WA > Olympia > Tumwater Hill
Olympia, WA 98512,101 2nd AVE NW
Olympia, WA 98512,101 2nd AVE NW
Olympia, WA 98512,101 2nd AVE NW
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Josh Barnard

Josh Barnard

+1(253) 677-5765
Listed by Coldwell Banker Evergreen Madison Del Vigo 
$599,000
Est. payment /mo
4 Beds
2 Baths
2,244 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,244 sqft

Price per Sqft $266

Subdivision Tumwater Hill

MLS Listing ID 2435878

Style 52 - Duplex

Bedrooms 4

Year Built 1930

Annual Tax Amount $2,977

Lot Size 5,935 Sqft

Lot Dimensions 50x119

Property Sub-Type Multi Family

Property Description

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.

Location

State WA

County Thurston

Area 443 - Tumwater

Interior

Flooring Laminate, Vinyl

Fireplace false

Exterior

Exterior Feature Wood, Wood Products

Amenities Available Cable TV, Gas Available, High Speed Internet

View Y/N No

Roof Type Composition

Building

Lot Description Sidewalk

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Tumwater Hill Elem

Middle Schools Tumwater Mid

High Schools A G West Black Hills

School District Tumwater

Others

Senior Community No

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

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Northwest MLS (NWMLS)
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Josh Barnard

Josh Barnard

+1(253) 677-5765

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