1821 Water Street SW, Olympia, WA 98501 (MLS # 2317503)
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Listing provided courtesy of Northwest MLS; John L. Scott Olympia
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This property features two rentable units: a historic main home with tons of upside potential and a fully rebuilt accessory dwelling unit (ADU) that feels like a standalone fully functional home. The main home would rent well as is but also offers a great opportunity for value-add renovations to maximize rental income and drive sweat equity. The modern ADU, rebuilt in 2002, features high-end finishes, ADA accessibility, a functional floorplan, large windows, and a recently reinforced wraparound deck. Both units can generate steady income, and the property's prime location near Capitol Lake, downtown, and unique historic homes makes it a highly desirable location. Perfect for investors looking for strong rental demand and upside potential.
| DAYS ON MARKET | 4 | LAST UPDATED | 12/19/2024 |
|---|---|---|---|
| TRACT | Capital Campus | YEAR BUILT | 1910 |
| COMMUNITY | Capital Campus | COUNTY | Thurston |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Buyer To Verify |
|---|---|
| Jr. High School | Buyer To Verify |
| High School | Buyer To Verify |
| ADDITIONAL DETAILS | |
| AIR | Heat Pump |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 447 - Olympia North |
| CONSTRUCTION | Cement Siding, Wood Siding |
| HEAT | Ductless , Electric, Forced Air, Natural Gas |
| INTERIOR | Ceramic Tile, Hardwood, Laminate, Wall to Wall Carpet |
| LOT | 0.7443 acre(s) |
| LOT DESCRIPTION | Paved, Sidewalk |
| PARKING | RV Access/Parking |
| STORIES | 2 |
| STYLE | 52 - Duplex |
| SUBDIVISION | Capital Campus |
| TAXES | 5852 |
| UTILITIES | Cable Available, Sewer Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Lake, Territorial |
| WATER | Public |
| WATERFRONT | Yes |
| WATERFRONT DESCRIPTION | Lake |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 12/23/24 11:22 AM PST. 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.
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