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Listed by Virgil Adams Real Estate, Inc.

Listing courtesy of NWMLS

2009 2011 Water Street SE

Olympia, WA 98501

LISTING

FEATURED

$595,000

Active

1,316

Sq.Ft.

0.64

Acres

1940

Yr. Built

MLS# 2410463

Cumulative Days on Market: 3 (since July 28th, 2025) Data provided by the MLS.

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Property Description

What a stellar South Capitol location with great views of Capitol Lake! On a street of fine old homes. Modest, cozy home with elements of Old World charm and beautiful, recently refinished red oak floors. Ideal owner occupant set-up with rental income.

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Property Highlights

Price

$595,000

Property Type

Residential Income

Property Sub Type

Multi Family

Living Area

0.00

Acres

0.64

Year Built

1940

Location

Area

447 - Olympia North

County

Thurston

Subdivision

Capital Campus

View

Lake

Waterfront

Yes

Waterfront Features

Lake

Zoning Description

Multi-Family, Residential

Property Details

Price

$595,000

Property Sub Type

Multi Family

Property Type

Residential Income

Building

Stories

2

Structure Type

Duplex

Total Area

1,316

Community

Local Schools

Elementary School

Lincoln Elementary

High School

Capital High

Middle School

Wash Mid

School District

Olympia

Interior Features

Area and Spaces

Number of Units

2

Interior Features

Flooring

Hardwood, Vinyl, Carpet

Heating and Cooling

Heating Features

Baseboard, Stove/Free Standing

Building Details

Construction

Foundations

Poured Concrete

Year Built

1940

Materials

Construction Materials

Wood

Roof

Composition

Terms

Commercial

Cap Rate

4.40

Terms

Special Conditions

None

Special Terms

Cash Out, Conventional, Owner Financing

Taxes

Tax

Tax (Annual)

$4,606

Heating, Cooling & Utilities

Cooling Features

None

Utilities

Sewer

Sewer Connected

Water Source

Public

Lot

Acres

64

Lot Dimensions

50'512'104'604'

Lot Features

Curbs, Paved, Sidewalk

Lot Size Area Sq Ft

27,895

Exterior Features

Exterior Features

Wood

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All estimates and provided for informational purposes only. Actual amounts may vary. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. Information, rates, programs and loan scenarios shown are for example only as of 31-Jul-2025 and are subject to change without notice. All products are subject to credit and property approval. Not all products are available in all states or for all loan amounts. Other restrictions and limitations apply. Contact your preferred lender for the pricing associated with your specific transaction. Calculations are generated by Open Source mortgage calculation software tools using common mathematical formulas. All calculations should be independently verified. See assumptions and disclosures

Assumptions and Disclosures

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• Interest rates and APRs presented are based on current market rates, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables - call for details.
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• If mortgage insurance is required, the mortgage insurance premium could increase the APR and the monthly mortgage payment. Additional loan programs may be available.
• APR (annual percentage rate) reflects the effective cost of your loan on a yearly basis, taking into account such items as interest, most closing costs, discount points (also referred to as "points"), and loan-origination fees. One point is 1% of the mortgage amount (e.g., $1,000 on a $100,000 loan).
• Your monthly payment is not based on APR, but instead on the interest rate on your Note.
• Adjustable Rate Mortgage (ARM) rates assume no increase in the financial index after the initial fixed period. ARM rates and monthly payments are subject to increase after the fixed period.
• These special rates presented here are only available when you pre-qualify and are not guaranteed until lock-in.
• Amounts may be rounded up. Additional fees and closing costs apply. If the down payment is less than 20%, mortgage insurance may be needed, which could increase the monthly payment and APR.
• Calculations are generated by Open Source mortgage calculation software tools using common mathematical formulas. All calculations should be independently verified.
• Please contact a loan specialist to get specific payment examples and information regarding your particular needs.

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Property History

3 days ago

Property information last updated

3 days ago

Status Active. This is the date the listing was placed on market.

Cumulative Days on Market: 3 (since July 28th, 2025) Data provided by the MLS.

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All listings featuring the  icon are provided courtesy of the Northwest Multiple Listing Service (NWMLS) as distributed by MLS GRID. IDX information is provided exclusively for consumers' personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. Based on information submitted to the MLS GRID as of 07/31/2025 04:20 pm. 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. Properties displayed may be listed or sold by various participants in the MLS.

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Listing Data last updated: 07/31/2025 04:20 pm

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2009 2011 Water Street SE - MLS#2410463 - $595,000

Listed by Virgil Adams Real Estate, Inc.

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