521 & 523 Boulevard RD SE, Olympia, WA 98501
521 & 523 Boulevard RD SE, Olympia, WA 98501
521 & 523 Boulevard RD SE, Olympia, WA 98501
521 & 523 Boulevard RD SE, Olympia, WA 98501
521 & 523 Boulevard RD SE, Olympia, WA 98501
521 & 523 Boulevard RD SE, Olympia, WA 98501
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Bettina Gese

Bettina Gese

+1(253) 380-2543
Listed by:Keller Williams Realty PS • Julia Galleher
$ 599,950
Est. payment | /mo

4 Beds

2 Baths

1,588 SqFt

Save
$ 599,950
Est. payment | /mo
Save

4 Beds

2 Baths

1,588 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,588 sqft

Price per Sqft $377

Subdivision Olympia

MLS Listing ID 2516854

Style 10 - 1 Story

Bedrooms 4

Full Baths 2

Year Built 1962

Annual Tax Amount $6,482

Lot Size 0.265 Acres

Lot Dimensions 110 x 53 & 110 X 53

Property Sub-Type Single Family Residence

Property Description

Outstanding opportunity in a highly desirable Olympia location! Featuring two income-producing 2-bedroom, 1-bath homes on one lot, plus a separate adjacent building lot zoned 4–8 units per acre. Currently rented, offering immediate returns with future upside. 523 is 769 sq. ft., built in 1962, and has been updated with a newer roof, flooring, and siding, and rented for $1,670.00 a month, while the front home, 521, is 839 sq. ft., built in 1965, and presents an opportunity for improvement with some TLC (currently rented for a VERY low rent of $787.50). Each residence includes an adjacent carport. Developers and investors will appreciate the flexibility—build on the additional lot while maintaining rental income, or explore options to condominiumize or short-plat for individual resale, with alley access available (buyer to verify). A rare combination of location, income, and development potential! The listing reflects the combined sq. footage of 521 and 523, and each lot is 5,779 square feet. Taxes are $4,658.11 for 521 and 523, $1,824.27 for the lot. Recent inspections have been completed and are available upon request. Do not disturb the tenants. Viewing of the interior will be upon mutual acceptance of the offer. What a great investment!

Location

State WA

County Thurston

Area 447 - Olympia North

Rooms

Basement None

Main Level Bedrooms 4

Interior

Interior Features Water Heater

Flooring Vinyl, Vinyl Plank, Carpet

Fireplace false

Appliance Refrigerator, Stove(s)/Range(s)

Exterior

Exterior Feature Wood

Amenities Available Outbuildings

View Y/N Yes

View Territorial

Roof Type Composition

Building

Lot Description Paved

Story One

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Buyer To Verify

Middle Schools Buyer To Verify

High Schools Buyer To Verify

School District Olympia

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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Bettina Gese
Bettina Gese

+1(253) 380-2543

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521 & 523 Boulevard RD SE