Listed by Abbey Realty Inc
$750,000
$45K PRICE DROP

Estimated payment $4,373/month

Total Views 3,224
5 Beds
5 Baths
3,447 Sq Ft
$218 Price per Sq Ft

Highlights

  • Deck
  • Territorial View
  • Ceramic Tile Flooring
  • Lincoln Elementary School Rated A-
  • No HOA
  • Forced Air Heating System

About This Home

Updated 1920’s duplex in historic South Capitol Neighborhood where freedom, charm & convenience collide! Enjoy new roof, no HOA & views of Lincoln Elementary garden next door. Double-pillar covered front porch overlooks easy-care front turf lawn & long driveway to 4-car garage/shop. Unit A offers a new deck, 3BR, 3/4 en-suite bath, full main bath & a massive vaulted primary bdrm/bonus w/4 walk-in closets & big basement storage. Unit B is just as nice, with A/C, 2BR, tankless water heater, fireplace & deck by grass backyard. Separate unit entries front & back for added privacy. Strolling distance to bakery, corner grocery, Vic’s pizza, local coffee & more! Less than 5 mins to I-5 & downtown waterfront. Prime location in Oly School District!

Listing Agent

Jami Downing

Abbey Realty Inc License #49938 Listed on: 07/31/2025

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2413842

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,527

Year Built

  • Built in 1920

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 100x81x99x83
  • Street terminates at a dead end
  • Property is Fully Fenced

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,447 Sq Ft Home
  • 3-Story Property
  • Territorial Views

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck

Schools

  • Lincoln Elementary School
  • Wash Mid Middle School
  • Olympia High School

Utilities

  • Ductless Heating Or Cooling System
  • Forced Air Heating System
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Central Addition To Olympia Bla 032054Ol Condos
  • Capital Campus Subdivision

Listing and Financial Details

  • Assessor Parcel Number 39401101000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,527

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 52 - Duplex
  • Year Built: 1920
  • MLS Status: Active
  • Prev Status: Active
  • Building Name: Central Addition to Olympia BLA 032054OL
  • New Construction: No
  • CalculatedSquareFootage: 3447
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Residential
  • Total Bedrooms: 5
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Basement

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Dead End Street, Paved
  • View: Yes
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Fully Fenced
  • Cooling: Ductless
  • Cooling Y N: Yes
  • Heating: Ductless, Forced Air
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: City of Olympia
  • WaterCompany: City of Olympia
  • CableConnected: Comcast/Xfinity
  • InternetConnected: Comcast/Xfinity
  • WaterSewerGarbage: 1800

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • Annual Fuel Expense: 3200

Schools

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

Lot Info

  • Parcel Number: 39401101000
  • Lot Size Acres: 0.19
  • Lot Size: 100x81x99x83
  • Lot Size Sq Ft: 8276
  • Zoning Description: Residential
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Fully,Gas Available,High Speed Internet
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric, Natural Gas, Wood

Rental Info

  • GrossRentMultiplier: 13.8
  • LeasedItems: None
  • TotalMonthlyIncome: 4800

Multi Family

  • Gross Scheduled Income: 57600
  • Net Operating Income: 44637
  • Number Of Units Total: 2
  • Electric Expense: 1000
  • Insurance Expense: 2436
  • Leasable Area: 3447
  • EnergySource: Electric,Natural Gas,Wood
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2025
  • Tax Annual Amount: 4527

MLS Schools

  • Elementary School: Lincoln Elementary

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
2024 $8,557 $864,300 $207,100 $657,200
2023 $8,557 $818,700 $175,500 $643,200
2022 $8,642 $823,600 $139,500 $684,100
2021 $8,297 $723,800 $124,300 $599,500
2020 $8,213 $643,100 $135,500 $507,600
2019 $7,219 $621,100 $108,900 $512,200
2018 $7,172 $532,700 $102,800 $429,900
2017 $5,604 $448,800 $109,300 $339,500
2016 $5,149 $419,300 $108,500 $310,800
2014 -- $412,000 $108,500 $303,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2025 08/12/25 Price Changed $750,000 -5.7% $218 / Sq Ft
07/31/2025 07/31/25 For Sale $795,000 -- $231 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- Stewart Title Of Western
Quit Claim Deed $144,629 Stewart Title Of Western
Interfamily Deed Transfer -- Transnation Title
Warranty Deed $290,000 Transnation Title
Warranty Deed -- Stewart Title Of Wester
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $413,000 New Conventional
Closed $376,000 Negative Amortization
Previous Owner $232,000 Unknown
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2413842

Northwest Multiple Listing Service (NWMLS)

APN: 39401101000