Tumwater Hill Homes with Craftsman Architecture

Tumwater Hill Homes with Craftsman Architecture

Located in Tumwater, Washington, Tumwater Hill is a charming neighborhood that offers a delightful blend of natural beauty and convenient amenities. Situated in Thurston County, this area is known for its picturesque landscapes, friendly community, and easy access to nearby cities.

Tumwater Hill boasts a variety of housing options, including homes with Craftsman architecture. True to their style, these homes feature unique design elements such as exposed beams, intricate woodwork, and cozy front porches. The Craftsman style is renowned for its attention to detail and emphasis on craftsmanship, making these homes truly special.

Living in Tumwater Hill means enjoying a peaceful and serene environment. The neighborhood is surrounded by lush greenery, with numerous parks and trails nearby for outdoor enthusiasts to explore. Residents can take advantage of the beautiful scenery while going for a hike, bike ride, or leisurely stroll.

In addition to its natural attractions, Tumwater Hill offers easy access to a range of amenities. The neighborhood is conveniently located near shopping centers, restaurants, and entertainment options, ensuring that residents have everything they need within reach.

With its idyllic setting, homes with Craftsman architecture, and proximity to modern conveniences, Tumwater Hill is a fantastic place to call home. Whether you're looking for a peaceful retreat or a vibrant community, this neighborhood has something to offer everyone.

Newest Tumwater Hill Homes with Craftsman Architecture

$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. 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!

101 2nd Avenue SW, Olympia

Listing courtesy of Coldwell Banker Evergreen.

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