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About the Listing 100 - 775232,139197
Rare opportunity in the prestigious South Capitol neighborhood! This renovated duplex is located on a quiet street just 5 blocks from the State Capitol campus and minutes from the markets and restaurants of downtown Olympia. Situated next to a serene pocket park, the property offers a peaceful setting with a strong cap rate and ATTRACTIVE OWNER FINANCING. Large picture windows provide fantastic natural light and beautiful territorial views with pleasant spots to gaze at Capitol Lake through the surrounding tall trees. The upper unit features gorgeous refinished red oak floors and a working wood stove for cozy evenings. The lower unit includes a private deck perfect for relaxing. Both units are small and highly practical, offering 1 bedroom and 1 bathroom each. The kitchens are bright with new countertops, plenty of storage, and dedicated eating spaces. Modern upgrades include new water heaters and stacked washer and dryer systems in both units. With rents increased in the last year, this is a turnkey investment or an ideal primary residence with rental income to offset the mortgage. Enjoy being close to everything the city has to offer while living in one of Olympia's most sought-after areas. This property combines charm, modern amenities, and a prime location for any savvy buyer. Don't miss out on this versatile duplex in the heart of South Capitol. Access to upper unit only, lower unit will be accessible upon signed purchase and sale agreement.
Listing Highlights
Status
Active
Days on Site
2
Property Type
Multi-Family
MLS ®
2499842
Year Built
1940
Total Square Footage
1,316
Lot/Acreage
0.64
County
Thurston
Neighborhood
Olympia
Area
448 - Olympia South
School District
Olympia
Elementary School
Lincoln Elementary
Middle School
Wash Middle
High School
Olympia High
Interior Details
- Bedrooms: 2
- Bathrooms: 2 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: Hardwood,Vinyl
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: City of Olympia
Exterior Details
- Lot Description: Curbs,Paved,Sidewalk,Cable TV,Deck,Gas Available,High Speed Internet,Patio
- Garage Capacity: N/A
- Parking Spaces: 0
- Roof: Composition
- Others: Wood,Very Good
- Sewer: City of Olympia
Financial Details
- Tax Amount: $5,112
- Taxes w/Assessments: N/A
- Tax/Property ID: 60500201300
- Tax Year: 2026
Payment Calculator
Monthly Payment
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Questions About..
2009 Water St SW Olympia, WA 98501
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