2422 Olympia Avenue NE, Olympia, WA 98506
- $700,000
- 2,726
- SqFt
Listing courtesy of Virgil Adams Real Estate, Inc.. Selling Office: Pellego, Inc..
- Sold Price
- $700,000
- List Price
- $700,000
- Status
- SOLD
- MLS#
- 2486704
- Closing Date
- Jun 23, 2026
- Days on Market
- 58
- Style
- 52 - Duplex
- Building Condition
- Very Good
- Finished SqFt
- 2,726
- Area Total SqFt
- 2726
- Annual Tax Ammount
- 6437
- Internet Provider
- Comcast
- Lot Size (sq ft)
- 7,875
- Sewer
- Sewer Connected
Property Description
Custom built duplex by local contractor. This is one of those units where live in one side and rent the other, lives like a single-family home. Plenty of parking w off street option, driveway and garage. Back patio is semi-private to enjoy these upcoming summer months. In-between the two units is a storage area that provides a great sound barrier. Per owner there is also a 2foot air gap between units upstairs providing more peace and quiet. Great open floor plan on lower level with cozy gas fireplace, 1/2 bath w additional storage, under stair storage, good sized inside laundry room just off the garage. Location is ideal for enjoying our local places to eat, grocery shop, and enjoy great coffee. Upstairs bedrooms are generously sized w light bright interior. Full bath upstairs has plenty of space and 2 sinks. Exterior was painted with in the last year, fresh bark and power washed patios. DO NOT DISTURB TENANT, please.
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Additional Information
- List Date
- 2026-04-26 00:00:00
- Community
- Olympia
- Net Operating Income
- $34,323
- Gross Adjusted Income
- $34,323
- Gross Scheduled Income
- $41,760
- Total Monthly Income
- $2,900
- Insurance Expenses
- $1,000
- Gross Rent Multiplier
- 16.76
- Total Expenses
- $7,437
- Cap Rate
- 4.9
- Total Number of Units
- 2
- Unit Name
- 2422
- Potential Terms
- Cash, Conventional, VA Loan
- Year Built
- 1994
- Roof
- Composition
- Site Features
- Fenced-Partially, Gas Available, High Speed Internet, Patio, Sprinkler System
- Energy Source
- Electric, Natural Gas
- School District
- Olympia
- Elementary School
- Roosevelt Elementary
- Middle School
- Reeves Mid
- High School
- Olympia High
- Total Monthly Income
- $2,900
- Gross Scheduled Income
- $41,760
- Gross Adjusted Income
- $34,323
- Tax Year
- 2025
- Insurance Expense
- $1,000
- Total Expenses
- $7,437
- Net Operating Income
- $34,323
- Gross Rent Multiplier
- 16.76
- Cap Rate
- 4.9
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.