1815 Karen Frazier Road SE, Olympia, WA, 98501
About This Home
Like new investment opportunity in the heart of Olympia. This duplex style home features a 3 bedroom, 2.5 bath main home with an attached 2 bedroom, 1 bath ADU. Both homes features solid surface flooring throughout, granite counters throughout, stainless appliances, high efficiency mini split heat pump systems with air conditioning, and energy efficient insulation and lighting packages. Built in 2022 and exceptionally maintained. Long term leases in place and a great cap rate with room for continued growth. Exterior features custom accents and fenced rear yards. Close to all amenities and freeway access, with top rated Olympia schools nearby.
Getting Around
Car-Dependent
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Very Good
- Year built: 2022
Materials
- Foundation: Poured Concrete
- Roof: Composition
- Construction materials: Cement/Concrete,Wood Siding,Wood Products
Type & Style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subType: Duplex,Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 3
Features
- Flooring: Vinyl Plank
Heating & Cooling
- Heating features: 90%+ High Efficiency,Ductless,Wall Furnace,Electric
- Cooling features: 90%+ High Efficiency,Ductless
Interior Area
- Total structure area: 2,207
- Total interior livable area: 2,207 sqft
Property
Details
- Parcel number: 76000600107
- Zoning description: Residential,Jurisdiction: City
- Special condition: Standard
Lot
- Lot size: 5,148 sqft
- Features: Curbs,Paved,Sidewalk,Cable TV,Fenced-Partially,High Speed Internet,Patio
Parking
- Total spaces: 4
- Parking features: Garage
- Attached garage spaces: 2
- Covered spaces: 2
- Uncovered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters in Thurston County and Washington
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,539 | $42,468 |
| Home Insurance * | $160 | $1,920 |
| Property Taxes | $555 | $6,660 |
| Electricity | $150 | $1,811 |
| Total | $4,404 | $52,848 |
Income You'd Need if You Spent...
Washington FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-24 | Listed for sale | $699,950 |
View on Zillow