Listed by WEICHERT, Realtors Reynolds RE
$350,000
PENDING

1204 88th Ave SE Olympia, WA 98501

Estimated payment $2,279/month

Total Views 811
4 Beds
2 Baths
1,785 Sq Ft
$196 Price per Sq Ft

Highlights

  • No HOA
  • Baseboard Heating
  • Wood Siding
  • East Olympia Elementary School Rated A-
  • Partially Fenced Property
  • Vinyl Flooring

About This Home

Discover an exceptional investment opportunity with this duplex situated in a highly desirable Tumwater location, offering quick access to I-5, shopping, parks, and everyday amenities. Each unit features 2 bd and 2 bath, one side with a garage and the other a carport, providing flexible functionality for future tenants. Set on a large lot with ample potential, the property is in rough condition and ready for a full renovation—ideal for investors, flippers, or anyone looking to add value and maximize rental income in a sought-after area.

Listing Agent

Cara Bork

WEICHERT, Realtors Reynolds RE License #128105 Listed on: 04/11/2026

WEICHERT, Realtors Reynolds RE

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2500915

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,078

Year Built

  • Built in 1967

Lot Details

  • 16,553 Sq Ft Lot
  • Lot Dimensions are 65'x103'x181'x176'
  • Partially Fenced Property

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 1,785 Sq Ft Home
  • 1-Story Property

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Outbuilding

Schools

  • Peter G Schmidt Elementary School
  • George Wash Bush Mid Middle School
  • Tumwater High School

Utilities

  • Baseboard Heating
  • Septic Tank

Community Details

  • No Home Owners Association
  • Tumwater Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 12713230406

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,078

Year Built

Built in 1967

Lot Details

0.38 Acres

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 52 - Duplex
  • Year Built: 1967
  • MLS Status: Pending
  • Prev Status: Pending
  • New Construction: No
  • CalculatedSquareFootage: 1785
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Present in offer
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family, Residential
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Laminate, Vinyl
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Construction Type: Brick, Wood
  • Exterior Features: Brick, Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: No
  • Covered Parking Spaces: 3
  • Garage Spaces: 2
  • Open Parking: No
  • Total Parking Spaces: 6

Utilities

  • Sewer: Septic Tank
  • Water Source: Community
  • Security: Partially Fenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterCompany: CCI Solutions
  • CableConnected: N/A
  • InternetConnected: N/A

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Tumwater
  • High School: Tumwater High
  • Middle Or Junior School: George Wash Bush Mid

Lot Info

  • Parcel Number: 12713230406
  • Lot Size Acres: 0.38
  • Lot Size: 65'x103'x181'x176'
  • Lot Size Sq Ft: 16553
  • Zoning Description: Multi-Family,Residential
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,Outbuildings
  • MLSLotSizeSource: Public
  • ZoningJurisdiction: City
  • LotNumber: 1

Green Features

  • Power Production Type: Electric

Rental Info

  • ShortTermRentalYN: false
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 0

Tax Info

  • Year: 2026
  • Tax Annual Amount: 5078.4

Multi Family

  • Number Of Units Total: 2
  • EnergySource: Electric
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Peter G Schmidt Elem

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,144 $509,400 $260,000 $249,400
2024 $4,144 $462,100 $252,200 $209,900
2023 $4,144 $413,800 $200,600 $213,200
2022 $4,032 $416,700 $220,800 $195,900
2021 $3,616 $342,500 $184,700 $157,800
2020 $3,438 $281,700 $100,600 $181,100
2019 $3,224 $259,600 $146,100 $113,500
2018 $3,110 $240,900 $110,000 $130,900
2017 $2,944 $224,250 $97,050 $127,200
2016 $2,309 $186,100 $69,800 $116,300
2014 -- $161,500 $73,900 $87,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/13/2026 04/13/26 Pending -- -- --
04/11/2026 04/11/26 For Sale $350,000 -- $196 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2500915

Northwest Multiple Listing Service (NWMLS)

APN: 12713230406

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