521 Boulevard Road Se, Olympia, WA 98501

Olympia
Local realty services provided by:RSVP Brokers ERA
Listed by: julia galleher
Office: keller williams realty ps
MLS#:2517453
Source:NWMLS
521 Boulevard Road Se,Olympia, WA 98501
$575,000
  • - Beds
  • - Baths
  • 1,588 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$575,000
  • Price per sq. ft.:$362.09

About this home

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 $1,670.00 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...

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Home facts

  • Year built:1962
  • Listing ID #:2517453
  • Updated:June 20, 2026 at 12:31 AM

Rooms and interior

  • Flooring:Carpet, Vinyl Floor, Vinyl Plank
  • 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

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:$575,000
  • Price per sq. ft.:$362.09
  • Tax amount:$6,482 (2026)

Parking

  • Total parking spaces:4
  • Carport spaces:2
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