$465,000

0 Beds 0 Baths 1,422 SQFT 0.14 Acres

Type: Multi-Family

2511 -2513 Prospect Avenue NE # 13
Olympia, WA 98506

MLS#: 2483632

Presented by: Signature Service RE Olympia and NWMLS

Property Description

Wise investment. Fair value duplex in an established, desirable NE Olympia neighborhood that is very close to all conveniences and I-5. Responsible, long term tenants who want to stay on. First floor tenant's lease expires in July 2026. Second floor tenant's lease expires at the end of August. Five off the street parking spots. Each unit has its own yard and garden space (tenant maintained) with a fence delineating each portion. Gas furnaces in each unit. Some recent updates. Tile floors + shower, engineered hardwood, not the cheap materials traditionally used in rentals. Updated electric wiring, insulated attic and crawl space, composition roof in good condition. First floor #2513 is the larger unit with large main bedroom and half en suite bath. Also, large living room, kitchen, laundry room, full second bathroom and back door entry into a mud room. Second floor unit is smaller and consists of main bedroom, kitchen, living room and a little reading/meditation nook.

Interior Features

Bedrooms

Bedrooms Possible2

Bedrooms Upper0

Bathrooms

Baths Full Upper0

Baths Half Upper0

Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NNo

Fireplace Y/NNo

FlooringCeramic Tile, Hardwood, Vinyl, Carpet

Heating Y/NYes

Power Production TypeElectric, Natural Gas

Total Fireplaces0

Total Stories2

General

Building Area Units0 sqft

Building NamePhoenix Park

Cap Rate5.39

Carport Spaces0

Carport Y/NNo

CityOlympia

CoolingNone

CountyThurston

DirectionsMartin Way South, Right on Phoenix, Left on Prospect to house on Left.

Electric Expense0

Elementary SchoolBuyer To Verify

Fuel Expense0

Garage Spaces0

HOANo

HOA Fee$0

HeatingForced Air

High SchoolBuyer To Verify

High School DistrictOlympia

Insurance Expense1715

Leasable Area1,440 sqft

Listing TermsCash, Conventional, FHA, VA Loan

Living Area0 sqft

Lot Size Square Feet6,300 sqft

Lot Size UnitsSquare Feet

MLS Area447 - Olympia North

Middle/Junior High SchoolBuyer To Verify

NWM_ShowMapLinkY

Net Operating Income24535

New ConstructionNo

Number Of Units Total2

PossessionSee Remarks, Subject to Tenant Rights

Property ConditionVery Good

Property Style52 - Duplex

Property SubtypeMulti Family

Property TypeResidential Income

Public RemarksWise investment. Fair value duplex in an established, desirable NE Olympia neighborhood that is very close to all conveniences and I-5. Responsible, long term tenants who want to stay on. First floor t

RoofComposition

Security FeaturesPartially Fenced

Senior Community Y/NNo

SewerSeptic Tank

Special Listing ConditionsNone

Standard StatusActive

StatusActive

Structure TypeDuplex

Subdivision NameOlympia

Tax Annual Amount$4,950

Tax Year2026

Unit Number13

Units Below Gradefalse

Units In Building Total2

ViewCity

Virtual TourClick here

Water CompanyCity of Olympia

Water Sewer Garbage600

Year Built1901

Exterior

Building Area Total1,422 sqft

Covered Spaces0

Exterior AmenitiesWood, Wood Products

Foundation DetailsPillar/Post/Pier

Irrigation Water Rights Y/NNo

Lot Dimensions59x105

Lot FeaturesPaved

Lot Number3

Lot Size Acres0.1446

Parking Uncovered Total5

Site FeaturesCable TV, Fenced-Partially, Gas Available, High Speed Internet

Water SourcePublic

Waterfront Y/NNo

Additional Details

Price History

Schools

High School Buyer To Verify High School

Elementary School Buyer To Verify Elementary School

Middle School Buyer To Verify Middle School

Similar Properties

$465,000

0 Beds 0 Baths 1,422 SQFT 0.14 Acres

Type: Multi-Family

2511 -2513 Prospect Avenue NE # 13
Olympia, WA 98506

MLS#: 2483632

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Property

$465,000

2511 -2513 Prospect Avenue NE # 13Olympia, WA 98506

Property Description

Interior Features

Bedrooms

Bathrooms

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$465,000

2511 -2513 Prospect Avenue NE # 13Olympia, WA 98506

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2511 -2513 Prospect Avenue NE # 13
Olympia, WA 98506

2511 -2513 Prospect Avenue NE # 13
Olympia, WA 98506