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$649,900
3 Beds 2 Baths 2571946 MLS ACTIVE Status
Welcome to your PNW paradise nestled on a hill with 5.79 acres of sloped terrain, mature trees, lush ferns, and a private nature trail. Step into history with this beautifully preserved 1935 log home featuring a rustic lodge-like living room with gorgeous original logs and exposed beams. The main floor offers a massive living room, separate dining room with original hardwood floors, updated kitchen with a garden window, and a half bath. An original wooden spiral staircase connects to the upper addition featuring 3 spacious bedrooms and a full bath. Relax in the sunroom addition with vaulted ceilings, 2 skylights, a cozy wood stove and sliding glass doors to a private patio. Maximize your investment with the detached 2 car garage with workbenches, a woodshed, and a fully equipped apt. The apt includes a full kitchen with appliances, 3/4 bath, and a bedroom ideal for rental income, multi-generational living, Airbnb, or guests. There's also a massive, covered steel RV structure with its own separate driveway. A charming "tractor" shed complete with a ramp, offers multiple uses. It could serve as a child's playhouse, garden tool and lawnmower storage or an Art studio! The courtyard is a great entertaining space convenient for both dwellings. Enjoy secluded country living on the Westside, just off Cooper Pt Rd minutes from schools, shopping, Evergreen College, and easy I-5 and 101 commuting.

3033 28th Avenue NW, Olympia

Listing courtesy of Abbey Realty Inc.

$385,000
2 Beds 1 Baths 2580342 MLS ACTIVE Status
This charming 2 bedroom, 1 bath remodeled and updated home features 1,024 sq ft of comfortable living space on a nicely sized in-town lot. The spacious living and dining area flows into the chef's kitchen with adjoining laundry and pantry space, creating a comfortable and functional layout. A detached garage to the rear of the property has been newly rewired including a new sub panel & provides additional storage space/work shot area while the yard features garden areas and fruit trees. Gather friends and family for outdoor entertaining with your own brick pizza oven. Home has a newly updated electrical panel and has been wired for a hot tub. Also included is an electric car charging station. Conveniently located, this home is a great option for either a residence or rental. Located near schools, parks, dining, shopping and JBLM.

211 Mosman Avenue SE, Yelm

Listing courtesy of Coldwell Banker Evergreen.

$485,000
3 Beds 2 Baths 2576768 MLS ACTIVE Status
Welcome to 235 Percival St SW, where charm, character, and a wonderful Olympia location come together. Located in an established neighborhood close to downtown, Capitol Lake, parks, dining, and everyday conveniences, this inviting home offers 3 bedrooms and 2 baths, including a private upstairs bedroom with its own bathroom. The flexible layout includes a basement and 1-car garage, providing plenty of room for storage, hobbies, or whatever life calls for. Forced-air heating and A/C keep things comfortable year-round. Outside is where this home really shines. Step onto the deck and enjoy the established yard, complete with an apple and a pear tree, and razzleberry bush. A fenced garden area is ready for planting and growing, creating a wonderful space to enjoy the seasons and put your green thumb to work. A home with personality, usable space, and the kind of yard that invites you to slow down and enjoy it, right in the heart of Olympia.

235 Percival Street NW, Olympia

Listing courtesy of RE/MAX Northwest.

$439,900
4 Beds 2 Baths 2579522 MLS ACTIVE Status
Charming 4-Bedroom Rambler with Mini Splits for heat & AC also has a natural gas boiler for heat on a Spacious Corner Lot. Discover this desirable 4-bedroom rambler situated on a fenced, 1/4+ acre corner lot in a convenient location close to the community pool and playground. The inviting floor plan features both a large living room and family room, with the kitchen conveniently positioned between them—a versatile layout that’s perfect for entertaining, or simply relaxing. Enjoy the character and unique touches of the home’s mid-century design, or bring your own vision and update it to suit your style. Outside, the spacious fenced yard provides plenty of room for gardening, play, pets, and outdoor activities, while the back patio creates a great spot for summer gatherings or morning coffee. With its generous lot, flexible living spaces, and desirable location, this could be the ONE you’ve been waiting for!

7112 5th Avenue SE, Lacey

Listing courtesy of Riley Jackson Real Estate Inc..

$469,900
3 Beds 2 Baths 2579157 MLS ACTIVE Status
DEVELOPER & INVESTOR OPPORTUNITY! Rare .36-acre parcel zoned MD – Moderate Density Residential, offering exciting potential for future development, investment, or owner-occupancy. This charming mid-century modern rambler offers 3 bedrooms and 1.75 bathrooms with classic character and functional living space. A unique attached addition behind the garage provides a fantastic multigenerational living opportunity with its own separate entrance, or potential for a separate rental/ADU-style living space—ideal for generating additional income or accommodating extended living. The spacious lot provides room to explore the possibilities that come with MD zoning, making this property an excellent opportunity for builders, developers, or investors looking for upside in Lacey. Live in the existing home while planning your next project, rent the property, or investigate future development options. Conveniently located near shopping, schools, parks, major roadways, and all that the Lacey/Olympia area has to offer. Properties combining a solid existing home, .36 acres, and development potential are hard to find—bring your vision and unlock the possibilities!

4543 19th Avenue SE, Lacey

Listing courtesy of BHGRE - Northwest Home Team.

$439,900
4 Beds 2 Baths 2579852 MLS ACTIVE Status
Spacious four-bedroom rambler featuring a desirable split-bedroom design that provides added separation and privacy. This charming, solidly built home offers hardwood floors, stainless steel appliances, an upgraded energy-efficient furnace and a new water heater. The spacious kitchen includes a large dining area, while the comfortable living room features a wood-burning fireplace. A convenient laundry closet makes efficient use of space. Outside, enjoy a huge fully fenced backyard, covered patio and two large storage sheds. Wide gates on both sides provide easy backyard access, with abundant parking in front and additional room for an RV or recreational vehicles. Conveniently located near schools, shopping, restaurants and freeway access.

4819 19th Avenue SE, Lacey

Listing courtesy of 1% Lists Pacific Northwest.

$399,000
2 Beds 1 Baths 2568958 MLS ACTIVE Status
Welcome to this charming 2 bedroom, 1 bathroom home, built in 1947 and full of character. Original hardwood floors and built ins add timeless appeal, while thoughtful kitchen updates and a newer roof provide practical improvements. Hardie Plank siding offers lasting durability and a classic exterior. Set on a spacious .143 acre lot, the property offers a generous side yard along with front and back outdoor spaces ready for gardening, entertaining, or simply enjoying the outdoors. Conveniently located near I-5, downtown Olympia, JBLM, Harry Fain's Legion Park, Watershed Park, and the Woodland Trail. Enjoy easy access to the Olympia Farmers Market, Hands On Children's Museum, local restaurants, and more. A great opportunity to own a home with character, outdoor space, and a convenient location.

1827 Orange Street SE, Olympia

Listing courtesy of Crafted Real Estate.

$479,000
3 Beds 2 Baths 2579366 MLS ACTIVE Status
Rare find in Olympia/Lacey Area! New 30 Year Roof ~15 mins to JBLM & minutes to schools, I-5, Starbucks, WinCo, Walmart, parks, & dining. This updated 3-bed rambler features a brand-new roof, newer furnace, & water heater. Gourmet kitchen shines with solid granite countertops, stainless steel appliances with New Washer and Dryer and New Dishwasher. Main living space offers bamboo flooring, gas fireplace, and an enclosed sunroom/bonus multi-use room. Set on an 8,702 sq ft fully fenced corner lot with street access. Parking galore: dedicated RV & boat parking, wide driveway, street space, and attached 2-car garage equipped with a 240V outlet. Location-ready! Home, Garage, Shed, Yard, RV and Boat Pad Virtually Staged.

7537 12th Avenue NE, Olympia

Listing courtesy of Riley Jackson Real Estate Inc..

$549,950
3 Beds 2 Baths 2578932 MLS ACTIVE Status
This charming 1912 Craftsman offers 2,080 square feet of flexible living space, timeless character, and excellent rental or multigenerational potential in sought-after Eastside Olympia. A covered front porch with a classic porch swing creates an inviting first impression. Inside, the spacious living room features a gas fireplace, while the formal dining room and original Craftsman millwork add warmth and architectural character throughout the main level. Natural light fills the kitchen, which connects to a versatile adjoining space currently used as an office and laundry area and equally well suited for casual dining. Just beyond, a recently updated covered Trex deck expands the living space outdoors and overlooks the private backyard. Covered storage below provides convenient space for tools, outdoor equipment, and gear. The home’s adaptable floor plan includes an upper-level bedroom and full bath, along with additional lower-level living space that can be separated from the main home for potential rental income, guest accommodation, or multigenerational living. The lower level offers its own exterior entrance, kitchen, bedroom, three-quarter bath, family room, and laundry area, with direct access to a side yard featuring garden space and a tool shed. Outdoors, there is ample room to garden, gather around the fire pit, or take advantage of the additional space beyond the fence. Ideally located just minutes from Olympia’s waterfront, restaurants, shops, and farmers market.

1405 10th Avenue SE, Olympia

Listing courtesy of Better Properties - Metro.

$599,000
3 Beds 3 Baths 2578315 MLS PENDING INSPECTION Status
HOME + STUDIO + SHED on an expansive .24-acre corner lot make this Eastside rambler an absolute gem. The single-level, 3-bedroom home features a living room, separate family-room, dining area and pairs original oak hardwood floors and fresh interior paint with a layout designed for gathering and everyday living. Stainless appliances and a gas range anchor the kitchen, while the family room centers around a gas fireplace and opens to the covered deck. Set apart from the main home, the separate 280 SF finished studio offers its own full kitchenette, 3/4 bath, loft and new mini split offering flexibility for guests, home office, rental income, creative pursuits or extended living. A detached shed adds the perfect space for storage, garden tools, and projects. Outside, fresh deck paint, new fencing, established gardens, fruit trees, terracing and a flagstone patio create distinct spaces to gather, garden and enjoy the seasons. The generous corner setting gives the property a sense of openness that is increasingly hard to find this close to downtown and Ralphs Thriftway. An attached garage and additional street-side parking add everyday convenience. With nearby transit, Olympia schools and easy access to downtown Olympia, this property delivers a rare combination of location, single-level living, flexible finished space and room to spread out. This is the ONE!

418 Frederick Street NE, Olympia

Listing courtesy of Coldwell Banker Evergreen.

$419,900
2 Beds 2 Baths 2578533 MLS ACTIVE Status
Great location! Country living close to everything. This older but sparkle clean, stick-built home has been nicely updated over the years. Tall trees scattered around this beautiful setting. Lots of room for outdoor play. Deer love to visit the 6 healthy fruit trees in the orchard. Just under an acre of flat, well drained land. More than 1,500 square feet in the home offering 2 bedrooms plus an extra bonus room/bedroom/office. Large kitchen offers lots of counter space and cabinets. Lots of space in the utility room. 1 1/2 baths. Convenient wrap-around driveway and plenty of extra parking in back. New 14x28 storage/workshop building with loft space and wired for power. Bountiful water supply from the fresh water well. Clear and cold. Private well and septic help keep monthly utility bills much lower. Excellent Rochester location and quick to I-5 exit 88 for an EZ 20 minute commute to Olympia. A great value!

18435 Elderberry Street SW, Rochester

Listing courtesy of Dream Weavers Inc..

$524,900
3 Beds 2 Baths 2575660 MLS ACTIVE Status
Don’t miss this special opportunity! This lovingly cared-for, one-owner 3-bedroom, 1.75-bath home is tucked away on a dead-end street in an established Olympia neighborhood, offering a wonderful combination of location, charm, and potential.Step inside and you’ll immediately appreciate the character that has been carefully preserved over the years, including original hardwood floors flowing throughout the living spaces. Major updates are already in place, including newer windows, a newer heat pump, an updated electrical panel, and a roof that’s only four years old. With these important systems taken care of, you can focus your time and energy on creating the kitchen and bathrooms you’ve been dreaming about.The comfortable backyard offers plenty of possibilities, with a dedicated pad for your RV or boat, a well-established garden that has been lovingly tended, and ample room to relax, garden, entertain, or simply enjoy your own outdoor space.Come see the location, explore the home, and let your imagination take it from there. With good bones, cherished character, and plenty of opportunity to make it your own, this one is ready for its next chapter.

1921 Parkwood Drive SE, Olympia

Listing courtesy of eXp Realty.

$750,000
3 Beds 2 Baths 2576390 MLS ACTIVE Status
Welcome to Stunning Summit Lake. First time on the market, great opportunity to create your own private paradise. Main level of home features living room, two bedrooms, full bath, kitchen with eating nook and upper deck wraps around from front door to full deck facing lake. Daylight basement can be accessed thru the garage or from lake front side of home. The lower floor has one bedroom, bath with shower, family room and utility area. Large, covered patio outside daylight basement, opens this floor to large grassy area, lake with private dock. Great entertaining space or just relaxing, enjoying your views. There is plenty of parking with a small one car garage and driveway space for 3-4 cars. Also, a small, attached shop area. All appliances stay. Exterior of home has been freshly painted. Come see the potential this home, property have to offer and what you can do to make it yours!!!! New pressure tank and pump just installed.

1929 Summit Lake Shore Road NW, Olympia

Listing courtesy of RE/MAX Advantage.

$950,000
3 Beds 2 Baths 2575698 MLS ACTIVE Status
Picture-perfect and set on 12.75+/- fully fenced acres in East Olympia, this gated property offers privacy, space and incredible versatility. A paved, tree-lined driveway welcomes you to the 2,891+/- sq ft home. Inside, the inviting living room features a fireplace with a stunning rock surround and built-ins. The kitchen offers abundant storage and concrete countertops. Three bedrooms and a spacious mud/laundry room are conveniently located on the main floor. The finished basement provides a comfortable family room with a wood stove, while the attic, with built-in storage, offers flexible space for a home office, hobby room or additional living area. Outside, the flat, usable acreage is well suited for horses, livestock, hay production and more. An oversized detached garage, shop with attached carport and RV parking, and spacious two-stall barn provide plenty of options for animals, hobbies or a home-based business. A rare combination of acreage, privacy and versatility in East Olympia.

3748 80th Avenue SE, Olympia

Listing courtesy of Olympic Sotheby's Int'l Realty.

$799,900
5 Beds 4 Baths 2577735 MLS ACTIVE Status
Shy 10-acre mini-farm in the desirable Tumwater School District! A fantastic opportunity for equestrian use, hobby farming, gardening, or simply enjoying room to spread out. Charming farmhouse features a double-sided fireplace 2/ gas inserts, main-floor primary bedroom, additional bedroom on the main and 3 additional bedrooms plus extra finished room upstairs, handcrafted kitchen cabinetry, and separate dining room. Efficient hydronic heat, tankless water heater, newer siding and roof (less than 10 years old). Enjoy a fabulous Mt. Rainier view from the property! Level acreage is well set up with private well, timed irrigation, and 20+ water faucets throughout the property. Large 2-car shop offers plenty of space for toys and projects, plus a spacious barn for animals and hay storage. Two greenhouses, raised garden beds, and even chickens if you'd like! Just minutes to I-5 and about 15 minutes to Tumwater shopping, dining, and schools. A rare opportunity with so much to offer!

11632 Crockett Street SW, Olympia

Listing courtesy of Abbey Realty Inc.

$1,450,000
3 Beds 3 Baths 2572068 MLS ACTIVE Status
Discover a rare 1.3-acre dual-parcel legacy estate in coveted South Bay Terrace. This 3,329-SF luxury home offers ~160 feet of low-bank saltwater frontage, a private bulkhead, and sweeping views across serene Henderson Inlet, up through Dana Passage. Ideally located near Boston Harbor and Woodard Bay Conservation Area, this sanctuary offers unrivaled access to Puget Sound’s most beautiful protected waters. Designed to frame the water from nearly every room, the home features a gourmet chef’s kitchen with granite countertops, hardwood finishes, a professional Viking range, and premium KitchenAid appliances. Expansive living areas are filled with natural light, while the daylight basement offers flexible space for multi-generational living, a home theater, or alfresco entertaining with direct access to the waterfront grounds. The finished garage features epoxy flooring with ample hobby-craft space. Fully landscaped grounds include new premium wood and wrought iron fencing, a vegetable garden, and a private orchard with mature apple, pear, and cherry trees. The children's area ensures fun for all. Rare, grandfathered assets include a floating boat dock and fully owned tidelands—providing exceptional privacy. A brand-new architectural roof and professionally permitted Generac standby generator with a 240-gallon propane system provide lasting peace of mind-whatever the season. Only minutes from Olympia's dynamic urban core, this is truly an incomparable waterfront property.

5508 South Bay Terrace Drive NE, Olympia

Listing courtesy of Realty One Group Bold.

$400,000
3 Beds 1 Baths 2572762 MLS ACTIVE Status
Exceptional opportunity for those with the foresight and resources to unlock the potential of 10 level, usable acres in Rainier. The 1945 3-bedroom, 1-bath home is a “fixer” and will require significant rehabilitation; the septic system is currently nonfunctional per a professional assessment—see listing documents. Consider the possibilities: renovate the existing home, build new, or explore other uses for the existing structures, subject to buyer verification and applicable approvals. Property includes a one-car garage, currently obscured by vegetation, plus a pole building. Oil heat with a newer oil tank. Estate sale, sold strictly as is; Seller makes no representations or warranties regarding the property’s physical condition. Fencing and outbuildings should be evaluated by Buyer.

10108 138th Avenue SE, Rainier

Listing courtesy of RE/MAX Northwest.

$1,100,000
5 Beds 4 Baths 2563873 MLS ACTIVE Status
TWO HOMES ON 22.96 ACRES WITH 3,351 SQFT IN TOTAL! This one-of-a-kind property offers space, flexibility, and endless possibilities for the buyer who wants room to live, work, and play. The beautifully appointed main residence spans 2,487 sqft with 3 bedrooms and 2.5 baths, offering comfortable living with room to grow. Along with, a one year-old roof with a 50 year warranty & SOLAR INCLUDED. A secondary permitted dwelling adds incredible versatility a 2 bed, 1 bath, 864 sqft home perfect for guests or rental income. Horse lovers will fall in love with the fully equipped equestrian setup, tack room, anchored by an impressive 12,096 sqft covered riding arena. A 864 sqft shop provides ample space for tools, hobbies, or projects, while multiple additional outbuildings offer storage or workshop space. Whether you're dreaming of a hobby farm, an equestrian training facility, multi-generational living, or simply wide-open space to spread out, this property delivers it all. With this much land, you have room for gardens, pastures, trails, or future expansion — the possibilities are truly limited only by your imagination. Located in the heart of Yelm, you'll enjoy peaceful, rural surroundings while still being within easy reach of local shopping, dining, and everyday conveniences. Properties like this, with two homes, an arena, a shop, and this much usable acreage, rarely come to market. Bring your horses, your projects and your imagination!

15810 143rd Avenue SE, Yelm

Listing courtesy of Kelly Right RE of Seattle LLC.

$675,000
4 Beds 2 Baths 2575147 MLS PENDING INSPECTION Status
Step through the original front door and into a home filled with warmth, natural light and early 20th century Craftsman character in Olympia’s historic South Capitol neighborhood. Hardwood floors, fresh interior paint, and a gas fireplace create an inviting atmosphere from the moment you walk in. A welcoming dining room connects the living room and kitchen, creating a natural flow for meals and gatherings. The kitchen features beautiful countertops, white subway tile, LG stainless appliances, gas range, and a pantry. There is abundant storage and unique built ins found throughout the home. The main level offers a spacious primary bedroom with walk-in closet and a second bedroom, while two bedrooms upstairs add welcome separation and room to spread out. The finished basement offers exceptional flexibility with interior access plus a separate entrance, 3/4 bath, living area, large flex room, and kitchenette-style bar with seating area, sink, cabinetry, ideal for multigenerational living or possible future ADU use; buyer to verify. On-demand gas water heater and owned solar panels add modern comfort and help keep energy costs low. Triple-pane windows enhance efficiency and tilt inward for easy cleaning. Outside, enjoy a fully fenced backyard, Trex deck, mature landscaping and winterized garage. Moments from the Capitol Campus, downtown, parks and Olympia’s waterfront, this home pairs historic charm with flexible living and modern convenience.

112 19th Avenue SE, Olympia

Listing courtesy of BHGRE - Northwest Home Team.

$615,000
4 Beds 4 Baths 2575752 MLS PENDING INSPECTION Status
This home, on just under a 1/4 acre in a highly desirable part of the Upper Eastside of Olympia on a quiet street of older, established homes, has been greatly cared for by original family & loved by many in the community as the lower level was a daycare for many years. Main floor is a great layout with 3 beds, 2 baths, Living Room, Dining Room, Kitchen & laundry. Enjoy the warmth of the wood stove, or the fresh air of the large back deck. The lower level, with its own exterior entrance, could be additional living space, or a rental for supplemental income. There is a bedroom, 2 1/2 baths, living room with 2nd wood fireplace, kitchenette and access to the 2car garage. In addition to the garage, there is a large lean-to on the side of the home that could fit an RV or tall boat(save on moorage @ local marinas). Several parking spaces in the freshly graveled dual driveways. The backyard has a partially fenced area that has the daycare play toys. Lovely yard space with low maintenance landscaping & beautiful old growth trees! Some updates include new interior/exterior paint, carpets, wall oven/range hood, newer roof. 2nd parcel is 1.64 acres of private, secluded land that backs up to Mission Creek Nature Park with easy access to the trail entrance. Plenty of room to stretch out while remaining within city limits & the local amenities such as the San Francisco St Bakery, coffee shops, restaurants, food trucks, theatres & popular Olympia Schools. Home wired w/ natural gas generator

1625 Ethridge Avenue NE, Olympia

Listing courtesy of RE/MAX Parkside Affiliates.

$465,000
4 Beds 2 Baths 2575823 MLS ACTIVE Status
Classic Olympia Home on a Spacious Lot, ideally situated in one of Olympia’s desirable neighborhoods. Set on a generous 0.30-acre lot (13,125 sq. ft.), this 1,970 sq. ft. residence offers a versatile floor plan with 3 bedrooms plus a flexible fourth room—ideal for a den, home office, or additional bedroom space (fourth room does not have a closet). The inviting primary suite is located upstairs, while the main level features beautiful original oak hardwood floors awaiting your refinishing touches. Abundant natural light throughout creates a bright and welcoming atmosphere, including a particularly sunny laundry room. Enjoy easy walking access to Olympia High School and convenient proximity to shopping, dining, parks, and other amenities. The spacious, partially private lot offers excellent outdoor potential, with a fully fenced backyard, room for gardening, and an established collection of specimen plants. Additional features include two outbuildings—one newer and well-maintained, plus a second older structure offering storage or potential future use. The property also provides ample off-street driveway parking and additional street parking, with plenty of room to explore the possibility of adding a garage or carport. A wonderful opportunity to own a classic Olympia home with a desirable location, generous lot, flexible living spaces, and plenty of potential to make it your own.

1410 Middle Street SE, Olympia

Listing courtesy of RE/MAX Parkside Affiliates.

$465,000
3 Beds 2 Baths 2575764 MLS ACTIVE Status
A One-of-a-Kind Mid-Century Classic in the Heart of Lacey! Step back to a time when homes were crafted with real wood, generous rooms, and spacious lots. This charming 1950s rambler has been the longtime home of an internationally credentialed artist, and her creative influence remains throughout the home—an eclectic blend of art, personality, and imagination that makes this property truly unlike any other. Three bedrooms feature built-in storage and are conveniently located across from the main bath. The spacious living room showcases beautiful hardwood floors, a fireplace, and built-in bookcases, while the kitchen opens to a large family room and a distinctive bath arrangement. A generous pantry/storage room adds valuable functionality. Outside, the expansive backyard offers plenty of room to relax, entertain, garden, or create. Enjoy the covered patio, workshop, additional storage, and a separate artist studio tucked into the far corner of the property—perfect for a home office, den, reading retreat, hobby space, or creative studio. Be sure to notice the artistically sculpted evergreens that add even more character to this special setting. All this in a convenient Lacey location close to shopping, services, schools, and everyday amenities. If you appreciate character, craftsmanship, creativity, and a home with a story to tell, this rare 1950s rambler deserves a closer look.

4519 23rd Avenue SE, Lacey

Listing courtesy of Keller Williams South Sound.

$699,999
3 Beds 2 Baths 2576413 MLS ACTIVE Status
Beautifully Updated Lacey Home with Acreage, Massive Garage, Perfect for Extra Income, and Private Primary Suite Level! Discover a rare opportunity in Lacey to own acreage with incredible room to grow, add equity, and customize your living space. Featuring a massive 6-bay detached garage complete with a brand-new roof, an unfinished basement/garage area, and a separate detached bonus space ready to be transformed into a home gym, office, or game room. Inside, the entire top floor is dedicated to a private primary suite retreat, featuring the main bedroom, bathroom, and an adjoining open bonus space—ideal for a private sitting area, home office, or cozy reading nook. Plus, an additional bonus room downstairs that provides flexible space that could easily serve as a 4th bedroom. The home has been updated with a new water heater, fresh paint, brand-new carpets, siding, windows, and energy-efficient ductless mini-splits for year-round heating and cooling. located just an easy ~20-minute commute to JBLM and quick access to I-5, alongside being just a 10-minute drive to Long Lake Park, Costco, local shopping, and schools, this property combines acreage, incredible convenience, and endless opportunities to add value.

7728 Mesplay Avenue SE, Lacey

Listing courtesy of John L. Scott, Inc.

$539,000
4 Beds 2 Baths 2573230 MLS ACTIVE Status
Two homes in one great property! Recently refreshed 3-bedroom main home is warm and inviting, with a fully detached 1-bedroom, 1-bath ADU offering a second, completely separate place to live or rent. Just off Tumwater’s historic core, near the Craft District, Brewery Park at Tumwater Falls, parks, trails and local schools, this is one of those properties where the options are the story. Live in the main home and rent the ADU. Live in the ADU and rent the larger home. Or rent both and let the numbers work for you. Current combined rents are $4,532/month, or $54,384/year. Seller-provided figures show $45,313 NOI and an approx. 8.4% cap rate based on current offering terms. Even with 20% down and conventional financing, current income and expenses show potential for positive cash flow. For an owner-occupant, rental income could offset a meaningful part of the monthly payment. For an investor, you have two rentable homes with established income. Major updates throughout! Roof of the ADU is brand new, and windows in the main house have been replaced. The location makes everyday life easy, with recreation, restaurants, schools and downtown Olympia nearby, plus direct access to I-5 for commuting north or south. Spend the morning walking Tumwater Falls, head to the Craft District for dinner. Two detached homes, established income, everyday livability and more than one smart way to own it. Investor, first time buyer or downsizing? This is the property you have been waiting for!

101 2nd Avenue SW, Olympia

Listing courtesy of Coldwell Banker Evergreen.

Based on information submitted to the MLS GRID as of . 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.
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