Bought with Pettit Realty LLC
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1821 Water ST SW Olympia, WA 98501
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Key Details
Sold Price $600,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,352 sqft
Price per Sqft $255
Subdivision Capital Campus
MLS Listing ID 2317503
Sold Date 01/30/25
Style 52 - Duplex
Bedrooms 4
Year Built 1910
Annual Tax Amount $5,852
Lot Size 0.744 Acres
Property Sub-Type Multi-Family
Property Description
This property features two rentable units: a historic main home with tons of upside potential and a fully rebuilt accessory dwelling unit (ADU) that feels like a standalone fully functional home. The main home would rent well as is but also offers a great opportunity for value-add renovations to maximize rental income and drive sweat equity. The modern ADU, rebuilt in 2002, features high-end finishes, ADA accessibility, a functional floorplan, large windows, and a recently reinforced wraparound deck. Both units can generate steady income, and the property's prime location near Capitol Lake, downtown, and unique historic homes makes it a highly desirable location. Perfect for investors looking for strong rental demand and upside potential.
Location
State WA
County Thurston
Area 447 - Olympia North
Interior
Interior Features Ceramic Tile, Hardwood, Laminate, Wall to Wall Carpet
Flooring Ceramic Tile, Hardwood, Laminate, Carpet
Fireplace false
Exterior
Exterior Feature Cement Planked, Wood, Wood Products
Amenities Available Cable TV, Deck, High Speed Internet, Patio, RV Parking
Waterfront Description Lake,No Bank
View Y/N Yes
View Lake, Territorial
Roof Type Composition
Building
Lot Description Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Buyer To Verify
School District Olympia
Others
Senior Community No
Acceptable Financing Cash Out, Conventional, FHA, State Bond, VA Loan
Listing Terms Cash Out, Conventional, FHA, State Bond, VA Loan
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