Listed by Coldwell Banker Bain, Bought with Coldwell Banker Evergreen
$790,000
SOLD AUG 22, 2025

1315 - 1317 Edison St NE Unit A,B Olympia, WA 98506

Northeast Olympia Neighborhood
5 Beds
-- Bath
2,180 Sq Ft
0.85 Acres

Recently Sold

$362 Per Sq Ft

1% Below List Price

Highlights

  • Spa
  • Home fronts a creek
  • 0.85 Acre Lot
  • Reeves Middle School Rated A-
  • RV Access or Parking
  • Deck

About This Home

As of August 2025

Adjacent to Mission Creek Park Nature Park, this incredible property was built as a multi-generational family compound! Turn-key & immaculately updated and maintained inside and out, it can be rented as a duplex plus additional rents from the detached garage and studio (previously used as a glass and metal art studio and classroom) with a pro-forma CAP rate of 6.7% Interiors are gorgeous, expansive and feature upscale materials and craftsmanship; each with 2 beds plus an office (or extra bedroom). RV/boat parking, and garden space galore. Whether you are looking for a multi-generational home or a high performing investment with the potential to add units, this incredible home is truly an amazing find. See it to appreciate all that's here!

Last Agent to Sell the Property

Edward Tropp

Coldwell Banker Bain License #43159 Listed on: 06/14/2025

Coldwell Banker Bain

Last Buyer's Agent

Bruce Batson

Coldwell Banker Evergreen License #48666

Coldwell Banker Evergreen

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2382842

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,387

Year Built

  • Built in 1982

Lot Details

  • 0.85 Acre Lot
  • Home fronts a creek
  • Street terminates at a dead end
  • Secluded Lot
  • Property is in very good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,180 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Carpet
  • Laminate
  • Vinyl

Parking

  • 13 Parking Spaces
  • 3 Covered Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Spa
  • Deck
  • Patio
  • Outbuilding

Schools

  • Roosevelt Elementary School
  • Reeves Mid Middle School
  • Olympia High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Propane
  • Well
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Bigelow Subdivision
  • Property is near a preserve or public land

Listing and Financial Details

  • Assessor Parcel Number 0944007003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,387

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 52 - Duplex
  • Year Built: 1982
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2180
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Multi-Family, Residential
  • Private Spa: Yes
  • Possible Bedrooms: 5
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Storage

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Adjacent to Public Land, Dead End Street, Paved, Secluded
  • View: Yes
  • Waterfront Features: Creek
  • Waterfront: Yes
  • Construction Type: Wood
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Duplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 3
  • Open Parking Spaces: 10
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 13
  • ParkingUncoveredSpaces: 10

Utilities

  • Sewer: Septic Tank
  • Water Source: Individual Well
  • Cooling: Forced Air, Heat Pump
  • Cooling Y N: Yes
  • Heating: Forced Air, Heat Pump
  • Heating Yn: Yes
  • PowerCompany: PSE
  • CableConnected: XFinity
  • InternetConnected: XFinity
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Olympia
  • High School: Olympia High
  • Middle Or Junior School: Reeves Mid

Lot Info

  • Parcel Number: 0944007003
  • Lot Size Acres: 0.85
  • Lot Size Sq Ft: 37026
  • Zoning Description: Multi-Family,Residential
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,High Speed Internet,Hot Tub/Spa,Outbuildings,Patio,Propane,RV Parking,Shop
  • MLSLotSizeSource: tax
  • MLSSquareFootageSource: tax
  • ZoningJurisdiction: County

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 11.9
  • LeasedItems: Furnace/Burner
  • TotalMonthlyIncome: 5600

Multi Family

  • Gross Scheduled Income: 67200
  • Net Operating Income: 53633
  • Number Of Units Total: 4
  • Electric Expense: 420
  • Insurance Expense: 2400
  • Leasable Area: 3452
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2025
  • Tax Annual Amount: 6387

MLS Schools

  • Elementary School: Roosevelt Elementary

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/22/2025 08/22/25 Sold $790,000 -1.3% $362 / Sq Ft
06/23/2025 06/23/25 Pending -- -- --
06/14/2025 06/14/25 For Sale $800,000 -- $367 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Edward Tropp

    Seller's Agent in 2025

    Edward Tropp

    Coldwell Banker Bain

    (253) 988-5763

    1 in this area

    63 Total Sales

    Edward Tropp
    Section Image
  • Bruce Batson

    Buyer's Agent in 2025

    Bruce Batson

    Coldwell Banker Evergreen Olympic Realty, Inc.

    (360) 561-7239

    5 in this area

    135 Total Sales

    Bruce Batson
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2382842

Northwest Multiple Listing Service (NWMLS)
Washington Thurston County Olympia 98506 Northeast Olympia

1315 - 1317 Edison St NE Unit A,B, Olympia, WA

This home is located at 1315 - 1317 Edison St NE Unit A,B, Olympia, WA 98506 and is currently priced at $790,000, approximately $362 per square foot. This property was built in 1982. 1315 - 1317 Edison St NE Unit A,B is a home located in Thurston County with nearby schools including Roosevelt Elementary School, Reeves Middle School, and Avanti High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) 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. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. 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, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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