Olympia, WA 98512 101 2nd Avenue NW
$599,000
27 more
Presented By: Coldwell Banker Evergreen and NWMLS
- MLS# 2435878
- 09/15/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 2,244
Home Details
Nestled just off Tumwater’s historic core and minutes from the vibrant Craft District, this versatile home + ADU blends lifestyle and income opportunity. The main home is warm and inviting 3-bedroom and has been refreshed, while the fully detached 1-bedroom, 1-bath ADU offers unmatched flexibility. Live in one and lease the other, or maximize your investment with both units generating income. The main home is currently leased at $2,657/month through May 2026, while the ADU is delivered vacant and ready for your vision. With a projected NOI over $45K – (with the ADU rented), freeway access nearby, parks and trails, including Brewery Park at Tumwater Falls – this property is more than a home it’s a strategic real estate asset.
Presented By: Coldwell Banker Evergreen and NWMLS
Interior Features for 101 2nd Avenue NW
Bedrooms
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringLaminate, Vinyl
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories1
General for 101 2nd Avenue NW
Building Area UnitsSquare Feet
Cap Rate7.56
Carport Spaces1
Carport Y/NNo
CityOlympia
CoolingNone
CountyThurston
DirectionsFrom I-5 South, take Exit 101 for Tumwater Boulevard.Turn right onto Tumwater Boulevard and continue to the light at Capitol Boulevard. At that light, turn right onto Capitol Boulevard. Then take you
Electric Expense75
Elementary SchoolTumwater Hill Elem
Fuel Expense
HOANo
HOA Fee$
HeatingWall Unit(s)
High SchoolA G West Black Hills
High School DistrictTumwater
Insurance Expense1189
Leasable Area2244
Listing TermsCash Out, Conventional
Lot Size Square Feet5935
Lot Size UnitsSquare Feet
MLS Area443 – Tumwater
Middle/Junior High SchoolTumwater Mid
ModificationTimestamp2025-09-19T18:58:10.598Z
NWM_ShowMapLinkY
Net Operating Income45313
New ConstructionNo
Number Of Units Total2
Open Parking Spaces1
PossessionClosing
Possible UseResidential
Property ConditionAverage
Property Style52 – Duplex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksNestled just off Tumwaters historic core and minutes from the vibrant Craft District, this versatile home + ADU blends lifestyle and income opportunity. The main home is warm and inviting 3-bedroom an
RoofComposition
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeDuplex
Subdivision NameTumwater Hill
Tax Annual Amount2977
Tax Year2025
Units Below Gradefalse
Units In Building Total2
Water CompanyCity of Tumwater
Water Sewer Garbage3000
Year Built1930
Zoning DescriptionResidential
Exterior for 101 2nd Avenue NW
Building Area Total2244
Covered Spaces1
Exterior AmenitiesWood, Wood Products
Foundation DetailsBlock, Concrete Ribbon
Irrigation Water Rights Y/NNo
Lot Dimensions50×119
Lot FeaturesSidewalk
Lot Number1
Lot Size Acres0.1362
Parking Uncovered Spaces1
Site FeaturesCable TV, Gas Available, High Speed Internet
Total Parking3
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
Elementary School
Tumwater Hill Elem
High School
A G West Black Hills High School
Middle School
Tumwater Mid
Josh QA1
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