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Sold
  • Listed by: 

    John Stormans,

    Olympic Sotheby's Int'l Realty,

    Jim Greene,

    Olympic Sotheby's Int'l Realty

    Bought with: Olympic Sotheby's Int'l Realty
    $600,000

    4518 Ridgewood Court NW, Olympia, WA 98502

    6beds
    4baths
    2,436sqft
    Multi Family
    Built in 1970
    -- sqft lot
    $595,100 Zestimate®
    $246/sqft
    $1,827 Estimated rent

    Home value

    $595,100

    $553,000 - $637,000

    $1,827/mo

    Zestimate® history
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    $3,548/mo

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    What's special

    Well built duplex with great rental history and market leading rents on the popular Cooper Point peninsula. Private lot in a quite wooded community creates an ideal setting for an investor or owner occupant. Large 1200+ sqft units with great open floor plan, 3 beds, 1.5 baths, and attached 1 car garage. Vacant unit has updated flooring, paint, and a fully redone main bath. Brick siding is easy to maintain and will protect your investment from the weather. Large backyards for both units give space to run around and spread out. In a rental environment where solid returns are hard to find, this property offers market beating income.

    Zillow last checked: 7 hours ago

    Listing updated: December 15, 2025 at 04:04am

    Listed by:

    John Stormans,

    Olympic Sotheby's Int'l Realty,

    Jim Greene,

    Olympic Sotheby's Int'l Realty

    Bought with:

    Tommy Lowe, 97082

    Olympic Sotheby's Int'l Realty

    Source: NWMLS as distributed by MLS GRID,MLS#: 2425784MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 4
    Heating
    • Baseboard, Electric
    Cooling
    • None
    Features
    • Flooring: Laminate, Carpet
    • Has fireplace: No
    Interior area
    • Total structure area: 2,436
    • Total interior livable area: 2,436 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: RV Parking
    • Covered spaces: 2
    • Uncovered spaces: 2
    Features
    • Has view: Yes
    • View description: Territorial
    Lot
    • Size: 0.57 Acres
    • Features: Cul-De-Sac, Dead End Street, Paved, Cable TV, Patio, RV Parking
    Details
    • Parcel number: 70730000201
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick, Wood Siding, Wood Products
    • Foundation: Poured Concrete
    • Roof: Composition
    Condition
    • Year built: 1970

    Utilities & green energy

    • Electric: Company: PSE
    • Sewer: Septic Tank, Company: Septic
    • Water: Community, Company: Thurston PUD

    Community & neighborhood

    Location
    • Region: Olympia
    • Subdivision: Cooper Point

    Other

    Other facts
    • Listing terms: Conventional,FHA,VA Loan
    • Cumulative days on market: 148 days

    Price history

    DateEventPrice
    11/14/2025Sold$600,000-4%$246/sqft
    Source: NWMLS as distributed by MLS GRID #2425784 Report a problem
    10/13/2025Pending sale$625,000$257/sqft
    Source: NWMLS as distributed by MLS GRID #2425784 Report a problem
    8/27/2025Listed for sale$625,000+34.4%$257/sqft
    Source: NWMLS as distributed by MLS GRID #2425784 Report a problem
    11/25/2020Sold$465,000+30.3%$191/sqft
    Source: NWMLS as distributed by MLS GRID #1671697 Report a problem
    11/19/2018Sold$357,000-0.8%$147/sqft
    Source: NWMLS as distributed by MLS GRID #1371565 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$7,049 +29.1%$631,800 +31.1%
    2023$5,460 0%$481,800 -1.8%
    2022$5,461 +6.7%$490,600 +22.2%

    Find assessor info on the county website

    Neighborhood: 98502

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $595,100
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $595,100