Date
Details
Price
Change
Source
5/23/2026
Listed
$699,950
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/21
$699,950 Just Listed
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1/21
Property Description
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.
Full Property Details
Full Property Details for 1815 Karen Frazier Rd SE
General
- Price: $699,950
- Taxes: $7,803 (2026)
- Status: Active
- Type: Multi-Family
- Source: NWMLS
- MLS ID: 2528865
- Updated: 5/23/2026
- Added to Site: 1 day(s) ago
Interior
- Flooring: Vinyl Plank
Additional Information
- Amenities: Cable TV, Fenced-Partially, High Speed Internet, Patio
- Security/Safety: Partially Fenced
Parking
- Garage Spaces: 2
- Covered Spaces: 2
- Uncovered Spaces: 2
Location
- Area: 448 - Olympia South
- County: Thurston
- Subdivision: Olympia
- Driving Directions: South on Fones road from Pacific, right on 18th, left on Karen Frazier to house on right.
School Information
- High School District: Olympia
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: 90%+ High Efficiency, Ductless
- Heating Type: 90%+ High Efficiency, Ductless, Wall Furnace
Utilities
- Sewer: Sewer Connected
Structural Information
- Structure Type: Duplex
- Exterior Const.: Cement/Concrete, Wood, Wood Products
- Foundation: Poured Concrete
- Roof: Composition
- Stories in Building: 2
- Square Feet: 2,207
- Year Built: 2022
- Property Condition: Very Good
Unit Information
- Units in Building: 2
Lot Features
- Lot Size (Acres): 0.1182
- Lot Size (Sq. Ft.): 5,150
- Lot Size Source: Public records
- Lot Features: Curbs, Paved, Sidewalk
- Zoning: Residential
Financial Considerations
- Tax Amount: $7,803
- Tax Year: 2026
- Terms: Cash, Conventional, VA Loan
Disclosures and Reports
- Special Conditions: None
- Property ID: 76000600107
Listed by Brian J Dermanoski | Blue Summit Realty LLC | (360) 688-4073
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Schools
Schools serving 1815 Karen Frazier Rd SE
School District:Olympia School District
| Name | Grades | Distance |
|---|---|---|
Olympia Regional Learning Academy B 2400 15th Avenue Southeast, Olympia, WA 98501 | K-5 | 0.4 mi |
Mckenny Elementary School 3250 Morse-Merryman Road Southeast, Olympia, WA 98501 | K-5 | 1 mi |
Washington Middle School, Olympia, WA 3100 Cain Road Southeast, Olympia, WA 98501 | 6-8 | 0.8 mi |
Olympia High School 1302 North Street Southeast, Olympia, WA 98501 | 9-12 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1815 Karen Frazier Rd SE
Tax History
Tax History for 1815 Karen Frazier Rd SE
Year
Property Taxes
Change
Tax Assessment
Change
2026
$7,803
9%
$739,400
8%
2025
$7,177
17%
$685,100
11%
2023
$6,135
835%
$615,200
1035%
2022
$656
—
$54,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1815 Karen Frazier Rd SE
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- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 3Total Baths
- 1,877Sq. Ft.
Listed by Nathaniel Dickison | Van Dorm Realty, Inc
- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 3Total Baths
- 2,371Sq. Ft.
Listed by Brandon Stephens | eXp Realty
- Single Family
- Active
- Updated 2 days ago
- 5Beds
- 4Total Baths
- 2,767Sq. Ft.
Listed by VonKarl Inman | eXp Realty
- Single Family
- Active
- Updated 2 days ago
- 5Beds
- 3Total Baths
- 2,692Sq. Ft.
Listed by Renee Jennifer Aquino | Epic Realty
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- Single Family
- Active
- Updated 4 days ago
- 3Beds
- 3Total Baths
- 2,307Sq. Ft.
Listed by Matt Perkins | Olympic Sotheby's Int'l Realty and Matt Guile-Boessow | Olympic Sotheby's Int'l Realty
- Manufactured Home
- Active
- Updated 6 hours ago
- 3Beds
- 2Total Baths
- 1,248Sq. Ft.
Listed by Billy Johnson | Kelly Right RE of Seattle LLC
- Lots/Land
- Active
- Updated 4 days ago
- 8.77Acres
Listed by Greg Fredericksen | Integris Real Estate
- Single Family
- Active
- Updated 6 days ago
- 3Beds
- 2Total Baths
- 1,725Sq. Ft.
Listed by McCayne Blomberg | Van Dorm Realty, Inc
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- Multi-Family
- Closed
Listed by Vanessa Nygren | Abbey Realty Inc
Sold by Penelope A. Lacy | Dupont Realty & Property Mgmt
Sold by Penelope A. Lacy | Dupont Realty & Property Mgmt
- Multi-Family
- Closed
Listed by Vanessa Nygren | Abbey Realty Inc
Sold by Roopa Kannasani | Roopa Group
Sold by Roopa Kannasani | Roopa Group
- Single Family
- Closed
- 3Beds
- 3Total Baths
- 3,080Sq. Ft.
Listed by Kathy I. Thompson | RE/MAX Northwest
Sold by Joseph Heilman | eXp Realty
Sold by Joseph Heilman | eXp Realty
- Single Family
- Closed
- Updated 12 days ago
- 3Beds
- 2Total Baths
- 1,707Sq. Ft.
Listed by Paul R. Klenk | Van Dorm Realty, Inc
Sold by Spence Weigand | Virgil Adams Real Estate, Inc. and Nate Burgher | Virgil Adams Real Estate, Inc.
Sold by Spence Weigand | Virgil Adams Real Estate, Inc. and Nate Burgher | Virgil Adams Real Estate, Inc.
1815 Karen Frazier Road SE, Olympia, WA 98501 (MLS# 2528865) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 1815 Karen Frazier Road SE is currently listed for $699,950 and was received on May 23, 2026. Want to learn more about 1815 Karen Frazier Road SE? Do you have questions about finding other Multi-Family real estate for sale in Downtown Olympia? You can browse all Downtown Olympia real estate or contact a Coldwell Banker agent to request more information.