2217 2219 Bush NW, Olympia, WA 98502

$475,000

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Listing courtesy of Van Dorm Realty, Inc. Selling Office: Keller Williams South Sound.

Sold Price
$475,000
List Price
$465,000
Status
SOLD
MLS#
2469215
Closing Date
Feb 26, 2026
Days on Market
16
Style
52 - Duplex
Building Condition
Good
Annual Tax Ammount
3872
Internet Provider
Xfinity
Lot Size (sq ft)
6,969
Sewer
Sewer Connected, STEP Sewer
Offer Review Date
2026-01-24

Property Description

Two one-level homes! Centrally located on Olympia’s Westside with easy access to shopping, dining, parks, schools, and commuter routes, this classic rambler offers both comfort and versatility. The main home is 3 bed, 1 bath 972 sq ft charmer + a 432 sq ft studio ADU perfect to help cover mortgage, multigenerational living, or save for guests. Main home and ADU each with own private patio. ADU rent is $1200.00. Main home has rented $2295. Recent updates include a new roof in 2021 and updated flooring. A third room with a closet could easily function as a third bedroom, home office, or flex space. Two PSE meters. All appliances included. You'll love the privacy of the fully fenced, backyard. Just minutes to Sunrise Park and Olympia Schools!

Additional Information

List Date
2026-02-10 00:00:00
Community
Westside
Net Operating Income
$29,968
Gross Adjusted Income
$41,940
Gross Scheduled Income
$41,940
Total Monthly Income
$3,495
Insurance Expenses
$1,500
Water/Sewer/Garbage Expenses
$2,400
Gross Rent Multiplier
11.1
Total Expenses
$11,972
Cap Rate
6.4
Total Number of Units
2
Unit Name
2217 2219
Potential Terms
Cash, Conventional, FHA, VA Loan
Year Built
1949
Roof
Composition
Site Features
Cable TV, Fenced-Fully, High Speed Internet, Patio
Electric Expenses
3000
Other Expenses
1200
Energy Source
Electric, Natural Gas
School District
Olympia
Elementary School
Garfield Elem
Middle School
Jefferson Mid
High School
Capital High
Total Monthly Income
$3,495
Gross Scheduled Income
$41,940
Gross Adjusted Income
$41,940
Tax Year
2026
Insurance Expense
$1,500
W/S/G Expenses
$2,400
Total Expenses
$11,972
Net Operating Income
$29,968
Gross Rent Multiplier
11.1
Cap Rate
6.4
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.
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