1821 Water Street SW, Olympia, WA 98501 (MLS # 2317503)

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Listing provided courtesy of Northwest MLS; John L. Scott Olympia

PRICE $625,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE 2,352 sqft
LOT SIZE 32,422 sqft

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.

DAYS ON MARKET 6 LAST UPDATED 12/19/2024
TRACT Capital Campus YEAR BUILT 1910
COMMUNITY Capital Campus COUNTY Thurston
STATUS Active PROPERTY TYPE(S) Multi Family

SCHOOLS
Elementary School Buyer To Verify
Jr. High School Buyer To Verify
High School Buyer To Verify


ADDITIONAL DETAILS
AIR Heat Pump
AIR CONDITIONING Yes
AREA 447 - Olympia North
CONSTRUCTION Cement Siding, Wood Siding
HEAT Ductless , Electric, Forced Air, Natural Gas
INTERIOR Ceramic Tile, Hardwood, Laminate, Wall to Wall Carpet
LOT 0.7443 acre(s)
LOT DESCRIPTION Paved, Sidewalk
PARKING RV Access/Parking
STORIES 2
STYLE 52 - Duplex
SUBDIVISION Capital Campus
TAXES 5852
UTILITIES Cable Available, Sewer Connected
VIEW Yes
VIEW DESCRIPTION Lake, Territorial
WATER Public
WATERFRONT Yes
WATERFRONT DESCRIPTION Lake
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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 12/25/24 5:52 AM PST. 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.

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