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Listed price in listed location currency (USD).
$599,950

422

MLS® 2516854

  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 1588 sqft
Garage No
Taxes $6,482
Days Active 1
Lot Size 0.2653 acres
Approx. Age 1962
Avg. Price Per Sqft $377
MLS® Number 2516854

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. 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!
MLS® Number2516854
Laundry Level
Central VacNo
FireplaceNo
Acreage0.2653
Exterior
GarageNo
Approx. Age1962
BasementNone
DrivewayAttached Carport
Garage Spaces
Heat
A/C
Heating Fuel

Extras

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

Rooms

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

Price History

-End Date
Not Sold YetSold Price

For Sale

May 1, 2026List Date
$599,950List Price
  • Commute

Commute

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

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