Olympia, WA 98506 1725 Puget Street NE

$475,000

1725 Puget Street NE Olympia, WA - Image 11725 Puget Street NE Olympia, WA - Image 21725 Puget Street NE Olympia, WA - Image 3
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Presented By: Redfin and NWMLS
  • Northwest Multiple Listing Service (NWMLS) - 21 - WA
  • MLS# 2433885
  • 09/15/2025
  • Get pre-approved
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Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
  • SQFT • 1,228

Home Details

Amazing investment opportunity with two houses on one lot in the popular North East neighborhood. Both homes were completely remodeled in 2021. Main house features a cozy living room with electric fireplace, kitchen with eating bar, 2 bedrooms, and full bath. Extra finished storage space in attic. 2nd house is a studio with a full bath and kitchenette with a separate gated driveway off Ethridge. Shared laundry room is attached to smaller home and would be a great space to add coin-op laundry units for tenants or AirBnB guests. Blocks from San Francisco Bakery, and just minutes to downtown Oly or beautiful Squaxin Park with beach access, picnic area, playground, and nature trails.
Presented By: Redfin and NWMLS

Interior Features for 1725 Puget Street NE

Bedrooms

Bedrooms Upper

Bathrooms

Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper

Other Interior Features

Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringLaminate, Vinyl, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories1

General for 1725 Puget Street NE

Building Area UnitsSquare Feet
Cap Rate3.95
Carport Spaces
Carport Y/NNo
CityOlympia
CoolingNone
CountyThurston
DirectionsHeading north on Cherry St SE, right on 4th Ave, left on Puget St NE. Home is on the left.
Electric Expense2400
Elementary SchoolRoosevelt Elementary
Fuel Expense
HOANo
HOA Fee$
HeatingWall Unit(s)
High SchoolOlympia High
High School DistrictOlympia
Insurance Expense896
Leasable Area1084
Listing TermsCash Out, Conventional
Lot Size Square Feet7501
Lot Size UnitsSquare Feet
MLS Area447 – Olympia North
Middle/Junior High SchoolReeves Mid
ModificationTimestamp2025-09-18T19:33:11.111Z
NWM_ShowMapLinkY
Net Operating Income18764
New ConstructionNo
Number Of Units Total2
Open Parking Spaces2
PossessionClosing
Property Style52 – Duplex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksAmazing investment opportunity with two houses on one lot in the popular North East neighborhood. Both homes were completely remodeled in 2021. Main house features a cozy living room with electric fi
RoofComposition
Security FeaturesFully Fenced, Security Gate
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeDuplex
Subdivision NameOlympia
Tax Annual Amount4432
Tax Year2025
Units Below Gradefalse
Units In Building Total2
Virtual TourClick here
Water CompanyCity of Olympia
Water Sewer Garbage1800
Year Built1931

Exterior for 1725 Puget Street NE

Building Area Total1228
Covered Spaces
Exterior AmenitiesCement Planked, Wood, Wood Products
Foundation DetailsBlock
Irrigation Water Rights Y/NNo
Lot FeaturesCorner Lot, Paved
Lot Size Acres0.1722
Parking Uncovered Spaces2
Site FeaturesFenced-Fully, Gas Available, Gated Entry, Green House, Outbuildings
Total Parking2
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools

Middle School Reeves Mid
High School Olympia High
Elementary School Roosevelt Elementary

Josh QA1

REALTOR ® SRES ®
Price $475,000
MLS#2433885
List Date 09/15/2025
Property Type Multi-Family
Phone 925.123.4567
Get pre-approved
Request Tour
Request Info
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