521 Boulevard Road Se, Olympia, WA 98501

Olympia
Local realty services provided by:Knipe Realty ERA Powered
Listed by: julia galleher
Office: keller williams realty ps
MLS#:2516854
Source:NWMLS
521 Boulevard Road Se,Olympia, WA 98501
$499,950
  • 4 Beds
  • 2 Baths
  • 1,588 sq. ft.
  • Single family
  • Active

Price summary

  • Price:$499,950
  • Price per sq. ft.:$314.83

About this home

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...

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Home facts

  • Year built:1962
  • Subdivision & Development:Olympia
  • Listing ID #:2516854
  • Updated:September 18, 2026 at 11:32 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Full bathrooms:2
  • Flooring:Carpet, Vinyl Floor, Vinyl Plank
  • Kitchen Description:Refrigerator
  • Bedroom Description:Main Level Bedrooms : 4
  • Basement:Yes
  • Living area:1,588 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Composition
  • Year built:1962
  • Building area:1,588 sq. ft.
  • Lot area:0.27 Acres
  • Lot Features:Paved
  • Construction Materials:Wood Exterior Finish
  • Foundation Description:None
  • Levels:1 Story

Schools

  • High school:Buyer To Verify
  • Middle school:Buyer To Verify
  • Elementary school:Buyer To Verify

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$499,950
  • Price per sq. ft.:$314.83
  • Tax amount:$6,482 (2026)

Features and amenities

  • Appliances:Refrigerator
  • Amenities:Water Heater

Parking

  • Total parking spaces:2
  • Parking description:Attached Carport
  • Carport spaces:2
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of September 18, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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