Olympia, WA 98501 518 – 520 18th Avenue SE
$520,000
24 more
Presented By: Better Properties – Metro and NWMLS
- MLS# 2353214
- 04/01/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 1,524
Home Details
This well maintained duplex in Olympia’s sought-after South Capitol neighborhood presents an opportunity for both owner-occupants & investors. The single-story property includes two 2-bed/ 1-bath units, each with private backyards. Features include a newer roof, a shared two-car garage, & a private driveway. Tucked away on a dead-end street, the home offers charm, privacy, & convenience-close to shopping, dining, transit, & the Capitol. One unit is move-in ready, showcasing vintage Olympia metal cabinets & original wood floors, making it ideal for immediate occupancy or rental. Whether looking to generate steady income or live in one unit while renting the other, this rare duplex combines comfort, location, & long-term investment potential.
Presented By: Better Properties – Metro and NWMLS
Interior Features for 518 – 520 18th Avenue SE
Bedrooms
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringHardwood, Vinyl, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories1
General for 518 – 520 18th Avenue SE
Building Area UnitsSquare Feet
Building NameWOHLEB-SCHAEFER
Cap Rate3.75
Carport Spaces
Carport Y/NNo
CityOlympia
CoolingNone
CountyThurston
DirectionsFrom Capitol Way, East on 18th Ave, almost to the end of the road on the left.GPS friendly
Electric Expense
Elementary SchoolLincoln Elementary
Fuel Expense
HOANo
HOA Fee$
HeatingWall Unit(s)
High SchoolOlympia High
High School DistrictOlympia
Insurance Expense1058
Leasable Area1524
Listing TermsCash Out, Conventional
Lot Size Square Feet5969
Lot Size UnitsSquare Feet
MLS Area447 – Olympia North
Middle/Junior High SchoolWash Mid
ModificationTimestamp2025-09-25T15:16:11.699Z
NWM_ShowMapLinkY
Net Operating Income20031
New ConstructionNo
Number Of Units Total2
Open Parking Spaces2
PossessionClosing, Subject to Tenant Rights
Possible UseMulti-Family, Residential
Property ConditionGood
Property Style52 – Duplex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksThis well maintained duplex in Olympias sought-after South Capitol neighborhood presents an opportunity for both owner-occupants & investors. The single-story property includes two 2-bed/ 1-bath unit
RoofFlat
Security FeaturesPartially Fenced
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeDuplex
Subdivision NameCapital Campus
Tax Annual Amount5154
Tax Year2025
Units Below Gradefalse
Units In Building Total2
ViewTerritorial
Water CompanyCity of Olympia
Water Sewer Garbage3670
Year Built1959
Zoning DescriptionMulti-Family, Residential
Exterior for 518 – 520 18th Avenue SE
Building Area Total1524
Covered Spaces2
Exterior AmenitiesBrick, Wood
Foundation DetailsBlock
Irrigation Water Rights Y/NNo
Lot FeaturesDead End Street, Paved, Sidewalk
Lot Number8
Lot Size Acres0.137
Parking Uncovered Spaces2
Site FeaturesCable TV, Fenced-Partially, High Speed Internet, Patio
Total Parking4
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
Middle School
Wash Mid
High School
Olympia High
Elementary School
Lincoln Elementary
Josh QA1
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