$475,000

2 Beds 2 Baths 1,620 SQFT 0.14 Acres
Type: Multi-Family

1128 State Avenue NE
Olympia, WA 98506

MLS#: 2555802
Presented by: Redfin and NWMLS

Property Description

 

Great rental potential in the coveted Bigelow neighborhood! Formerly a fully rented duplex, the current owners converted to SFR. Easily converted back to a duplex just by adding door by the living room to create a separate upstairs unit. Upstairs back room is still plumbed for a full kitchen, and you could add a ductless washer/dryer to the space for full functionality. Downstairs has a completely remodeled kitchen with smart appliances (combo oven with convection/steam/air fryer options and gas range with voice-activated hood!), butcher block counters, and USB outlets, large laundry/mud room, bedroom with walk-in closet, and full bath. Upstairs has a large living room with seasonal views of the capital dome, a bedroom, a potential kitchen/dining room, and full bath. Alley parking for downstairs unit, and free street parking for upstairs. Located just blocks from downtown Olympia, parks, restaurants, Swantown Marina, and the farmers market. Mixed-use zoning is perfect for a live/work lifestyle. Zoning would also allow commercial, so you could live upstairs and run a business from the main floor! Buyer to verify all possible uses. Preferred lender incentive available.


 

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringSoftwood, Vinyl, Vinyl Plank, Carpet
Heating Y/NYes
Power Production TypeElectric, Natural Gas
Total Fireplaces0
Total Stories2

General

Building Area Units0 sqft
Cap Rate4.89
Carport Spaces0
Carport Y/NNo
CityOlympia
CoolingNone
CountyThurston
DirectionsCorner of State Ave NE and Puget St NE- free street parking on this block of State St!
Electric Expense0
Elementary SchoolRoosevelt Elementary
Fuel Expense0
Garage Spaces0
HOANo
HOA Fee$0
HeatingBaseboard
High SchoolOlympia High
High School DistrictOlympia
Insurance Expense0
Leasable Area1,620 sqft
Listing TermsCash, Conventional, FHA, VA Loan
Living Area0 sqft
Lot Size Square Feet6,300 sqft
Lot Size UnitsSquare Feet
MLS Area447 - Olympia North
Middle/Junior High SchoolReeves Mid
NWM_ShowMapLinkY
Net Operating Income25842
New ConstructionNo
Number Of Units Total2
PossessionClosing
Property ConditionUpdated/Remodeled
Property Style52 - Duplex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksGreat rental potential in the coveted Bigelow neighborhood! Formerly a fully rented duplex, the current owners converted to SFR. Easily converted back to a duplex just by adding door by the living roo
RoofComposition
Security FeaturesPartially Fenced
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsShort Sale
Standard StatusActive
StatusActive
Structure TypeDuplex
Subdivision NameOlympia
Tax Annual Amount$5,079
Tax Year2026
Units Below Gradefalse
Units In Building Total2
Virtual TourClick here
Water CompanyCity of Olympia
Water Sewer Garbage0
Year Built1912

Exterior

Building Area Total1,620 sqft
Covered Spaces0
Exterior AmenitiesMetal/Vinyl, Wood
Foundation DetailsConcrete Ribbon
Irrigation Water Rights Y/NNo
Lot FeaturesAlley, Corner Lot, Curbs, Paved, Sidewalk
Lot Size Acres0.1446
Parking Uncovered Total2
Site FeaturesFenced-Partially, Gas Available, Outbuildings, Patio
Total Parking2
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools 

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

  

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$475,000

2 Beds 2 Baths 1,620 SQFT 0.14 Acres
Type: Multi-Family

1128 State Avenue NE
Olympia, WA 98506

MLS#: 2555802