Olympia Homes with 52 - Duplex Style

Olympia Homes with 52 - Duplex Style

Welcome to Olympia, Washington – a vibrant city nestled in the heart of Thurston County, where stunning natural beauty meets a rich cultural tapestry. Known for its picturesque waterfront, lush parks, and historic charm, Olympia offers a unique blend of urban conveniences and small-town warmth. Whether you're strolling through the bustling downtown area filled with eclectic shops and delightful eateries or enjoying a leisurely day at the scenic Percival Landing Park, this city has something for everyone.

In Olympia, you’ll find a diverse range of housing options, including charming duplex-style homes that perfectly embody the spirit of community living. These residences are ideal for those seeking a blend of privacy and connection, offering ample space for families, friends, or even potential rental income. With their thoughtful layouts and inviting designs, duplex homes in Olympia provide a cozy atmosphere while still being close to all the amenities the city has to offer.

The neighborhood is known for its friendly atmosphere and strong sense of community. Residents enjoy access to top-rated schools, vibrant local markets, and numerous recreational activities, including hiking trails and waterfront parks. The close-knit community hosts various events throughout the year, fostering a welcoming environment for newcomers and long-time residents alike.

If you’re looking for a place where you can enjoy the beauty of nature, a dynamic community, and the comforts of home, Olympia’s duplex-style residences are waiting for you. Discover your dream home in this enchanting city and experience the best that Washington has to offer!

Newest Olympia Homes with 52 - Duplex Style

$499,950
2517453 MLS ⋅ ACTIVE Status
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!! The cap rate, GSI, etc., are based on unit 521 being rented at the same amount as 523.

521 & 523 Boulevard Road SE, Olympia

Listing Broker: Keller Williams Realty PS; Julia Galleher; 253-222-6699; julia.galleher@kw.com

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