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About the Listing 9861 - 98282
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 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!
Listing Highlights
Interior Details
- Bedrooms: 4
- Bathrooms: 2 Full
- Appliances: Refrigerator, Stove(s)/Range(s), Refrigerator(s)
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: Vinyl,Vinyl Plank,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Water Heater,Master on Main
- Water: City of Olympia
Exterior Details
- Lot Description: Paved,Built On Lot,Outbuildings
- Garage Capacity: N/A
- Parking Spaces: 2
- Lot Dimensions: 110 x 53 & 110 X 53
- Roof: Composition
- Others: Wood
- Sewer: City of Olympia
- Parking Features: Attached Carport
Financial Details
- Tax Amount: $6,482
- Taxes w/Assessments: N/A
- Tax/Property ID: 48800100900
- Tax Year: 2026
Payment Calculator
Monthly Payment
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Questions About..
521 & 523 Boulevard Rd SE Olympia, WA 98501
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