Property Details
330 E Bay Drive NE
Olympia, WA 98506
$750,000
Pending
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Property Overview
Soak up stunning panoramic views from this rare East Bay Harbor three-story tri-level duplex overlooking Puget Sound, the majestic Olympic Mountains, and vibrant Swantown Marina. This one-in-a-million waterfront opportunity in Olympia’s highly sought-after East Bay neighborhood lets you live in one beautifully updated owner’s unit while generating income from the other side—perfect for owner-occupants, investors, or multi-generational living. Step inside the generously appointed owner’s residence featuring modern finishes, an inviting gas fireplace, and stainless steel appliances in the gourmet kitchen. Generous balconies extend off the main living areas and bedrooms for seamless indoor-outdoor living and sweeping water views. Each top level boasts dramatic vaulted ceilings, wrap-around windows, and skylights flooding the spaces with natural light and breathtaking views. Both sides offer exceptional privacy with separate entrances. Each unit features two spacious bedrooms with en-suite bathrooms and generous walk-in closets. Open living areas are perfect for entertaining while enjoying marina views. Highlights include two-car garages per side with extra visitor parking, high-quality construction built in 1997, and unmatched walkability to parks, trails, shopping, dining, and freeways. This peaceful waterfront enclave is a unique gem for primary residence with rental income or turnkey investment. Schedule a private showing today and experience these views for yourself now!!
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Pending
County
Thurston
Neighborhood
Bigelow
Listed
Jun 11, 2026
Structure Type
Duplex
Parcel Number
78201800100
Tax & HOA
Annual Property Tax
$7,735 (2026)
Est. Monthly Tax
$645/mo
Financial Summary
Cap Rate
5.60%
Net Operating Income
$42,181
Gross Scheduled Income
$51,000
Gross Rent Multiplier
14.70
Total Expenses
$9,092
Building & Use
Building Sq Ft
2,720
Leasable Area
2,720 sqft
Total Units
2
Lot Size
6,774 sqft
Year Built
1997
Exterior & Lot
Lot Size
0.16 sqft
Year Built
1997
Garage
4 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Paved, Sidewalk
Exterior Features
Wood Products
Community & Access
Directions
GPS Friendly
Location
City
Olympia
County
Thurston
Coordinates
47.04804, -122.89288
Additional Information
Tax Year
2026
Annual Taxes
$7,735
Possession
Array
Based on information submitted to the MLS GRID as of August 4, 2026 1:45 AM. 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.
