USAWATumwaterTumwater Hill101 2Nd Ave Sw
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$495,000

For Sale

A month ago

101 2Nd Ave Sw, Tumwater, WA

House

MLS® 2573230

4 Bed

2 Bath

1322 sqft

1 Parking

  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 1322 sqft
Garage 
Taxes $2,977
Days Active 45
Lot Size 0.1362 Acres
Approx. Age 1930
Avg. Price Per Sqft $374
MLS® Number 2573230

Property Address: 101 2nd Ave Sw, Tumwater, WA, 98512-6504

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

Description

Two homes in one great property! Recently refreshed 3-bedroom main home is warm and inviting, with a fully detached 1-bedroom, 1-bath ADU offering a second, completely separate place to live or rent. Just off Tumwater’s historic core, near the Craft District, Brewery Park at Tumwater Falls, parks, trails and local schools, this is one of those properties where the options are the story. Live in the main home and rent the ADU. Live in the ADU and rent the larger home. Or rent both and let the numbers work for you. Current combined rents are $4, 532/month, or $54, 384/year. Seller-provided figures show $45, 313 NOI and an approx. 8.4% cap rate based on current offering terms. Even with 20% down and conventional financing, current income and expenses show potential for positive cash flow. For an owner-occupant, rental income could offset a meaningful part of the monthly payment. For an investor, you have two rentable homes with established income. Major updates throughout! Roof of the ADU is brand new, and windows in the main house have been replaced. The location makes everyday life easy, with recreation, restaurants, schools and downtown Olympia nearby, plus direct access to I-5 for commuting north or south. Spend the morning walking Tumwater Falls, head to the Craft District for dinner. Two detached homes, established income, everyday livability and more than one smart way to own it. Investor, first time buyer or downsizing? This is the property you have been waiting for!
MLS® Number2573230
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1930
BasementNone
DrivewayDetached Carport
Garage Spaces
HeatWall Furnace
A/CNone

Extras

Refrigerator(s), See Remarks

Rooms

Change to metres

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

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 27, 2026List Date
$495,000List Price
  • Commute

Commute

Starting Address
Destination Address
101 2Nd Ave Sw, Tumwater, WA

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