521 & 523 Boulevard RD SE, Olympia, WA 98501
521 & 523 Boulevard RD SE, Olympia, WA 98501
521 & 523 Boulevard RD SE, Olympia, WA 98501
521 & 523 Boulevard RD SE, Olympia, WA 98501
521 & 523 Boulevard RD SE, Olympia, WA 98501
521 & 523 Boulevard RD SE, Olympia, WA 98501
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Jim Ecklund

Jim Ecklund

+1(406) 315-1186
Listed by:Keller Williams Realty PS • Julia Galleher
$ 499,950
Est. payment | /mo

4 Beds

2 Baths

1,588 SqFt

Save
$ 499,950
Est. payment | /mo
Save

4 Beds

2 Baths

1,588 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,588 sqft

Price per Sqft $314

Subdivision Olympia

MLS Listing ID 2516854

Style 10 - 1 Story

Bedrooms 4

Full Baths 2

Year Built 1962

Annual Tax Amount $6,482

Lot Size 0.265 Acres

Lot Dimensions 110 x 53 & 110 X 53

Property Sub-Type Single Family Residence

Property Description

RARE OLYMPIA INVESTMENT + DEVELOPMENT OPPORTUNITY! Two 2-bedroom, 1-bath rental homes PLUS a separate adjacent 5,779 sq. ft. building lot—all offered together at $499,950. Live in one, rent both, or explore future development possibilities while maintaining existing rental income. 523 Boulevard Rd SE is 769 sq. ft., built in 1962, and features a newer roof, siding and flooring. It was rented for $1,670/month. 521 is 839 sq. ft., built in 1965, and offers additional upside with some TLC; current rent is well below market at $787.50/month on a month-to-month basis. Each home includes a carport. The adjacent lot offers exciting potential for investors and developers. Explore building while retaining rental income, or investigate condominiumization or short-plat possibilities for individual resale. Alley access may provide additional flexibility (buyer to verify). Each lot is approximately 5,779 sq. ft. and zoning allows 4–8 units per acre. Commercial zoning is nearby on the other side of the street. Recent property-management inspections are available upon request. Combined square footage of both residences is reflected in the listing. Taxes: $4,658.11 for 521/523 and $1,824.27 for the additional lot. Please do not disturb tenants. Interior viewing of 521 upon mutual acceptance. Two homes. Two lots. Existing income. Future potential—all for $499,950!

Location

State WA

County Thurston

Area 447 - Olympia North

Rooms

Basement None

Main Level Bedrooms 4

Interior

Interior Features Water Heater

Flooring Vinyl, Vinyl Plank, Carpet

Fireplace false

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

Exterior

Exterior Feature Wood

Amenities Available Outbuildings

View Y/N Yes

View Territorial

Roof Type Composition

Building

Lot Description Paved

Story One

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Buyer To Verify

Middle Schools Buyer To Verify

High Schools Buyer To Verify

School District Olympia

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
Jim Ecklund

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(406) 315-1186

jim@ecklundproperties.com

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521 & 523 Boulevard RD SE