1710 1712 Eastside Street NE, Olympia, WA 98506
- $523,000
- 2,168
- SqFt
Listing courtesy of MVP Realty Group. Selling Office: RE/MAX Advantage.
- Sold Price
- $523,000
- List Price
- $499,999
- Status
- SOLD
- MLS#
- 2541832
- Closing Date
- Jul 24, 2026
- Days on Market
- 4
- Style
- 52 - Duplex
- Finished SqFt
- 2,168
- Area Total SqFt
- 2168
- Annual Tax Ammount
- 3180.59
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 7,500
- Sewer
- Sewer Connected
- Offer Review Date
- 2026-06-23
Property Description
NEW ROOF AND APPLIANCES! Well-maintained duplex in desirable northeast Olympia neighborhood offering flexibility for investors and owner-occupants alike. One unit will be vacant at closing, providing an excellent opportunity to move in and offset your mortgage with rental income, or place a new tenant and maximize cash flow. Cap rate exceeds 6%! Each unit features 2 bedrooms, 1 full bath, adaptable living areas, covered front porches, and sliding glass doors leading to private decks and a fully fenced shared backyard. Exceptionally spacious main living area with room to comfortably create separate living, dining, and work spaces while maintaining an open, inviting feel. This versatile layout offers flexibility rarely found in comparable duplex properties. The property has seen several meaningful updates, including a new roof in October 2025. Unit 1710 features a newer washer and dryer, while 1712 received a new stove range and dishwasher in June 2026. Expanded in 2006 with additional sqft and gabled roofline, this duplex offers generous floor plans and a functional layout that has broad tenant appeal. Ample off-street parking is available with dedicated driveway space for each unit. Conveniently located near downtown Olympia, Puget Sound waterfront access, local shops, restaurants, and the popular San Francisco Street Bakery, with easy access to I-5 for commuting. A solid investment opportunity in a location that continues to attract strong rental demand.
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Additional Information
- List Date
- 2026-07-20 00:00:00
- Community
- Olympia
- Net Operating Income
- $32,097
- Gross Adjusted Income
- $42,180
- Gross Scheduled Income
- $44,400
- Total Monthly Income
- $3,700
- Insurance Expenses
- $1,501
- Water/Sewer/Garbage Expenses
- $2,400
- Gross Rent Multiplier
- 11.26
- Total Expenses
- $10,082
- Cap Rate
- 6.42
- Vacancy Rate
- 5
- Total Number of Units
- 2
- Unit Name
- 1710 1712
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1970
- Roof
- Composition
- Site Features
- Deck, Fenced-Fully, High Speed Internet
- Electric Expenses
- 3000
- Energy Source
- Electric
- School District
- Olympia
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $3,700
- Gross Scheduled Income
- $44,400
- Vacancy Rate
- 5
- Gross Adjusted Income
- $42,180
- Tax Year
- 2026
- Insurance Expense
- $1,501
- W/S/G Expenses
- $2,400
- Total Expenses
- $10,082
- Net Operating Income
- $32,097
- Gross Rent Multiplier
- 11.26
- Cap Rate
- 6.42
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.