MLS #2517453 / Listing provided by NWMLS & Keller Williams Realty PS.
$599,950
521 & 523 Boulevard Road SE
Olympia,
WA
98501
Sq Ft
Per Sq Ft
Year Built
Outstanding opportunity in a highly desirable Olympia location! Featuring two income-producing 2-bedroom, 1-bath homes on one lot, plus a separate adjacent building lot zoned 4–8 units per acre. Currently rented, offering immediate returns with future upside. 523 is 769 sq. ft., built in 1962, and has been updated with a newer roof, flooring, and siding, and rented for $1,670 a month, while the front home, 521, is 839 sq. ft., built in 1965, and presents an opportunity for improvement with some TLC (currently rented for a VERY low rent of $787.50). Each residence includes an adjacent carport. Developers and investors will appreciate the flexibility—build on the additional lot while maintaining rental income, or explore options to condominiumize or short-plat for individual resale, with alley access available (buyer to verify). A rare combination of location, income, and development potential! The listing reflects the combined sq. footage of 521 and 523, and each lot is 5,779 square feet. Taxes are $4,658.11 for 521 and 523, $1,824.27 for the lot. Recent inspections have been completed and are available upon request. Do not disturb the tenants. Viewing of the interior will be upon mutual acceptance of the offer. What a great investment!
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Upper Level Bedrooms: 0
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: Yes
- Cooling: No
Parking
- Garage Spaces: 0
- Parking Total: 4
- Total Uncovered Parking Spaces: 2
Structure
- Roof: Composition
- Exterior Features: Wood
- Foundation: Pillar/Post/Pier
Lot Details
- Lot Features: Paved
- Acres: 0.2653
- Foundation: Pillar/Post/Pier
Schools
- High School District: Olympia
- High School: Buyer To Verify
- Middle School: Buyer To Verify
- Elementary School: Buyer To Verify
Lot Details
- Lot Features: Paved
- Acres: 0.2653
- Foundation: Pillar/Post/Pier
Power
- Energy Source: Electric
- Power Company: PSE
Water, Sewer, and Garbage
- Sewer Company: City of Olympia
- Sewer: Sewer Connected
- Water Company: City of Olympia
- Water Source: Public
- Water, Sewer, and Garbage: 0
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