1813 Franklin Street SE, Olympia, WA 98501
- $549,900
- 2,903
- SqFt
Listing courtesy of Keller Williams South Sound.
- List Price
- $549,900
- Status
- PENDING INSPECTION
- MLS#
- 2519345
- Days on Market
- 61
- Style
- 52 - Duplex
- Finished SqFt
- 2,903
- Area Total SqFt
- 2903
- Annual Tax Ammount
- 5744
- Lot Size (sq ft)
- 5,000
- Sewer
- Sewer Connected
Property Description
Great Olympia investment opportunity featuring 2 tenant-occupied units plus a partially finished basement with future rental potential once completed! Charming property with strong income-producing possibilities in a convenient location near downtown Olympia, shopping, restaurants, parks, & I-5 access. Each unit offers functional living spaces with included appliances: refrigerator, stove, dishwasher, washer & dryer. Property features classic character, ample parking, & flexibility for investors or owner-occupants looking to offset expenses. Basement space provides additional upside opportunity for added income or expanded living area with an already finished third full size bathroom. Don’t miss this versatile multi-unit property with immediate cash flow & future potential! Interior photos coming soon.
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Additional Information
- List Date
- 2026-05-29 18:43:14
- Community
- Olympia
- Net Operating Income
- $25,840
- Gross Adjusted Income
- $37,800
- Gross Scheduled Income
- $37,800
- Total Monthly Income
- $3,150
- Insurance Expenses
- $1,296
- Water/Sewer/Garbage Expenses
- $3,600
- Gross Rent Multiplier
- 14.5
- Total Expenses
- $11,960
- Cap Rate
- 4.7
- Total Number of Units
- 2
- Unit Name
- 1813
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1926
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Partially, Gas Available, High Speed Internet, Outbuildings
- Energy Source
- Electric, Natural Gas
- School District
- Olympia
- Total Monthly Income
- $3,150
- Gross Scheduled Income
- $37,800
- Gross Adjusted Income
- $37,800
- Tax Year
- 2026
- Insurance Expense
- $1,296
- W/S/G Expenses
- $3,600
- Total Expenses
- $11,960
- Net Operating Income
- $25,840
- Gross Rent Multiplier
- 14.5
- Cap Rate
- 4.7
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.