Location

Listing Courtesy of Abbey Realty Inc

Sold By The Foundation Group LLC

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Building Information for 18304 Nutmeg Street Southwest

Stories1Residences20Year Built1978Building Size-Lot Size5.59 AC / 243,500 SF

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$22,076 per month

30 year fixed, 6.36% Interest

Principal and Interest

$19,559

Property Taxes

$2,517

HOA Dues

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Property Information for 18304 Nutmeg Street Southwest

Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Site Features: Cable TV, Fenced-Partially, Outbuildings
  • Area: 454 - Thurston South
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Rochester Mid
  • High School: Rochester High
  • Directions: I-5 Exit 88, East on Old Hwy 99 (Tenino Grand Mound Rd), Left on Nutmeg, Right on 183rd Ave, 1st right into complex.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2024
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 20.0
  • Open Parking: Yes
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Vinyl, Vinyl Plank, Carpet
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard
Exterior Features
  • Exterior: Wood
  • Roof: Composition
  • Security Features: Partially Fenced
Property
Utilities
  • Water/Sewer/Garbage: 18877
  • Sewer Company: Septic
  • Water Company: Well
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • First Right Of Refusal: false
  • MLS Square Footage Source: Realist
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 16
Lot Information
  • Lot Details: Secluded
  • Lot Size Source: Realist
  • Parcel Number Free Text: 31411900100
  • Calculated Square Footage: 22082
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 22082.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 20
  • Number of Stories in Building: 1
  • Vacancy Rate: 2
  • Number Of Units Total: 20
  • Units Below Grade: false
  • Units In Building Total: 20
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 60777
  • Gross Adjusted Income: 361914
  • Gross Rent Multiplier: 11.64
  • Gross Scheduled Income: $369,300
  • Insurance Expense: $11,696
  • Net Operating Income: $301,137
  • Other Expenses: $0
  • Total Monthly Income: 30775
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 1
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 1100
  • Rent Unit 1: $1,500.00
Unit 2
  • Name Unit 2: 2
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 1100
  • Rent Unit 2: $1,600.00
Unit 3
  • Name Unit 3: 3
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: true
  • Square Feet Unit 3: 1100
  • Rent Unit 3: $1,450.00
Unit 4
  • Name Unit 4: 4
  • Washer/Dryer Unit 4: false
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: true
  • Square Feet Unit 4: 1100
  • Rent Unit 4: $1,475.00
Unit 5
  • Name Unit 5: 5
  • Washer/Dryer Unit 5: false
  • Range/Oven Unit 5: true
  • Refrigerator Unit 5: true
  • Dishwasher Unit 5: true
  • Square Feet Unit 5: 1100
  • Rent Unit 5: $1,450.00
Unit 6
  • Name Unit 6: 6
  • Washer/Dryer Unit 6: false
  • Range/Oven Unit 6: true
  • Refrigerator Unit 6: true
  • Dishwasher Unit 6: true
  • Square Feet Unit 6: 1100
  • Rent Unit 6: $1,650.00
Unit 7
  • Name Unit 7: 7
  • Washer/Dryer Unit 7: false
  • Range/Oven Unit 7: true
  • Refrigerator Unit 7: true
  • Dishwasher Unit 7: true
  • Square Feet Unit 7: 1100
  • Rent Unit 7: $1,650.00
Unit 8
  • Name Unit 8: 8
  • Washer/Dryer Unit 8: false
  • Range/Oven Unit 8: true
  • Refrigerator Unit 8: true
  • Dishwasher Unit 8: true
  • Square Feet Unit 8: 1100
  • Rent Unit 8: $1,550.00
Unit 9
  • Name Unit 9: 9
  • Washer/Dryer Unit 9: false
  • Range/Oven Unit 9: true
  • Refrigerator Unit 9: true
  • Dishwasher Unit 9: true
  • Square Feet Unit 9: 1100
  • Rent Unit 9: $1,550.00
Unit 10
  • Name Unit 10: 10
  • Washer/Dryer Unit 10: false
  • Range/Oven Unit 10: true
  • Refrigerator Unit 10: true
  • Dishwasher Unit 10: true
  • Square Feet Unit 10: 1100
  • Rent Unit 10: $1,600.00
Unit 11
  • Name Unit 11: 11
  • Washer/Dryer Unit 11: false
  • Range/Oven Unit 11: true
  • Refrigerator Unit 11: true
  • Dishwasher Unit 11: true
  • Square Feet Unit 11: 1100
  • Rent Unit 11: $1,450.00
Unit 12
  • Name Unit 12: 12
  • Washer/Dryer Unit 12: false
  • Range/Oven Unit 12: true
  • Refrigerator Unit 12: true
  • Dishwasher Unit 12: true
  • Square Feet Unit 12: 1100
  • Rent Unit 12: $1,550.00
Unit 13
  • Name Unit 13: 13
  • Washer/Dryer Unit 13: false
  • Range/Oven Unit 13: true
  • Refrigerator Unit 13: true
  • Dishwasher Unit 13: true
  • Square Feet Unit 13: 1100
  • Rent Unit 13: $1,500.00
Unit 14
  • Name Unit 14: 14
  • Washer/Dryer Unit 14: false
  • Range/Oven Unit 14: true
  • Refrigerator Unit 14: true
  • Dishwasher Unit 14: true
  • Square Feet Unit 14: 1100
  • Rent Unit 14: $1,450.00
Unit 15
  • Name Unit 15: 15
  • Washer/Dryer Unit 15: false
  • Range/Oven Unit 15: true
  • Refrigerator Unit 15: true
  • Dishwasher Unit 15: true
  • Square Feet Unit 15: 1100
  • Rent Unit 15: $1,500.00
Unit 16
  • Name Unit 16: 16
  • Washer/Dryer Unit 16: false
  • Range/Oven Unit 16: true
  • Refrigerator Unit 16: true
  • Dishwasher Unit 16: true
  • Square Feet Unit 16: 1100
  • Rent Unit 16: $1,500.00
Unit 17
  • Name Unit 17: 17
  • Washer/Dryer Unit 17: false
  • Range/Oven Unit 17: true
  • Refrigerator Unit 17: true
  • Dishwasher Unit 17: true
  • Square Feet Unit 17: 1100
  • Rent Unit 17: $1,700.00
Unit 18
  • Name Unit 18: 18
  • Washer/Dryer Unit 18: false
  • Range/Oven Unit 18: true
  • Refrigerator Unit 18: true
  • Dishwasher Unit 18: true
  • Square Feet Unit 18: 1100
  • Rent Unit 18: $1,450.00
Unit 19
  • Name Unit 19: 19
  • Washer/Dryer Unit 19: false
  • Range/Oven Unit 19: true
  • Refrigerator Unit 19: true
  • Dishwasher Unit 19: true
  • Square Feet Unit 19: 1100
  • Rent Unit 19: $1,600.00
Unit 20
  • Name Unit 20: 20
  • Washer/Dryer Unit 20: false
  • Range/Oven Unit 20: true
  • Refrigerator Unit 20: true
  • Dishwasher Unit 20: true
  • Square Feet Unit 20: 1100
  • Rent Unit 20: $1,600.00
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 22080.0

Property History for 18304 Nutmeg Street Southwest

DateEvent & SourcePriceAppreciation
Nov 12, 2025

Sold

NWMLS #2394255

$3,925,000
Nov 5, 2025

Sold (Public Record)

Public Record #1919146223

$3,925,000
Jul 22, 2025

Pending

NWMLS #2394255

DateEvent & SourcePrice
11/12/2025

Sold

NWMLS #2394255

$3,925,000
11/05/2025

Sold (Public Record)

Public Record #1919146223

$3,925,000
07/22/2025

Pending

NWMLS #2394255

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 18304 Nutmeg Street Southwest

Taxable ValueLand$700,000Additions$2,820,500Total$3,520,500
Tax Record2026$1,154 ($96 / month)
Home Facts
Baths20Total Finished SqFt2,208 SqFtAbove Ground SqFt2,208 SqFtStories1Lot Size243,500 SqFtStyleMulti-Family Dwelling (2-4)Year Built1978Year Renovated1991CountyTHURSTONAPN3141-19-00100Fireplace TypeHas Fireplace

Schools near 18304 Nutmeg Street Southwest

This home is within Rochester School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Rochester Primary School
PublicPK to 2

Grand Mound Elementary School
Public3 to 5

Rochester Middle School
Public6 to 8

H.E.A.R.T. High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Abbey Realty Inc

Based on information submitted to the MLS GRID as of 12/13/2025 04:04 AM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is 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. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.