518 520 18th Avenue SE, Olympia, WA 98501
- $507,000
- 1,524
- SqFt
Listing courtesy of Better Properties - Metro. Selling Office: Olympic Sotheby's Int'l Realty.
- Sold Price
- $507,000
- List Price
- $499,000
- Status
- SOLD
- MLS#
- 2480899
- Closing Date
- Mar 13, 2026
- Days on Market
- 1
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 1,524
- Area Total SqFt
- 1524
- Annual Tax Ammount
- 5154
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 5,969
- Sewer
- Sewer Connected
Property Description
Investor alert! Clearly cherished South Capitol duplex offering income potential and/or owner-occupant flexibility. Extremely well-maintained single-story duplex has been lovingly looked after for years with consistent upkeep. Nurtured landscaping. Featuring two 2-bd/1 ba. Each has a private fenced back yard. Newer roof. Shared 1 car garages and off-street parking. Property on dead-end street. Centrally located near Capitol Campus and transit. Live in one and rent the other, or lease both.
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Additional Information
- List Date
- 2026-03-12 00:00:00
- Community
- Capital Campus
- Net Operating Income
- $9,882
- Gross Adjusted Income
- $29,913
- Gross Scheduled Income
- $30,156
- Total Monthly Income
- $2,543
- Insurance Expenses
- $1,058
- Water/Sewer/Garbage Expenses
- $3,670
- Gross Rent Multiplier
- 16.55
- Total Expenses
- $9,882
- Cap Rate
- 4
- Vacancy Rate
- 2
- Total Number of Units
- 2
- Unit Name
- 518 520
- Potential Terms
- Cash, Conventional
- Year Built
- 1959
- View
- Territorial
- Roof
- Flat
- Site Features
- Cable TV, Fenced-Partially, High Speed Internet
- Energy Source
- Electric, Wood
- School District
- Olympia
- Elementary School
- Lincoln Elementary
- Middle School
- Wash Mid
- High School
- Olympia High
- Total Monthly Income
- $2,543
- Gross Scheduled Income
- $30,156
- Vacancy Rate
- 2
- Gross Adjusted Income
- $29,913
- Tax Year
- 2025
- Insurance Expense
- $1,058
- W/S/G Expenses
- $3,670
- Total Expenses
- $9,882
- Net Operating Income
- $9,882
- Gross Rent Multiplier
- 16.55
- Cap Rate
- 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.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.