LKV Realty
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Brian J DermanoskiBlue Summit Realty LLC
$699,950
1815 Karen Frazier Road SE, Olympia, WA 98501Listing ID 2528865

1815 Karen Frazier Road SE, Olympia, WA 98501

Active
Olympia
Last updated: Jul 15, 2026
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
Multi Family
Square Feet
Square Feet
2,207
Acres
Acres
0.12
Cooling
Cooling
90%+ High Efficiency, Ductless
Heating
Heating
90%+ High Efficiency, Ductless, Wall Furnace
Year Built
Year Built
2022
Garages
Garages
2

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.

Property Information

Property Details

Location

Address
1815 Karen Frazier Road SE
County
Thurston
City
Olympia
Zip Code
98501
Subdivision
Olympia
School District
Olympia
MLS Area
448 - Olympia South

Interior Features

Heating and Cooling

Cooling
90%+ High Efficiency, Ductless
Heating
90%+ High Efficiency, Ductless, Wall Furnace

Building

Building Information

Square Feet
2,207
Year Built
2022
Construction
Cement, Wood
Foundation
Poured Concrete
Roof
Composition
Condition
Very Good

Financial

Special Conditions
None

Property Taxes

Tax Annual Amount
$7,803
Tax Year
2026
Source: Northwest Multiple Listing Service
Northwest Multiple Listing Service logo

Based on information submitted to the MLS GRID as of 18 Aug 2026, 05:25 PM UTC. 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. Some IDX listings have been excluded from this website. IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.

For corrections to this data please contact Brytecore MLS Support.

NWM777290

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.