1821 Water Street SW
Olympia, WA 98501
2352 sqft | 0.74 acres | #2317503
Open Houses
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Description
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.
Property Details
- InteriorCeramic Tile, Hardwood, Laminate, Wall to Wall Carpet
- Exterior FeaturesCable TV, Deck, High Speed Internet, Patio, RV Parking
- Exterior MaterialsCement Planked, Wood, Wood Products
- Date ListedDecember 19, 2024
- ViewLake, Territorial
- Lot DescriptionPaved, Sidewalk
- FoundationPoured Concrete
- Sewer InformationSewer Connected
- Elementary SchoolBuyer To Verify
- Middle SchoolBuyer To Verify
- High SchoolBuyer To Verify
- SubdivisionCapital Campus
- Property TypeMulti-Family
- Property SubtypeMulti-Family
- Style52 - Duplex
- CountyThurston
- Original List Price$625,000
- School DistrictOlympia
- MLS #2317503
- MLS #2317503
- Acres0.7443
- Utility SourcePublic
- Taxes Annual$5,852
- Cost625000
- Structure TypeDuplex
- Square Feet2352
- Year Built1910
- Property ConditionGood
- Stories2
- Days on Market (Cumulative)2
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2024-12-20 21:00:08. 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.
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. Listings that feature the "three tree" icon are provided courtesy of NWMLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Copyright 2024 Northwest Multiple Listing Service. All rights reserved.
Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Jake DeAtley (#NWM128458)
Listing Office: John L. Scott Olympia (#NWM5877)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
