101 2nd Avenue NW

Olympia, WA 98512

  • Bed

  • Bath

  • 2244 SqFt

  • 20 DOM

  • Built: 1930

  • Status: Active

$599,000

X

101 2nd Avenue NW

Olympia 98512

$599000

  • Bed

  • Bath

  • 2244 SqFt

  • 20 DOM

  • Built: 1930

  • Status: Active

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Srinivas Kasam

CEO & Founder

(650)533-3259

High-Performing duplex in prime Tumwater location. Moments from the Craft District this fully detached duplex offers exceptional rental income and long-term upside. The refreshed 3-bed, 1-bath main home is leased at $2,657/month through May 2026, while the detached 1-bed 1-bath ADU is vacant and ready for new tenants or owner occupancy. NOI tops $45K/year when fully leased—some of the strongest returns in the county! Ideal for investors seeking a reliable asset or buyers interested in house-hacking with flexibility. Excellent access to I-5, Brewery Park at Tumwater Falls, schools, and local amenities. Strong tenant, solid lease in place, and room to increase total yield on the ADU. Top-tier opportunity in one of the areas strongest markets.

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Residence Information

  • 2244

  • Composition

  • 52 - Duplex

  • 1930

  • Block, Concrete Ribb

Features and Utilities

  • Wood, Wood Products

  • Public

  • Sewer Connected

  • 0

Financial

  • 2977

  • Cash Out, Conventional

  • 09-15-2025

Comparable Information

  • 20

  • 20

  • Cash Out, Conventional

  • $599,000

  • $599,000

  • Oct 05, 2025 22:01

Schools

Elementary : Tumwater Hill E N/A Ratings
Middle : Tumwater Mid N/A Ratings
High : A G West Black N/A Ratings

Map

Listing courtesy of Coldwell Banker Evergreen.

The content relating to real estate for sale on this site comes in part from the IDX program of the NWMLS of Seattle, Washington. Real Estate listings held by brokerage firms other than this firm are marked with the NWMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2025 NWMLS of Seattle, Washington. All information provided is deemed reliable but is not guaranteed and should be independently verified. Kasamestates data last checked: Nov 05, 2025 20:07 | Listing last modified Oct 05, 2025 22:01. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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