Last Sold Price
2,352 sqft$97/sqft
8923 Armstrong Rd SW, Olympia, WA 98512

Description

Great investment opportunity to own this duplex with a solid 6% CAP with room for growth. Keep both long-standing tenants or live in one unit and rent the other. Each unit has an open floor plan with good sized kitchens with refrigerators, washers and dryers. Upstairs unit has 3 BR, 1 BA, 1068 sf and a single-car garage. Downstairs unit has 2 BR, 1.75 BA, 1400 sf. and carport. Huge lot to garden, build your dream shop or just stretch out. Close to shopping, I-5 and Tumwater Schools.Great investment opportunity to own this duplex with a solid 6% CAP with room for growth. Keep both long-standing tenants or live in one unit and rent the other. Each unit has an open floor plan with good sized kitchens with refrigerators, washers and dryers. Upstairs unit has 3 BR, 1 BA, 1068 sf and a single-car garage. Downstairs unit has 2 BR, 1.75 BA, 1400 sf. and carport. Huge lot to garden, build your dream shop or just stretch out. Close to shopping, I-5 and Tumwater Schools.
LISTING CLOSED: 08/21/2014 12:00 AM

  1. Listed by Matthew Plummer • MVP Realty Group
    P: (360) 915-9123 Matthew@MVPRealtyGroup.com

Property Details for 8923 Armstrong Road Southwest

Status
MLS #
636645
Days on Market
29
Cumulative Days on Market
29
Taxes
$2,297 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income
Year Built
1950
Lot Size
1.27 AC / 55,321 SF
Community Name
Olympia
School District
Tumwater
Number of Assigned Spaces
5
Total Covered Parking
1
Entry Date
05-29-2014
Sewer
Septic Tank

Recent comparable sales

Median sold price

$460,000

Avg days on market

34

Sale-to-list ratio

94.8%

Olympia, WA

9 comparable properties found

a view of a house with yard and sitting area
1/2
1

$450,000

Sold 03/31/26

Unavailable
Bedrooms
Unavailable
Bathrooms
1,768
Square Feet
0.47
Acres
a view of a house with a yard and potted plants
1/19
2

$460,000

Sold 12/13/24

Unavailable
Bedrooms
Unavailable
Bathrooms
1,920
Square Feet
0.43
Acres
a picture of a room with a floor
1/2
3

$190,000

Sold 01/15/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
2.53
Acres
$175,000 | 3001 104th Avenue Southwest, Olympia, WA 98512
1/11
4

$175,000

Sold 05/26/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
5.05
Acres
a front view of a house with a garden and plants
1/23
5

$370,000

Sold 01/03/25

Unavailable
Bedrooms
Unavailable
Bathrooms
2,562
Square Feet
0.14
Acres
an aerial view of multiple house
1/22
6

$600,000

Sold 10/18/24

Unavailable
Bedrooms
Unavailable
Bathrooms
2,231
Square Feet
0.14
Acres
a front view of a house with a yard and a garage
1/36
7

$790,000

Sold 08/22/25

Unavailable
Bedrooms
Unavailable
Bathrooms
2,180
Square Feet
0.85
Acres
an aerial view of a house
1/35
8

$523,500

Sold 07/29/25

Unavailable
Bedrooms
Unavailable
Bathrooms
2,064
Square Feet
0.45
Acres
a bathroom with a shower
1/3
9

$940,000

Sold 05/30/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
16.04
Acres

Location

Listing Courtesy of MVP Realty Group

Sold By ZipRealty Inc.

Add your commute

Building Information for 8923 Armstrong Road Southwest

Stories2Residences2Year Built1950Building Size-Lot Size1.27 AC / 55,321 SF

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$1,353 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,162

Property Taxes

$191

HOA Dues

$0

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Property Information for 8923 Armstrong Road Southwest

Summary
Location and General Information
  • Style: 52 - Duplex
  • Site Features: Deck, Patio
  • Area: 443 - Tumwater
  • Elementary School: East Olympia Elem
  • Middle Or Junior School: George Wash Bush Mid
  • High School: Tumwater High
  • Directions: Take Exit 101 Tumwater Blvd and head East, turn right on Center St SW, left on 83rd Ave SW, continue onto Armstrong Rd SW.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2014
Parking
  • Number of Carport Spaces: 2.0
  • Carport: No
  • Open Parking Spaces: 2.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Ceramic Tile, Carpet
  • Features: Forced Air, Ceramic Tile, Wall to Wall Carpet
  • Fireplace: No
Exterior Features
  • Exterior: Wood
  • Roof: Composition
Property
Utilities
  • Water Source: Community
  • Water/Sewer/Garbage: 0
  • Power Company: PSE
  • Sewer Company: Septic
  • Water Company: Community Well
  • Power Production Type: Electric
  • Utilities: Septic System, Electric
Property and Assessments
  • New Construction YN: No
  • Foundation: Block
  • Preliminary Title Ordered: Yes
  • Special Listing Conditions: None
  • Photos Count: 21
Lot Information
  • Parcel Number Free Text: 12715420105
  • Calculated Square Footage: 2352
  • Structure Type: Duplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 2352.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 2
  • Number of Stories in Building: 2
  • Vacancy Rate: 0
  • Number Of Units Total: 2
  • Units Below Grade: true
  • Units In Building Total: 2
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 3097
  • Gross Adjusted Income: 17400
  • Gross Rent Multiplier: 14
  • Gross Scheduled Income: $17,400
  • Insurance Expense: $800
  • Net Operating Income: $14,303
  • Other Expenses: $0
  • Total Monthly Income: 1450
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 2352.0
  • Leasable Area Units: Square Feet

Property History for 8923 Armstrong Road Southwest

DateEvent & SourcePriceAppreciation
Aug 21, 2014

Sold

NWMLS #636645

$228,600
Aug 18, 2014

Sold (Public Record)

Public Record #432595973

$228,600
Jun 27, 2014

Pending

NWMLS #636645

DateEvent & SourcePrice
08/21/2014

Sold

NWMLS #636645

$228,600
08/18/2014

Sold (Public Record)

Public Record #432595973

$228,600
06/27/2014

Pending

NWMLS #636645

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

Public Records for 8923 Armstrong Road Southwest

Taxable ValueLand$260,000Additions$250,900Total$510,900
Tax Record2026$166 ($14 / month)
Home Facts
Baths2Total Finished SqFt3,204 SqFtAbove Ground SqFt2,136 SqFtFinished Basement SqFt1,068 SqFtStories1Lot Size55,321 SqFtStyleMulti-Family Dwelling (2-4)Year Built1950Year Renovated1986CountyTHURSTONAPN1271-54-20105Fireplace TypeHas Fireplace

Schools near 8923 Armstrong Road Southwest

This home is within Tumwater School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 10 to 12
Rating
School
Distance
East Olympia Elementary School
PublicPK to 5

George Washington Bush Middle School
Public6 to 8

Tumwater High School
Public9 to 12

New Market High School
Public10 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 MVP Realty Group

Based on information submitted to the MLS GRID as of 09/05/2024 05:26 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.