Tumwater Hill Homes with Detached Carport Parking Features

Tumwater Hill Homes with Detached Carport Parking Features

Welcome to Tumwater Hill, a charming neighborhood nestled in the heart of Olympia, Washington. This picturesque area is renowned for its stunning views, friendly community vibe, and convenient access to both nature and urban amenities. With its rolling hills and lush greenery, Tumwater Hill offers residents a serene escape while still being just minutes away from the vibrant downtown Olympia scene.

One of the standout features of homes in Tumwater Hill is the availability of detached carport parking. This practical amenity not only provides protection for your vehicle from the elements but also adds an extra layer of convenience to your daily routine. Imagine coming home to a spacious carport where you can easily park your car, store outdoor equipment, or even create a cozy outdoor workspace.

The neighborhood is perfect for families, professionals, and retirees alike, boasting a range of home styles that cater to various tastes and lifestyles. With nearby parks, walking trails, and recreational facilities, residents enjoy an active lifestyle, whether it’s a leisurely stroll through the scenic trails or engaging in community events.

Moreover, Tumwater Hill is conveniently located near top-rated schools, shopping centers, and dining options, making it an ideal place to call home. If you’re looking for a community that blends tranquility with accessibility, Tumwater Hill is the perfect choice. Discover the beauty and charm of this delightful neighborhood, where your dream home awaits!

Newest Tumwater Hill Homes with Detached Carport Parking Features

$539,000
4 Beds ⋅ 2 Baths ⋅ 2573230 MLS ⋅ ACTIVE Status
Two homes in one great property! 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. 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. 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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