1022 Bethel Street Ne, Olympia, Wa 98506

WA, Olympia
$690,000
  • 2,736 Sqft
  • Residential Income Property Type
  • 1994 Year Built
  • Closed Status
Property Description

Wonderfully maintained 3BR/2.5 bath each side. Same owner for over 20 years has maintained the units carefully. Roof, gutters and Hardi-Plank siding approximately 2014. FAG furnace and hot water heaters have been updated. Back patio, fenced yards. Long term tenants pay very low rents. Income was not a concern of current owner/family trust. Both tenants are on a month to month lease. POTENTIAL ALERT: Similar duplexes in age, size, 3/2.5, condition and nbrhd sold in October 2023 for $735,000 and $740,000 respectively both with rents of $1900 and $2200 per side. Cap rate reflects that owner currently pays W/S/G to offset cost of irrigation water, could be modified in several ways. This would make a wonderful owner occupied duplex.

Source: NWMLS
Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 2214311
  • Price: $690,000
  • View: City
  • Square Footage: 2,736 Sqft
  • Year Built: 1994
  • Lot Area: 0.17 Acre
  • Status: Closed
  • Office Name: Coldwell Banker Evergreen
  • Agent Name: Mary Sears
  • Property Sub Type: Multi-Family
  • Roof: Composition
Features
  • Heating System Forced Air
  • Cooling System None
  • Exterior Features Cement Planked
  • Flooring Carpet, Vinyl
  • Interior Features Wall to Wall Carpet
  • Sewer Sewer Connected
Address Map
  • Country US
  • State WA
  • County Thurston
  • City Olympia
  • Zipcode 98506
  • Street: Bethel
  • Street Number: 1022 & 1026
  • Street Suffix: Street
  • Longitude: W123° 6' 55.5''
  • Latitude: N47° 3' 11.9''
  • Directions: North on Puget, Right on Pine, Right on Bethel to 1022, second building on your left.
  • Mls Area Major: 447 - Olympia North
  • Street Dir Suffix: NE
Neighborhood
  • Elementary School: Roosevelt Elementary
  • High School: Olympia High
  • High School District: Olympia
  • Middle School: Reeves Mid
Additional Information
  • Water Source: Public
  • Stories Total: 2
  • Possible Use: Multi-Family
  • On Market Date: 2024-03-27
  • Number Of Units Total: 2
  • Foundation Details: Poured Concrete
Financial
  • Tax Annual Amount: 4972
Listing Information
  • List Agent Mls Id: 773476
  • List Office Mls Id: 190
  • Listing Term: Cash Out,Conventional
  • Mls Status: Sold
  • Modification Timestamp: 2024-09-05T12:48:37Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2024-05-18T11:35:14Z
Rene  Orona
Rene Orona SKYLINE PROPERTIES, INC.
  • +1-425-891-8162
  • rene@brokerofrealestate.com
  • 50 116TH AVE SE STE 120 Bellevue, WA 98004, United States
  • +1-425-732-9211

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