Property Details
2422 Olympia Avenue NE
Olympia, WA 98506
$700,000
Pending Inspection
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Property Overview
Custom built duplex by local contractor. This is one of those units where live in one side and rent the other, lives like a single-family home. Plenty of parking w off street option, driveway and garage. Back patio is semi-private to enjoy these upcoming summer months. In-between the two units is a storage area that provides a great sound barrier. Per owner there is also a 2foot air gap between units upstairs providing more peace and quiet. Great open floor plan on lower level with cozy gas fireplace, 1/2 bath w additional storage, under stair storage, good sized inside laundry room just off the garage. Location is ideal for enjoying our local places to eat, grocery shop, and enjoy great coffee. Upstairs bedrooms are generously sized w light bright interior. Full bath upstairs has plenty of space and 2 sinks. Exterior was painted with in the last year, fresh bark and power washed patios. DO NOT DISTURB TENANT, please.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Pending Inspection
County
Thurston
Neighborhood
Olympia
Listed
Mar 3, 2026
Financial Summary
Cap Rate
4.90%
Net Operating Income
$34,323
Gross Scheduled Income
$41,760
Gross Rent Multiplier
16.76
Total Expenses
$7,437
Building & Use
Building Sq Ft
2,726
Leasable Area
2,726 sqft
Total Units
2
Lot Size
7,876 sqft
Year Built
1994
Exterior & Lot
Lot Size
0.18 sqft
Year Built
1994
Garage
2 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Paved
Exterior Features
Wood Products
Location
City
Olympia
County
Thurston
Coordinates
47.04785, -122.86695
Additional Information
Tax Year
2025
Annual Taxes
$6,437
Possession
Array
Based on information submitted to the MLS GRID as of May 19, 2026 5:00 PM. 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.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
