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Price Drop: $20.05K (10/02)
No HOA
Street View
Listed by: Julia Galleher (253) 222-6699 | Keller Williams Realty PS (253) 835-4500
$499,950
Monthly Est:$2,488
4 Beds
2 Baths2 full baths
1,588sqft
521 & 523 Blvd Rd SE, Olympia, WA 98501
$499,950
$2,488/moEst:
Get Pre-Approved
Condominium
Built in 1962
$-- HOA
11,558 sqft lot
$315/sq.ft
Description
RARE OLYMPIA INVESTMENT + DEVELOPMENT OPPORTUNITY! Two 2-bedroom, 1-bath rental homes PLUS a separate adjacent 5,779 sq. ft. building lot—all offered together at $499,950. Live in one, rent both, or explore future development possibilities while maintaining existing rental income. 523 Boulevard Rd SE is 769 sq. ft., built in 1962, and features a newer roof, siding and flooring. It was rented for $1,670/month. 521 is 839 sq. ft., built in 1965, and offers additional upside with some TLC; current rent is well below market at $787.50/month on a month-to-month basis. Each home includes a carport. The adjacent lot offers exciting potential for investors and developers. Explore building while retaining rental income, or investigate condominiumization or short-plat possibilities for individual resale. Alley access may provide additional flexibility (buyer to verify). Each lot is approximately 5,779 sq. ft. and zoning allows 4–8 units per acre. Commercial zoning is nearby on the other side of the street. Recent property-management inspections are available upon request. Combined square footage of both residences is reflected in the listing. Taxes: $4,658.11 for 521/523 and $1,824.27 for the additional lot. Please do not disturb tenants. Interior viewing of 521 upon mutual acceptance. Two homes. Two lots. Existing income. Future potential—all for $499,950!
- Houzeo last checked: 12 hours ago
- Listing updated: October 2, 2026 at 5:29 pm
- Source: Northwest Multiple Listing Service | MLS#: NWM2516854
Property Details
Status
Pending
Type
Single Family Residence
No. of Stories
-
County
City
Neighborhood
--
Year Built
1962
HOA Fees
-
Finished Area
1,588 sqft
Lot Size
11,558 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2516854
MLS Status
Pending Inspection
Days on Market
155
Cumulative Days on Market
153
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 2
Entry Hall
Level: Main
Kitchen Without Eating Space
Level: Main
Living Room
Level: Main
Primary Bedroom
Level: Main
Utility Room
Level: Main
Bathroom Full
Level: Main
Bathroom Full
Level: Main
Bedroom
Level: Main
Bedroom
Level: Main
Bedroom
Level: Main
Interior
Flooring
Vinyl, Vinyl Plank, Carpet
Appliances
Refrigerator, Stove(s)/range(s)
Exterior Features
Wood
Sewer
Sewer Connected
Interior Features
Water Heater
Heating
Baseboard
Cooling
None
Construction
Year Built
Year Built: 1962
Home type
Condominium
Roof
Composition
Foundation Details
Pillar/post/pier
Construction Materials
Wood
Utilities & Energy
Parking Features
Attached Carport
Basement
None
Water Source
Public
Other Features
Lot Features
Paved
Subdivision Name
Olympia
Price History
| Date | Event | Price |
|---|---|---|
10/02/2026 Source: | Pending | $450,950 -9.80% $284/sqft |
10/02/2026 Source: | Price Increased | $499,950 +10.87% $315/sqft |
07/31/2026 Source: | Price Decreased | $450,950 -17.86% $284/sqft |
07/22/2026 Source: | Price Decreased | $549,000 -4.52% $346/sqft |
05/03/2026 Source: | Price Increased | $575,000 +15.01% $362/sqft |
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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.
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