Olympia, WA 98501 408 9th Avenue SE
$449,500
18 more
Presented By: Windermere Prof Partners and NWMLS
- MLS# 2386044
- 06/06/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 1,306
Home Details
Great Opportunity to own a well-maintained Duplex in downtown Olympia. Live in one and rent the other one or rent them both. 2 Units currently occupied and generating income. Unit #1 is 1 BR, 1 BA 832sf with private access to side/back yard, Unit #2 is upstairs unit with 1 BR, 1 BA 474 sf. Both units are equipped with R/O, Dishwasher, Fridge, W/D. Cap Rate of over 5%. 3 blocks from Capitol Campus, 1/2 block to Olympia Library and US Post office. Contact your agent or listing agent for more information.
Presented By: Windermere Prof Partners and NWMLS
Interior Features for 408 9th Avenue SE
Bedrooms
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringEngineered Hardwood, Laminate, Vinyl, Carpet
Heating Y/NYes
Power Production TypeElectric, Natural Gas
Total Fireplaces
Total Stories2
General for 408 9th Avenue SE
Building Area UnitsSquare Feet
Cap Rate5.04
Carport Spaces
Carport Y/NNo
CityOlympia
CoolingNone
CountyThurston
DirectionsFrom Capitol Blvd, E on 9th Ave and house on the L or from Plum St, W on Union Ave, R on Jefferson St, L on 9th, home on the R
Electric Expense
Elementary SchoolBuyer To Verify
Fuel Expense
HOANo
HOA Fee$
HeatingWall Unit(s)
High SchoolBuyer To Verify
High School DistrictOlympia
Insurance Expense2618
Leasable Area1306
Listing TermsCash Out, Conventional
Lot Size Square Feet2478
Lot Size UnitsSquare Feet
MLS Area447 – Olympia North
Middle/Junior High SchoolBuyer To Verify
ModificationTimestamp2025-09-04T15:14:11.083Z
NWM_ShowMapLinkY
Net Operating Income23233
New ConstructionNo
Number Of Units Total2
Open Parking Spaces0
PossessionSee Remarks, Subject to Tenant Rights
Possible UseMulti-Family, Residential, Retail
Property ConditionAverage
Property Style52 – Duplex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksGreat Opportunity to own a well-maintained Duplex in downtown Olympia. Live in one and rent the other one or rent them both. 2 Units currently occupied and generating income. Unit #1 is 1 BR, 1 BA 832
RoofComposition
Security FeaturesFully Fenced
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeDuplex
Subdivision NameOlympia
Tax Annual Amount4809
Tax Year2025
Units Below Gradefalse
Units In Building Total2
Water CompanyCity of Olympia
Water Sewer Garbage3000
Year Built1920
Zoning DescriptionMulti-Family, Residential, Retail
Exterior for 408 9th Avenue SE
Building Area Total1306
Covered Spaces
Exterior AmenitiesWood, Wood Products
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot Dimensions40×60
Lot FeaturesAlley, Corner Lot, Curbs, Paved, Sidewalk
Lot Size Acres0.0569
Parking Uncovered Spaces0
Site FeaturesCable TV, Fenced-Fully, Gas Available, High Speed Internet
Total Parking0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Buyer To Verify High School
Elementary School
Buyer To Verify Elementary School
Middle School
Buyer To Verify Middle School
Josh QA1
REALTOR ® SRES ®