231 Thomas Street NW Olympia, WA $ 495,000
231 Thomas Street NW
$ 495,000
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231 Thomas Street NW

Olympia, WA, 98502
$ 495,000
Baths0.0 Sq 1,120

Monthly Estimate*

$ 3,458

Listed by Group 7 Inc., Real Estate Serv
231 Thomas Street NW, Olympia, WA 98502 - Image 1
231 Thomas Street NW, Olympia, WA 98502 - Image 2
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231 Thomas Street NW, Olympia, WA 98502 - Image 9
231 Thomas Street NW, Olympia, WA 98502 - Image 10
231 Thomas Street NW, Olympia, WA 98502 - Image 11
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231 Thomas Street NW, Olympia, WA 98502 - Image 14
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231 Thomas Street NW, Olympia, WA 98502 - Image 16
Studio

Multi-Family Home for sale in Olympia, WA

for $495,000. This 1,120 square foot home was built in 1948 on a lot size of 0.1263.

Great starter or investment home! Live in one side and collect rent from the other. Units feature wall to wall carpet covering hardwood floors, there are built-ins and archways in this charming 1948 duplex with detached double car garage giving a single bay to each unit. Separately metered utilities and electricity. Basically no vacancy over the years. Great West-side location and schools. Across the street from Woodruff Park! Unit at 231 will give notice to vacate within 60 days of closing. All leases are month to month.

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Multi-Family Pending

Price

$ 495,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 3,937

Style

Duplex

Lot Size

0.1263

Year Built

1948

Town/City

Olympia

County/Region

Thurston

MLS | Web ID

2226613

Features
General
Interior Features Hardwood Wall to Wall Carpet
Sewer Sewer Connected
Heating Forced Air
Cooling None
Possession Closing
Roof Composition
Exterior Features Wood
HOA 0
Year Built 1948
View See Remarks Territorial
Property SubType Multi-Family
Tax Year 2024
County Thurston
Net Operating Income 19518
Insurance Expense 905
New Construction N
Property Type Residential Income
HOA / Comm Assn N
Subdivision Name Westside
Possible Use Multi-Family
Special Listing Conditions None
Status Pending
Directions From downtown Olympia take Olympic Way to Harrison Ave NW to right on Thomas St to home on left.
High School Capital High
City Olympia
Buyer Agent Compensation 2.5
View Y/N Y
Senior Community Y/N N
High School District Olympia
Open Parking Spaces 2
Total Units 2
MLS Area 444 - Olympia Westside
Lot Size Square Feet 5500
Waterfront Y/N N
Carport Spaces 0
Carport Y/N N
Street Name Thomas
Listing Terms Cash Out Conventional FHA VA Loan
Elementary School Garfield Elem
Tax Annual Amount 3937
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Jefferson Mid
Public Remarks Great starter or investment home! Live in one side and collect rent from the other. Units feature wall to wall carpet covering hardwood floors there are built-ins and archways in this charming 1948
Leasable Area 1120
Structure Type Duplex
Building Area Units Square Feet
Standard Status Pending
Water Company City of Olympia
Units Below Grade false
Units In Building Total 2
Zoning Class Multi-Family
Water Sewer Garbage 0
Property Style 52 - Duplex
Cap Rate 3.94
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Interior
Flooring Hardwood Vinyl Carpet
Total Fireplaces 0
Total Stories 1
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Street
Bedrooms Possible 1
Living Area Units Square Feet
Power Production Type Natural Gas
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Exterior
Lot Features Adjacent to Public Land Curbs Paved Sidewalk
Water Source Public
Total Parking 4
Foundation Details Poured Concrete
Building Area Total 1120
Lot Dimensions 50' x 110'
Lot Size Acres 0.1263
Lot Size Units Square Feet
Covered Spaces 2
Open Parking Y/N Y
Irrigation Water Rights Y/N N
Site Features Cable TV High Speed Internet
Parking Uncovered Spaces 2
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Internal Only
OriginalMLSID NWM2226613
Street Number 1 231
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* Excluded Features
List By
Betty L Bailey

Listing Agent

Group 7 Inc., Real Estate Serv

Broker

Affordability Calculator

$3,786
Per Month
91%
9%
0%
Monthly Principal & Interest
$3,458
Monthly Property Taxes
$328
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
257400 Elementary School
258495 Middle School
Capital High High School
Pricing History
DatePricePrice ChangeDescription
4/24/2024$495,000 Listed Price

Map


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231 Thomas Street NW, Olympia, WA, 98502 is a Multi-Family Home for sale at $495,000 with 1,120 sqft and a lot size of 0.1263. 231 Thomas Street NW is a studio with 0.0 baths and was built in 1948. The property's zip code is 98502 which is in Olympia, WA