Last Sold Price
7,068 sqft$108/sqft
4501 Wiggins Rd SE, Olympia, WA 98501

Description

Investor Alert! 10% cap rate! These recently updated properties are a must see cash flowing machine. Live in the main 1 1/2 story home and keep the 3 mobiles rented. With over 7,000 sq ft of rentable living space and 1.7 acres zoned R4-8 this investment property will not last long. Recent updates in some of the units include fresh interior paint, laminate & vinyl flooring, carpet & much more. Located in the highly sought after Olympia school district.Investor Alert! 10% cap rate! These recently updated properties are a must see cash flowing machine. Live in the main 1 1/2 story home and keep the 3 mobiles rented. With over 7,000 sq ft of rentable living space and 1.7 acres zoned R4-8 this investment property will not last long. Recent updates in some of the units include fresh interior paint, laminate & vinyl flooring, carpet & much more. Located in the highly sought after Olympia school district.
LISTING CLOSED: 09/28/2022 12:00 AM

  1. Listed by Bing Yu • Kelly Right RE of Seattle LLC
    P: (206) 525-5235 faithyu358@gmail.com
  2. Listed by Ka Ming Wong • Kelly Right RE of Seattle LLC
    P: (206) 525-5235 kaming1221@hotmail.com

Property Details for 4501 Wiggins Road Southeast

Status
MLS #
1923522
Days on Market
119
Cumulative Days on Market
119
Taxes
$6,240 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income
Year Built
1924
Lot Size
1.71 AC / 74,488 SF
Community Name
Olympia
School District
Olympia
View
Territorial
Number of Assigned Spaces
2
Total Covered Parking
2
Entry Date
04-28-2022
Energy Source
Electric,Natural Gas
Sewer
Septic Tank

Recent comparable sales

Median sold price

$560,000

Avg days on market

39

Sale-to-list ratio

96.8%

Olympia, WA

9 comparable properties found

a front view of a house with garden
1/29
1

$560,000

Sold 10/21/25

Unavailable
Bedrooms
Unavailable
Bathrooms
1,572
Square Feet
0.15
Acres
a front view of a house with a yard and a garage
1/36
2

$790,000

Sold 08/22/25

Unavailable
Bedrooms
Unavailable
Bathrooms
2,180
Square Feet
0.85
Acres
an aerial view of multiple house
1/22
3

$600,000

Sold 10/18/24

Unavailable
Bedrooms
Unavailable
Bathrooms
2,231
Square Feet
0.14
Acres
$550,000 | 4720-4722 Carpenter Road Southeast, Olympia, WA 98513
1/20
4

$550,000

Sold 07/11/25

Unavailable
Bedrooms
Unavailable
Bathrooms
1,560
Square Feet
0.26
Acres
a front view of a house with a yard
1/2
5

$559,500

Sold 06/24/25

Unavailable
Bedrooms
Unavailable
Bathrooms
1,848
Square Feet
0.28
Acres
a front view of a house with a yard and garage
1/32
6

$575,000

Sold 10/09/24

Unavailable
Bedrooms
Unavailable
Bathrooms
1,546
Square Feet
0.34
Acres
an aerial view of a house
1/35
7

$523,500

Sold 07/29/25

Unavailable
Bedrooms
Unavailable
Bathrooms
2,064
Square Feet
0.45
Acres
a view of outdoor space and yard
1/34
8

$500,000

Sold 07/01/25

Unavailable
Bedrooms
Unavailable
Bathrooms
1,560
Square Feet
0.25
Acres
9

$885,000

Sold 03/25/26

Unavailable
Bedrooms
Unavailable
Bathrooms
5,760
Square Feet
Unavailable
Acres

Location

Listing Courtesy of Kelly Right RE of Seattle LLC

Sold By Realty One Group Bold

Add your commute

Building Information for 4501 Wiggins Road Southeast

Stories2Residences4Year Built1924Building Size-Lot Size1.71 AC / 74,488 SF

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OriginPoint Mortgage or Rocket Mortgage1

$4,383 per month

30 year fixed, 6.55% Interest

Principal and Interest

$3,863

Property Taxes

$520

HOA Dues

$0

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Property Information for 4501 Wiggins Road Southeast

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Site Features: Electric Car Charging, Fenced-Partially, Gas Available, Outbuildings, RV Parking
  • Area: 448 - Olympia South
  • Elementary School: Centennial Elem
  • Middle Or Junior School: Wash Mid
  • High School: Olympia High
  • Effective Year Built Source: Public Records
  • Directions: Head south on College St SE, Turn right onto Yelm Hwy SE, Turn right onto Wiggins Rd SE, Property on left side 0.6 miles.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2022
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Parking Type: RV Parking
  • Open Parking Spaces: 10.0
  • Open Parking: Yes
  • Parking Features: RV Parking
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Hardwood, Laminate, Vinyl, Carpet
  • Features: Forced Air, Heat Pump, Central A/C, Hardwood, Wall to Wall Carpet, Laminate
  • Cooling: Yes
  • Fireplace: No
  • Heating: Yes
  • FIRPTA: No
Exterior Features
  • Exterior: Metal/Vinyl, Wood Products
  • Roof: Composition
  • Security Features: FullyFenced
Property
Utilities
  • Water Source: Individual Well
  • Water/Sewer/Garbage: 0
  • Power Company: PSE
  • Sewer Company: Septic
  • Water Company: Well
  • Power Production Type: Electric, Natural Gas
  • Utilities: Natural Gas Available, Septic System, Electric, Natural Gas Connected, Individual Well
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: See Remarks
  • First Right Of Refusal: false
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1980
  • Photos Count: 38
Lot Information
  • Lot Details: Corner Lot, Open Space
  • Lot Size Source: Realist
  • Parcel Number Free Text: 11831140000
  • Building Condition: Average
  • Calculated Square Footage: 7068
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 7068.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Common Interest: Multi-Family
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 10
  • Number of Stories in Building: 2
  • Vacancy Rate: 2
  • Number Of Units Total: 4
  • Units Below Grade: false
  • Units In Building Total: 4
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 8240
  • Gross Adjusted Income: 0
  • Gross Rent Multiplier: 89560
  • Gross Scheduled Income: $0
  • Insurance Expense: $2,000
  • Net Operating Income: $89,560
  • Other Expenses: $0
  • Total Monthly Income: 8150
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Vacant
  • Leasable Area: 7068.0
  • Leasable Area Units: Square Feet

Property History for 4501 Wiggins Road Southeast

DateEvent & SourcePriceAppreciation
Sep 28, 2022

Sold

NWMLS #1923522

$760,000
Aug 25, 2022

Pending

NWMLS #1923522

Jul 9, 2022

Price Change

NWMLS #1923522

$939,000
DateEvent & SourcePrice
09/28/2022

Sold

NWMLS #1923522

$760,000
08/25/2022

Pending

NWMLS #1923522

07/09/2022

Price Change

NWMLS #1923522

$939,000

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

Public Records for 4501 Wiggins Road Southeast

Taxable ValueLand$203,300Additions$510,300Total$713,600
Tax Record2024$7,522 ($627 / month)
Home Facts
Beds3Baths2.5Total Finished SqFt5,870 SqFtAbove Ground SqFt5,870 SqFtStories1Lot Size74,488 SqFtStyleSingle Family ResidenceYear Built1975Year Renovated1980ZoningR-4-8CountyTHURSTONAPN11831140000

Schools near 4501 Wiggins Road Southeast

This home is within Olympia School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Centennial Elementary School
PublicPK to 5

Washington Middle School
Public6 to 8

Avanti High School
Public9 to 12

Olympia 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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Nearby home values

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 Kelly Right RE of Seattle LLC

Based on information submitted to the MLS GRID as of 09/05/2024 05:45 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.