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Street View
Listed by: Brian J Dermanoski (360) 280-1980 | Blue Summit Realty LLC (360) 688-4073
$849,950
Monthly Est:$4,231
8 Beds
- 6 Baths
3,484sqft
3112 Ponderosa St NE, Olympia, WA 98516
$849,950
$4,231/moEst:
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Duplex
Built in 2020
$55/mo HOA
4,740 sqft lot
$244/sq.ft
Description
Rare opportunity to own a newer duplex featuring 4 large bedrooms, 2.5 baths and 1,742 sqft per unit, along with a 2-car garage. Gateway North neighborhood is well-kept w/ a cohesive look. Located in a very strong rental area, this duplex has great potential for positive cash flow. Units feature 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 2020 and exceptionally well maintained. Long term leases in place and a great cap rate with room for continued growth. Exterior features custom siding accents and fenced rear yards. Convenient to all amenities and freeway access.
- Houzeo last checked: 12 hours ago
- Listing updated: September 21, 2026 at 4:37 pm
- Source: Northwest Multiple Listing Service | MLS#: NWM2528936

Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
2020
HOA Fees
$55/mo
Finished Area
3,484 sqft
Lot Size
4,740 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2528936
MLS Status
Active
Days on Market
129
Cumulative Days on Market
129

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Location
HOA Management
N/A
HOA Fees
$660/ Annually
Disclaimer: Amenities are based on third-party information and may vary; buyers must independently verify all amenities, as information is deemed reliable but not guaranteed.
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 6
Interior
Exterior Features
Cement/concrete, Wood, Wood Products
Heating
90%+ High Efficiency, Ductless, Wall Furnace
Sewer
Sewer Connected
Cooling
90%+ High Efficiency, Ductless
Flooring
Vinyl Plank
Construction
Year Built
Year Built: 2020
Home type
Duplex
Construction Materials
Cement, Wood
Foundation Details
Poured Concrete
Property Condition
Very Good
Roof
Composition
Utilities & Energy
Water Source
Public
Security Features
Partially Fenced
Other Features
Lot Features
Curbs, Paved, Sidewalk
Subdivision Name
Lacey
Price History
| Date | Event | Price |
|---|---|---|
05/27/2026 Source: | Listed for Sale | $849,950 $244/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 02, 2026, 09:01AM. 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.
IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that 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. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
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