1821 Water ST SW, Olympia, WA 98501 - MLS#2317503 - James Heintz

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James Heintz

jamesheintz61@gmail.com +1(360) 319-4894

Listed by John L. Scott Olympia

$625,000

Est. payment - /mo

4 Beds

2.75 Baths

2,352 SqFt

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UPDATED:

12/26/2024 02:18 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 2,352 sqft

Price per Sqft $265

Subdivision Capital Campus

MLS Listing ID 2317503

Style 52 - Duplex

Bedrooms 4

Year Built 1910

Annual Tax Amount $5,852

Lot Size 0.744 Acres

Property 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.

Location

State WA

County Thurston

Area 447 - Olympia North

Interior

Interior Features Ceramic Tile, Hardwood, Laminate, Wall to Wall Carpet

Flooring Ceramic Tile, Hardwood, Laminate, Carpet

Fireplace false

Exterior

Exterior Feature Cement Planked, Wood, Wood Products

Amenities Available Cable TV, Deck, High Speed Internet, Patio, RV Parking

Waterfront Description Lake,No Bank

View Y/N Yes

View Lake, Territorial

Roof Type Composition

Building

Lot Description Paved, Sidewalk

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 Out, Conventional, FHA, State Bond, VA Loan

Listing Terms Cash Out, Conventional, FHA, State Bond, VA Loan

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James Heintz

+1(360) 319-4894

Broker | License ID: 18669

Broker License ID: 18669