Olympia Homes with Tumwater Hill Elem Elementary School

Olympia Homes with Tumwater Hill Elem Elementary School

Olympia, the capital city of Washington State, is a vibrant and picturesque city located in Thurston County. Situated in the beautiful Pacific Northwest region of the United States, Olympia offers a unique blend of natural beauty, cultural attractions, and a thriving real estate market.

One of the sought-after areas in Olympia is Tumwater Hill, which is home to Tumwater Hill Elementary School. Families looking to settle down in this neighborhood can find a range of homes that cater to their needs and preferences. From cozy single-family houses to spacious modern residences, there is something for everyone in this area.

Living in proximity to Tumwater Hill Elementary School provides families with the convenience of having their children attend a reputable educational institution. The school is known for its dedicated teachers, supportive community, and excellent academic programs. Families can feel confident that their children will receive a quality education while enjoying the benefits of living in a close-knit community.

In addition to the educational opportunities, Tumwater Hill offers a variety of amenities and recreational activities. Residents can explore nearby parks, hiking trails, and enjoy breathtaking views of the surrounding landscape. The area also boasts easy access to shopping centers, restaurants, and other essential services.

With its prime location and excellent school, Tumwater Hill in Olympia is an attractive option for families looking to establish roots in a welcoming community. The real estate market in this area is competitive, so it is advisable to work with a knowledgeable real estate agent who can guide you through the process and help you find the perfect home that suits your needs.

Newest Olympia Homes with Tumwater Hill Elem Elementary School

$539,000
4 Beds 2 Baths 2573230 MLS ACTIVE Status
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. The 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. Live in the main home and rent the ADU. Live in the ADU and rent the larger home. Keep family close, but in their own space. 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 in a location people want to live. The setting 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, then come home to a property with room to make your own plan. 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!

101 2nd Avenue NW, Olympia

Listing courtesy of Coldwell Banker Evergreen.

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