101 2nd Avenue, Olympia, WA 98512

Olympia
Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners
Listed by: madison del vigo
Office: coldwell banker evergreen360-352-7651
MLS#:2573230
Source:NWMLS
101 2nd Avenue,Olympia, WA 98512
$495,000
  • 4 Beds
  • 2 Baths
  • 2,244 sq. ft.
  • Single family
  • Pending Inspection

Price summary

  • Price:$495,000
  • Price per sq. ft.:$374.43

About this home

Two homes in one great property! Recently refreshed 3-bedroom main home is warm and inviting, with a fully detached 1-bedroom, 1-bath ADU offering a second, completely separate place to live or rent. Just off Tumwater’s historic core, near the Craft District, Brewery Park at Tumwater Falls, parks, trails and local schools, this is one of those properties where the options are the story. Live in the main home and rent the ADU. Live in the ADU and rent the larger home. Or rent both and let the numbers work for you. Current combined rents are $4,532/month, or $54,384/year. Seller-provided figures show $45,313 NOI and an approx. 8.4% cap rate based on current offering terms. Even with 20% down and conventional financing, current income and expenses show potential for positive cash flow. For an owner-occupant, rental income could offset a meaningful part of the monthly payment. For an investor, you have two rentable homes with established income. Major updates throughout! Roof of the ADU...

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Home facts

  • Year built:1930
  • Subdivision & Development:Tumwater Hill
  • Listing ID #:2573230
  • Updated:October 30, 2026 at 08:30 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Full bathrooms:2
  • Flooring:Laminate, Vinyl Floor
  • Kitchen Description:Refrigerator
  • Bedroom Description:Main Level Bedrooms : 4
  • Living area:2,244 sq. ft.

Structure and exterior

  • Roof:Composition
  • Year built:1930
  • Building area:2,244 sq. ft.
  • Lot area:0.14 Acres
  • Lot Features:Sidewalk
  • Architectural Style:Craftsman
  • Construction Materials:Wood Exterior Finish, Wood Products Exterior Finish
  • Foundation Description:None
  • Levels:1 Story

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:$495,000
  • Price per sq. ft.:$374.43
  • Tax amount:$2,977 (2025)

Features and amenities

  • Appliances:Refrigerator
  • Amenities:Cable TV, Ceiling Fan(s), Gas Available, High Speed Internet, Water Heater

Parking

  • Total parking spaces:1
  • Parking description:Detached Carport
  • Carport spaces:1
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