2009 Water Street Sw, Olympia, WA 98501

Olympia
Local realty services provided by:ERA Skyview Realty
Listed by: spence weigand, nate burgher
Office: virgil adams real estate, inc.
MLS#:2499842
Source:NWMLS
2009 Water Street Sw,Olympia, WA 98501
$599,900
  • - Beds
  • - Baths
  • 1,316 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$599,900
  • Price per sq. ft.:$455.85

About this home

Rare opportunity in the prestigious South Capitol neighborhood! This renovated duplex is located on a quiet street just 5 blocks from the State Capitol campus and minutes from the markets and restaurants of downtown Olympia. Situated next to a serene pocket park, the property offers a peaceful setting with a strong cap rate and ATTRACTIVE OWNER FINANCING. Large picture windows provide fantastic natural light and beautiful territorial views with pleasant spots to gaze at Capitol Lake through the surrounding tall trees. The upper unit features gorgeous refinished red oak floors and a working wood stove for cozy evenings. The lower unit includes a private deck perfect for relaxing. Both units are small and highly practical, offering 1 bedroom and 1 bathroom each. The kitchens are bright with new countertops, plenty of storage, and dedicated eating spaces. Modern upgrades include new water heaters and stacked washer and dryer systems in both units. With rents increased in the last year,...

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Home facts

  • Year built:1940
  • Listing ID #:2499842
  • Updated:April 06, 2026 at 12:35 AM

Rooms and interior

  • Flooring:Hardwood, Vinyl Floor
  • Living area:1,316 sq. ft.

Heating and cooling

  • Heating:Baseboard, Free Standing Stove Heat

Structure and exterior

  • Roof:Composition
  • Year built:1940
  • Building area:1,316 sq. ft.
  • Lot area:0.64 Acres
  • Lot Features:Curbed Lot, Paved, Sidewalk
  • Construction Materials:Wood Exterior Finish
  • Exterior Features:Deck, Patio

Schools

  • High school:Olympia High
  • Middle school:Wash Mid
  • Elementary school:Lincoln Elementary

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$599,900
  • Price per sq. ft.:$455.85
  • Tax amount:$5,112 (2026)

Features and amenities

  • Amenities:Cable TV, Gas Available, High Speed Internet
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