Sold
Last Sold Price
1,560 sqft

4720-4722 Carpenter Rd SE, Olympia, WA 98513

Multi FamilyProperty Type
0.26 acresLot Size
1977Year Built
$353/sq ftPrice per sq ft
4 carsParking Spaces

Description

Fantastic duplex ready for owner occupant or investor! One side has been thoroughly remodeled and is ready for occupancy. Fresh paint, new flooring, new cabinets/countertops, new tub/shower, mini-split and more. This duplex is the perfect kind of long term real estate investment, units are always rented, vacancy is low. The garages divide the units for noise privacy. Washer/dryer hookup are in the garages. Efficient floor plan w/ 2 bedrooms and 1 bath on each side. Vacant side proforma at $1750 per...Fantastic duplex ready for owner occupant or investor! One side has been thoroughly remodeled and is ready for occupancy. Fresh paint, new flooring, new cabinets/countertops, new tub/shower, mini-split and more. This duplex is the perfect kind of long term real estate investment, units are always rented, vacancy is low. The garages divide the units for noise privacy. Washer/dryer hookup are in the garages. Efficient floor plan w/ 2 bedrooms and 1 bath on each side. Vacant side proforma at $1750 per month, long term tenant in occupied side with room for rent increase over time. Good location for JBLM commuters, near bus line for easy transportation. A real gem!
  • Listed by: Phil Harlan 360.786.6900 philharlan@philharlan.com • Keller Williams South Sound
Listing closed: 07/11/2025 12:00 AM • Source: NWMLS as distributed by MLS GRID, MLS#: 2371064
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Recent comparable sales

Median sold price

$550,000

Avg days on market

23

Sale-to-list ratio

97.9%

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 view of outdoor space and yard
1/34
2

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Sold 07/01/25

Unavailable
Bedrooms
Unavailable
Bathrooms
1,560
Square Feet
0.25
Acres
$514,000 | 3305 Windolph Lane Northwest, Olympia, WA 98502
1/37
3

$514,000

Sold 07/29/25

Unavailable
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Unavailable
Bathrooms
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Square Feet
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Sold 07/07/25

Unavailable
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2
Bathrooms
1,560
Square Feet
0.26
Acres
a view of a house with yard and sitting area
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Sold 03/31/26

Unavailable
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Square Feet
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Acres
$590,000 | 5615 Boston Harbor Road Northeast, Unit A&B, Olympia, WA 98506
1/25
6

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Sold 07/25/25

Unavailable
Bedrooms
Unavailable
Bathrooms
1,832
Square Feet
0.29
Acres
a front view of a house with a yard
1/2
7

$559,500

Sold 06/24/25

Unavailable
Bedrooms
Unavailable
Bathrooms
1,848
Square Feet
0.28
Acres
a view of a house with a yard and potted plants
1/19
8

$460,000

Sold 12/13/24

Unavailable
Bedrooms
Unavailable
Bathrooms
1,920
Square Feet
0.43
Acres
a front view of a house with a yard and garage
1/39
9

$599,900

Sold 06/26/25

Unavailable
Bedrooms
Unavailable
Bathrooms
1,980
Square Feet
1.00
Acres

Location

Listing Courtesy of Keller Williams South Sound

Sold By Real Broker LLC

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Principal and Interest

$2,936

Property Taxes

$389

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Property Information for 4720-4722 Carpenter Road Southeast

Property Details

  • Taxes: $4,667 / year
  • MLS Type: Residential Income
  • Community Name: Pattison Lake
  • School District: North Thurston
  • View: Territorial
  • Number of Assigned Spaces: 4
  • Total Covered Parking: 2
  • Entry Date: 05-06-2025
  • Energy Source: Electric
  • Sewer: Septic Tank

Building Information

  • Stories: 1
  • Residences: 2
  • Year Built: 1977
  • Lot Size: 0.26 AC / 11,325 SF

Summary

Location and General Information
  • Style: 52 - Duplex
  • Site Features: Cable TV, Fenced-Partially, High Speed Internet
  • Area: 450 - Lacey
  • Elementary School: Woodland Elem
  • Middle Or Junior School: Nisqually Mid
  • High School: Timberline High
  • Effective Year Built Source: Public Records
  • Directions: From Ruddell Road, East on Mullen to Right on Carpenter to duplex on left.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 2.0
  • 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
  • Bedrooms Possible: 4
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Vinyl, Vinyl Plank, Carpet
  • Amenities: Thermal Windows
  • Cooling: Yes
  • Cooling: Ductless
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard, Ductless
  • FIRPTA: No
Exterior Features
  • Exterior: Wood
  • Roof: Composition
  • Security Features: Partially Fenced

Property

Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 600
  • Power Company: PSE
  • Sewer Company: on site septic
  • Water Company: City of Lacey
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: County
  • Foundation: Poured Concrete
  • Zoning Remarks: Residential
  • First Right Of Refusal: false
  • Possible Use: Residential
  • MLS Square Footage Source: Public Records
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1991
  • Photos Count: 19
Lot Information
  • Lot Details: Corner Lot, Curbs, Dead End Street, Paved, Sidewalk
  • Lot Size Dimensions: 136x86
  • Lot Number: 1
  • Lot Size Source: Public Records
  • Parcel Number Free Text: 11835230401
  • Building Condition: Good
  • Calculated Square Footage: 1560
  • Structure Type: Duplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 1560.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
  • Green Energy Efficient: Thermal Windows

Multi Family

Building Details
  • Number of Uncovered Spaces: 2
  • Number of Stories in Building: 1
  • Vacancy Rate: 2
  • Number Of Units Total: 2
  • Units Below Grade: false
  • Units In Building Total: 2
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 7546
  • Gross Adjusted Income: 696
  • Gross Rent Multiplier: 15.8
  • Gross Scheduled Income: $34,800
  • Insurance Expense: $1,583
  • Net Operating Income: $34,104
  • Other Expenses: $696
  • Total Monthly Income: 34800
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 4720
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 780
  • Rent Unit 1: $1,150.00
Unit 2
  • Name Unit 2: 4722
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 780
  • Rent Unit 2: $1,750.00

Rental

Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 1560.0
  • Leasable Area Units: Square Feet

Property History for 4720-4722 Carpenter Road Southeast

DateEvent & SourcePriceAppreciation
Jul 11, 2025

Sold

NWMLS #2371064

$550,000—
Jun 6, 2025

Pending

NWMLS #2371064

—
May 6, 2025

Listed (Active)

NWMLS #2371064

$550,000—
DateEvent & SourcePrice
07/11/2025

Sold

NWMLS #2371064

$550,000
06/06/2025

Pending

NWMLS #2371064

—
05/06/2025

Listed (Active)

NWMLS #2371064

$550,000

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

Schools near 4720-4722 Carpenter Road Southeast

This home is within North Thurston Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Woodland Elementary School
PublicPK to 5

Komachin Middle School
Public6 to 8

Timberline High School
Public9 to 12

Aspire Middle School
Public6 to 8

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

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 4720-4722 Carpenter Road Southeast, Olympia, WA 98513
$550,000
–
–
1,560
11,325
$550,000
–
2
1,560
11,326
$400,000
–
2
1,949
23,087
$262,000
–
2
1,560
12,632
$150,000
–
–
1,560
12,632
$313,000
3
1,280
12,197

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 Keller Williams South Sound

Based on information submitted to the MLS GRID as of 08/11/2025 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.