Property Details
902 North Street SE
Tumwater, WA 98501
$519,700
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Property Overview
Owning a 1940s 1-bedroom, 1-bathroom duplex in Olympia's Carlyon district offers a perfect blend of historic charm, high rental demand, and a premier neighborhood footprint. Located within the highly coveted Olympia School District, this type of property serves as both an architectural gem and a resilient real estate investment. Solid construction has been modernized with tasteful kitchen and bath renovations. HVAC, plumbing, wiring, and windows have all been updated as well. Cozy, clean 1-bed, 1-bath layout maximizes functionality and is a fan favorite for those in the know. The neighborhood vibe is known for its quiet, tree-lined streets, established gardens, and safe, walkable neighborhood atmosphere. Quick, seamless access to Health clubs, Golf, Olympia Farmers Market, local coffee shops, pubs, and waterfront parks. Easy access to Interstate 5 and state government campuses makes it ideal for many. Absolute simple liv'n house hack option in a great location.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Thurston
Neighborhood
Olympia
Listed
Jun 1, 2026
Structure Type
Duplex
Parcel Number
63600200900
Tax & HOA
Annual Property Tax
$4,806 (2026)
Est. Monthly Tax
$401/mo
Financial Summary
Cap Rate
4.70%
Net Operating Income
$24,752
Gross Scheduled Income
$33,120
Gross Rent Multiplier
15.70
Total Expenses
$8,368
Building & Use
Building Sq Ft
1,232
Leasable Area
1,232 sqft
Total Units
2
Zoning
Multi-Family,Residential
Possible Use
Multi-Family, Residential
Lot Size
6,682 sqft
Year Built
1949
Exterior & Lot
Lot Size
0.15 sqft
Year Built
1949
Garage
2 spaces
Exterior Materials
Metal/Vinyl
Sewer
Sewer Connected
Water Source
Public
Lot Features
Corner Lot, Curbs, Paved, Sidewalk
Exterior Features
Metal/Vinyl
Community & Access
Directions
East bound on North St SE to left on Hoadly St. Subject is corner parcel of North and Hoadly.
Location
City
Tumwater
County
Thurston
Coordinates
47.01682, -122.89004
Additional Information
Tax Year
2026
Annual Taxes
$4,806
Possession
Array
Based on information submitted to the MLS GRID as of June 2, 2026 2:15 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.
