101 2nd Avenue Nw, Olympia, WA 98512

Local realty services provided by:Better Homes and Gardens Real Estate Macy & Co.
Listed by: madison del vigo
Office: coldwell banker evergreen
MLS#:2435878
Source:NWMLS
101 2nd Avenue Nw,Olympia, WA 98512
$599,000
  • - Beds
  • - Baths
  • 2,244 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$599,000
  • Price per sq. ft.:$266.93

About this home

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.

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Home facts

  • Year built:1930
  • Listing ID #:2435878
  • Updated:November 11, 2025 at 08:43 PM

Rooms and interior

  • Living area:2,244 sq. ft.

Heating and cooling

  • Heating:Wall Unit(s)

Structure and exterior

  • Roof:Composition
  • Year built:1930
  • Building area:2,244 sq. ft.
  • Lot area:0.14 Acres

Schools

  • High school:A G West Black Hills
  • Middle school:Tumwater Mid
  • Elementary school:Tumwater Hill Elem

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$599,000
  • Price per sq. ft.:$266.93
  • Tax amount:$2,977 (2025)
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of November 11, 2025. 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 for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2025 MLS GRID. All Rights Reserved.

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