101 2nd AVE NW Active Save Request In-Person Tour Request Virtual Tour
Olympia,WA 98512
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,244 sqft
Price per Sqft $266
Subdivision Tumwater Hill
MLS Listing ID 2435878
Style 52 - Duplex
Bedrooms 4
Year Built 1930
Annual Tax Amount $2,977
Lot Size 5,935 Sqft
Property Sub-Type Multi Family
Property Description
High-Performing duplex in prime Tumwater location. Moments from the Craft District this fully detached duplex offers exceptional rental income and long-term upside. The refreshed 3-bed, 1-bath main home is leased at $2,657/month through May 2026, while the detached 1-bed 1-bath ADU is vacant and ready for new tenants or owner occupancy. NOI tops $45K/year when fully leased—some of the strongest returns in the county! Ideal for investors seeking a reliable asset or buyers interested in house-hacking with flexibility. Excellent access to I-5, Brewery Park at Tumwater Falls, schools, and local amenities. Strong tenant, solid lease in place, and room to increase total yield on the ADU. Top-tier opportunity in one of the areas strongest markets.
Location
State WA
County Thurston
Area 443 - Tumwater
Interior
Flooring Laminate,Vinyl
Exterior
Exterior Feature Wood,Wood Products
Amenities Available Cable TV,Gas Available,High Speed Internet
View Y/N No
Roof Type Composition
Building
Lot Description Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Tumwater Hill Elem
Middle Schools Tumwater Mid
High Schools A G West Black Hills
School District Tumwater
Others
Acceptable Financing Cash Out,Conventional
Listing Terms Cash Out,Conventional