USAWAOlympiaOlympia521 & 523 Boulevard Rd Se
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New
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$450,950

For Sale

3 days ago

521 & 523 Boulevard Rd Se, Olympia, WA

House

MLS® 2562735

4 Bed

2 Bath

1588 sqft

2 Parking

  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 1588 sqft
Garage No
Taxes $4,658
Days Active 2
Lot Size 0.13269999623298645 Acres
Approx. Age 1962
Avg. Price Per Sqft $283
MLS® Number 2562735

Property Address: 521 & 523 Boulevard Rd Se, Olympia, WA, 98501-1909

Average square foot calculated using Size range provided by listing agent.

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 alos for sale. 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 on a month to month for a VERY low rent of $787.50). Each residence includes an adjacent carport. Developers and investors will appreciate the flexibility, purchase the adjacent lot and build 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! Each lot is 5, 779 square feet. 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! The cap rate, GSI, etc., are based on unit 521 being rented for the same amount as unit 523.
MLS® Number2562735
Laundry Level
Central VacNo
FireplaceNo
Acreage0.1327
Exterior
GarageNo
Approx. Age1962
BasementNone
DrivewayAttached Carport
Garage Spaces
HeatBaseboard
A/CNone

Extras

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

Rooms

Change to metres

Other:Main FloorNot available
Other:Main FloorNot available
Other:Main FloorNot available
Other:Main FloorNot available
Living Room:Main FloorNot available
Utility Room:Main FloorNot available
Other:Main FloorNot available

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 31, 2026List Date
$450,950List Price
  • Commute

Commute

Starting Address
Destination Address
521 & 523 Boulevard Rd Se, Olympia, WA

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