2221 15th Avenue SE, Olympia, WA 98501
- $475,000
- 1,440
- SqFt
Listing courtesy of Realty One Group Bold. Selling Office: Premier Real Estate Partners.
- Sold Price
- $475,000
- List Price
- $459,900
- Status
- SOLD
- MLS#
- 2456963
- Closing Date
- Mar 11, 2026
- Days on Market
- 25
- Style
- 52 - Duplex
- Finished SqFt
- 1,440
- Area Total SqFt
- 1440
- Annual Tax Ammount
- 4357
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 10,400
- Sewer
- Septic Tank
Property Description
Fantastic duplex in the Olympia School District, tucked away but close to everything, including the intercity trail system, bus line and the irresistible Left Bank Pastry. Both units have 2 bedrooms and 1 bath, updated interiors, and new deck boards and railing in 2024. A great opportunity, whether you live there and rent out the other space or keep it as an investment.
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Additional Information
- List Date
- 2026-02-14 00:00:00
- Community
- Olympia
- Net Operating Income
- $23,390
- Gross Adjusted Income
- $33,640
- Gross Scheduled Income
- $34,680
- Total Monthly Income
- $2,890
- Insurance Expenses
- $950
- Water/Sewer/Garbage Expenses
- $1,443
- Gross Rent Multiplier
- 13.3
- Total Expenses
- $10,250
- Cap Rate
- 5.1
- Vacancy Rate
- 3
- Total Number of Units
- 2
- Unit Name
- 2221
- Potential Terms
- Cash, Conventional, VA Loan
- Year Built
- 1923
- Roof
- Composition
- Site Features
- Cable TV, Deck, High Speed Internet, Patio
- Other Expenses
- 3500
- Energy Source
- Electric
- School District
- Olympia
- Elementary School
- Madison Elem
- Middle School
- Wash Mid
- High School
- Olympia High
- Total Monthly Income
- $2,890
- Gross Scheduled Income
- $34,680
- Vacancy Rate
- 3
- Gross Adjusted Income
- $33,640
- Tax Year
- 2025
- Insurance Expense
- $950
- W/S/G Expenses
- $1,443
- Total Expenses
- $10,250
- Net Operating Income
- $23,390
- Gross Rent Multiplier
- 13.3
- Cap Rate
- 5.1
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.