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101 2nd Avenue NW

Olympia, WA 98512
  • $599,000
  • STATUS: Active
  • MLS #: 2435878
UPDATED: 37 min ago
$599,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,244
    SQFT
  • $267
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1930
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Northwest MLS logo Listing information ©2025 Northwest MLS. Listing courtesy of Coldwell Banker Evergreen.
Mortgage Calculator is provided by BoomTown.

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 leasedsome 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.

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IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Spokane are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2025-11-12T13:16:35.51. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2025-11-12T13:16:35.51. 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.
www.communityrealestategroup.com/homes/168089205
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101 2nd Avenue NW Olympia, WA 98512

  • Price: $599,000
  • Status: Active
  • On Site: Days
  • Updated: 37 min ago
  • MLS #: 2435878
0
Beds
0
Baths
0
½ Baths
0.14
Acres
2,244
SQFT
$267
$/SQFT
1930
Built
Neighborhood:
Tumwater Hill
County:
Thurston
Area:
Tumwater
Elementary School:
Tumwater Hill Elem
Middle School:
Tumwater Mid
High School:
A G West Black Hills
School District:
Tumwater
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 leasedsome 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.
Exterior Features

Carport Spaces 1 Carport YN No Covered Spaces 1 Exterior Features WoodWood Products Lot Features Sidewalk Lot Size Dimensions 50x119 Open Parking Spaces 1 Open Parking YN Yes Parking Total 3 Parking Uncovered Spaces 1 Roof Composition Structure Type Duplex Style Code 52 - Duplex View YN No Waterfront YN No

Interior Features

Baths Full Upper 0 Baths Half Upper 0 Baths Three Quarter Upper 0 Bedrooms Upper 0 Building Area Total 2244 Cooling None Cooling YN No Fireplace YN No Fireplaces Total 0 Flooring LaminateVinyl Heating Wall Unit(s) Heating YN Yes Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Association Fee 0 Association YN No Energy Source Electric FIRPTAYN No First Right Of Refusal No Foundation Details BlockConcrete Ribbon Irrigation Water Rights YN No Listing Terms Cash OutConventional Lot Number 1 Net Operating Income 45313 New Construction YN No Possession Closing Possible Use Multi-FamilyResidential Power Company Puget Sound Energy Power Production Type Electric Property Condition Average Property Sub Type Multi Family Senior Community YN No Sewer Sewer Connected Sewer Company City of Tumwater Site Features Cable TVGas AvailableHigh Speed Internet Special Listing Conditions None Tax Annual Amount 2977 Tax Year 2025 Units In Building Total 2 Water Company City of Tumwater Water Source Public Year Built Effective 1982 Zoning Description Multi-FamilyResidential Zoning Jurisdiction City



IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Spokane are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2025-11-12T13:16:35.51. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2025-11-12T13:16:35.51. 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.
 
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Keller Williams Spokane
6515 W Clearwater, Ste 224
Kennewick WA, 99336
Northwest MLS logo Listing information ©2025 Northwest MLS. Listing courtesy of Coldwell Banker Evergreen.
Mortgage Calculator is provided by BoomTown.