522 H Street SW, Tumwater, WA 98512
Multi-Family Home 
Built in 1950 
7,501sqft lot
—— car garage 
$——/sqft 
Listed 4 months ago
Property Description
Great investment opportunity from a well maintained duplex with additional assigned parking (6 total). Big 7500 sqft corner lot with potential for additional units and spectacular city and territorial views. Low maintenance yards for easy upkeep. Hardwood flooring in both units keeping maintenance and repair cost down. Newer Mini ductless split in vacant unit providing AC & Heat for better rent. Unit 524 is vacant for a great owner occupied opportunity and comfort. Common area utility room with washer & dryer. Cap rate based on 2024 tax return, current cap rate potential much higher. Conveniently located on Tumwater Hill with quick access to I-5, HWY 101, JBLM, schools, shopping, and parks.
- Listing Status:
- Active
- Data Last Updated:
- May 21, 2026 at 2:20AM
- Listing Office:
- NextHome Northwest Group : 360-456-4486
- Listing Agent:
- Michael Barber : 360-456-4486
- MLS ID:
- 2465094
- General: Wood
- Roofing: Composition
- General: Standard Frame52 - DuplexPoured Concrete
- HOA Amenities: 0.0
- Originating MLS: nwmls
- School District: Tumwater
- County: Thurston
- Zoning: 33203000600
- View: CityTerritorialView
- Water: Public
- Sewer: Sewer Connected
- Source: nwmls
This listing courtesy of Michael Barber , NextHome Northwest Group
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
Location
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