Sold
Last Sold Price
1,600 sqft

7343 Fair Oaks Rd SE, Olympia, WA 98513

Multi FamilyProperty Type
0.68 acresLot Size
1978Year Built
$256/sq ftPrice per sq ft
4 carsParking Spaces

Description

Looking for a good multi-family investment with a country feel? Take a look at this well cared-for duplex on .68 acres situated across the street from Pattison Lake. Built in 1978, each side of this duplex offers 800 SF, 2 decent sized BR's, and 1 full BA. Newer double-pane windows, eat-in kitchen with sliders to a private patio, and laundry hook-ups inside. Aside from newer carpets, interiors are mostly original, but in good shape. There's a double carport on site, as well as plenty of room for...Looking for a good multi-family investment with a country feel? Take a look at this well cared-for duplex on .68 acres situated across the street from Pattison Lake. Built in 1978, each side of this duplex offers 800 SF, 2 decent sized BR's, and 1 full BA. Newer double-pane windows, eat-in kitchen with sliders to a private patio, and laundry hook-ups inside. Aside from newer carpets, interiors are mostly original, but in good shape. There's a double carport on site, as well as plenty of room for off-street parking. Thurston PUD community water, private septic, and shared well (with agreement in place) for outside usage. Great location; quiet, but not too far from town.
  • Listed by: Patrick Thier 360.352.3756 patrick@virgiladamsre.com • Virgil Adams Real Estate, Inc.
  • Listed by: Karen Thurston 360.352.3756 karen@virgiladamsre.com • Virgil Adams Real Estate, Inc.
Listing closed: 12/23/2021 12:00 AM • Source: NWMLS as distributed by MLS GRID, MLS#: 1846891
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Recent comparable sales

Median sold price

$514,000

Avg days on market

26

Sale-to-list ratio

97.2%

Olympia, WA

9 comparable properties found

$550,000 | 4720-4722 Carpenter Road Southeast, Olympia, WA 98513
1/20
1

$550,000

Sold 07/11/25

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

$450,000

Sold 03/31/26

Unavailable
Bedrooms
Unavailable
Bathrooms
1,768
Square Feet
0.47
Acres
a view of outdoor space and yard
1/34
3

$500,000

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
4

$514,000

Sold 07/29/25

Unavailable
Bedrooms
Unavailable
Bathrooms
1,536
Square Feet
0.38
Acres
a view of a house with a yard and potted plants
1/19
5

$460,000

Sold 12/13/24

Unavailable
Bedrooms
Unavailable
Bathrooms
1,920
Square Feet
0.43
Acres
6

$550,000

Sold 07/07/25

Unavailable
Bedrooms
2
Bathrooms
1,560
Square Feet
0.26
Acres
a front view of a house with garden
1/29
7

$560,000

Sold 10/21/25

Unavailable
Bedrooms
Unavailable
Bathrooms
1,572
Square Feet
0.15
Acres
8

$290,000

Sold 07/21/26

Unavailable
Bedrooms
Unavailable
Bathrooms
1,450
Square Feet
5.01
Acres
a front view of a house with a yard
1/2
9

$559,500

Sold 06/24/25

Unavailable
Bedrooms
Unavailable
Bathrooms
1,848
Square Feet
0.28
Acres

Location

Listing Courtesy of Virgil Adams Real Estate, Inc.

Sold By Blade Realty LLC

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Property Taxes

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Property Information for 7343 Fair Oaks Road Southeast

Property Details

  • Taxes: $2,950 / year
  • MLS Type: Residential Income
  • Community Name: Pattison Lake
  • School District: North Thurston
  • View: Territorial
  • Number of Assigned Spaces: 4
  • Total Covered Parking: 0
  • Entry Date: 09-30-2021
  • Energy Source: Electric
  • Sewer: Septic Tank

Building Information

  • Stories: 1
  • Residences: 2
  • Year Built: 1978
  • Lot Size: 0.68 AC / 29,725 SF

Summary

Location and General Information
  • Style: 52 - Duplex
  • Site Features: Cable TV, Outbuildings, Patio, RV Parking
  • Area: 452 - Thurston Se
  • Elementary School: Lakes Elem
  • Middle Or Junior School: Komachin Mid
  • High School: Timberline High
  • Effective Year Built Source: Public Records
  • Directions: From the intersection of College and Yelm Hwy, go east on Yelm Hwy to left on Fair Oaks Drive, to driveway on left near the end of the street.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2021
Parking
  • Number of Carport Spaces: 2.0
  • Carport: No
  • Parking Type: RV Parking
  • Open Parking Spaces: 2.0
  • Open Parking: Yes
  • Parking Features: RV Parking

Interior and Exterior Features

Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Laminate, Carpet
  • Features: Wall to Wall Carpet, Laminate
  • Amenities: Thermal Windows
  • Fireplace: No
  • Heating: Yes
  • FIRPTA: No
Exterior Features
  • Exterior: Wood, Wood Products
  • Roof: Composition

Property

Utilities
  • Water Source: Community, Shared Well
  • Water/Sewer/Garbage: 1200
  • Power Company: PSE
  • Sewer Company: NA
  • Water Company: Thurston PUD
  • Power Production Type: Electric
  • Utilities: Cable Connected, Septic System, Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: County
  • Foundation: Poured Concrete
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1991
  • Photos Count: 1
Lot Information
  • Lot Details: Dead End Street, Paved
  • Lot Size Source: Realist
  • Parcel Number Free Text: 47006100000
  • Building Condition: Good
  • Calculated Square Footage: 1600
  • Structure Type: Duplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 1600.0
  • 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: 0
  • Number Of Units Total: 2
  • Units Below Grade: false
  • Units In Building Total: 2
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 4650
  • Gross Adjusted Income: 26400
  • Gross Rent Multiplier: 16
  • Gross Scheduled Income: $26,400
  • Insurance Expense: $500
  • Net Operating Income: $21,750
  • Other Expenses: $0
  • Total Monthly Income: 2200
  • Fuel Expense: $0

Rental

Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 1600.0
  • Leasable Area Units: Square Feet

Property History for 7343 Fair Oaks Road Southeast

DateEvent & SourcePriceAppreciation
Dec 23, 2021

Sold (Public Record)

Public Record #1479555111

$410,000

+3.8% / yr

Dec 23, 2021

Sold

NWMLS #1846891

$410,000—
Oct 11, 2021

Pending

NWMLS #1846891

—
DateEvent & SourcePrice
12/23/2021

Sold (Public Record)

Public Record #1479555111

$410,000

+3.8% / yr

12/23/2021

Sold

NWMLS #1846891

$410,000
10/11/2021

Pending

NWMLS #1846891

—

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

Public records

7343 Fair Oaks Road Southeast

Baths

2

Total Finished SqFt

1,600 SqFt

Above Ground SqFt

1,600 SqFt

Stories

1

Lot Size

29,621 SqFt

Style

Multi-Family Dwelling (2-4)

Schools near 7343 Fair Oaks Road Southeast

This home is within North Thurston Public Schools.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Chambers Prairie Elementary School
PublicK 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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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 Virgil Adams Real Estate, Inc.

Based on information submitted to the MLS GRID as of 09/05/2024 05:43 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.