1315 - 1317 Edison Street NE Unit #A,B, Olympia, WA 98506
- $790,000
- 2,180
- SqFt
Listing courtesy of Coldwell Banker Bain. Selling Office: Coldwell Banker Evergreen.
- Sold Price
- $790,000
- List Price
- $800,000
- Status
- SOLD
- MLS#
- 2382842
- Closing Date
- Aug 22, 2025
- Days on Market
- 9
- Style
- 52 - Duplex
- Building Condition
- Very Good
- Finished SqFt
- 2,180
- Area Total SqFt
- 2180
- Annual Tax Ammount
- 6387
- Internet Provider
- XFinity
- Lot Size (sq ft)
- 37,026
- Sewer
- Septic Tank
Property Description
Adjacent to Mission Creek Park Nature Park, this incredible property was built as a multi-generational family compound! Turn-key & immaculately updated and maintained inside and out, it can be rented as a duplex plus additional rents from the detached garage and studio (previously used as a glass and metal art studio and classroom) with a pro-forma CAP rate of 6.7% Interiors are gorgeous, expansive and feature upscale materials and craftsmanship; each with 2 beds plus an office (or extra bedroom). RV/boat parking, and garden space galore. Whether you are looking for a multi-generational home or a high performing investment with the potential to add units, this incredible home is truly an amazing find. See it to appreciate all that's here!
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Additional Information
- List Date
- 2025-08-13 00:00:00
- Community
- Bigelow
- Net Operating Income
- $53,633
- Gross Adjusted Income
- $63,840
- Gross Scheduled Income
- $67,200
- Total Monthly Income
- $5,600
- Insurance Expenses
- $2,400
- Gross Rent Multiplier
- 11.9
- Total Expenses
- $10,207
- Cap Rate
- 6.7
- Vacancy Rate
- 5
- Total Number of Units
- 4
- Unit Name
- 1315 - 1317
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1982
- Waterfront
- Yes
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, High Speed Internet, Hot Tub/Spa, Outbuildings, Patio, Propane, RV Parking, Shop
- Electric Expenses
- 420
- Other Expenses
- 1000
- Energy Source
- Electric
- School District
- Olympia
- Elementary School
- Roosevelt Elementary
- Middle School
- Reeves Mid
- High School
- Olympia High
- Total Monthly Income
- $5,600
- Gross Scheduled Income
- $67,200
- Vacancy Rate
- 5
- Gross Adjusted Income
- $63,840
- Tax Year
- 2025
- Insurance Expense
- $2,400
- Total Expenses
- $10,207
- Net Operating Income
- $53,633
- Gross Rent Multiplier
- 11.9
- Cap Rate
- 6.7
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.