- 0
- 1
- Overview
- Description
- Property Details
- Location
- Facts & Features
- Getting Around
- Nearby Homes
No HOA
Street View
Listed by: Madison Del Vigo (360) 918-1693 | Coldwell Banker Evergreen (360) 352-7651
$495,000
Monthly Est:$2,464
4 Beds
2 Baths2 full baths
1,322sqft
101 2Nd Ave Nw, Olympia, WA 98512
$495,000
$2,464/moEst:
Get Pre-Approved
Single Family Residence
Built in 1930
$-- HOA
5,935 sqft lot
$374/sq.ft
Description
Two homes in one great property! Recently refreshed 3-bedroom main home is warm and inviting, with a fully detached 1-bedroom, 1-bath ADU offering a second, completely separate place to live or rent. Just off Tumwater’s historic core, near the Craft District, Brewery Park at Tumwater Falls, parks, trails and local schools, this is one of those properties where the options are the story. Live in the main home and rent the ADU. Live in the ADU and rent the larger home. Or rent both and let the numbers work for you. Current combined rents are $4,532/month, or $54,384/year. Seller-provided figures show $45,313 NOI and an approx. 8.4% cap rate based on current offering terms. Even with 20% down and conventional financing, current income and expenses show potential for positive cash flow. For an owner-occupant, rental income could offset a meaningful part of the monthly payment. For an investor, you have two rentable homes with established income. Major updates throughout! Roof of the ADU is brand new, and windows in the main house have been replaced. The location makes everyday life easy, with recreation, restaurants, schools and downtown Olympia nearby, plus direct access to I-5 for commuting north or south. Spend the morning walking Tumwater Falls, head to the Craft District for dinner. Two detached homes, established income, everyday livability and more than one smart way to own it. Investor, first time buyer or downsizing? This is the property you have been waiting for!
- Houzeo last checked: 12 hours ago
- Listing updated: October 3, 2026 at 4:12 am
- Source: Northwest Multiple Listing Service | MLS#: NWM2573230
Property Details
Status
Active
Type
Single Family Residence
No. of Stories
-
County
City
Neighborhood
--
Year Built
1930
HOA Fees
-
Finished Area
1,322 sqft
Lot Size
5,935 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2573230
MLS Status
Active
Days on Market
37
Cumulative Days on Market
36
Continue Your Journey in App
Find your dream home, receive real-time updates, and many more!
Download App
Continue Your Journey in App
Find your dream home, receive real-time updates, and many more!
Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 2
Entry Hall
Level: Main
Kitchen With Eating Space
Level: Main
Living Room
Level: Main
Primary Bedroom
Level: Main
Bathroom Full
Level: Main
Bathroom Full
Level: Main
Bedroom
Level: Main
Bedroom
Level: Main
Bedroom
Level: Main
Interior
Exterior Features
Wood, Wood Products
Heating
Wall Furnace
Sewer
Sewer Connected
Cooling
None
Flooring
Laminate, Vinyl
Interior Features
Ceiling Fan(s), Water Heater
Appliances
Refrigerator, See Remarks
Construction
Year Built
Year Built: 1930
Home type
Single Family Residence
Construction Materials
Wood
Foundation Details
Block, Concrete Ribbon
Property Condition
Average
Architectural Style
Craftsman
Roof
Composition
Utilities & Energy
Water Source
Public
Parking Features
Detached Carport
Basement
None
Other Features
Lot Features
Sidewalk
Subdivision Name
Tumwater Hill
Price History
| Date | Event | Price |
|---|---|---|
08/27/2026 Source: | Price Decreased | $495,000 -8.16% $374/sqft |
08/27/2026 Source: | Listed for Sale | $539,000 $408/sqft |
Nearby Homes
Find Homes by Property Features in Olympia, WA
Nearby New Homes For Sale
Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 02, 2026, 09:01AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
Advertising Broker: Christy Lee-Naumann (267) 341-8337 | Houzeo Brokerage LLC