2414 - 2416 Mitchell Street NE Olympia, WA $ 575,000
2414 - 2416 Mitchell Street NE
$ 575,000
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2414 - 2416 Mitchell Street NE

Olympia, WA, 98506
$ 575,000
Baths0.0 Sq 1,750

Monthly Estimate*

$ 3,540

Listed by RE/MAX Northwest
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Studio

Multi-Family Home for sale in Olympia, WA

for $575,000. This 1,750 square foot home was built in 1973 on a lot size of 0.2873.

Very well-maintained duplex in tranquil park-like setting on dead-end street within city limits, offering great tenant appeal and reliable strong investment performance. Exhaustive enhancements and repairs done with quality workmanship; as a result projected maintenance costs into the foreseeable future are extremely low (see supplements). Tenants value the prime yet very secluded location, resulting in a low vacancy rate and quick turnover. Each unit features 2 bedrooms,1 dual access bath, private & spacious yards, carport parking with storage lockers & garden sheds. Appliances included. Extremely solid, well-cared-for investment in a desirable rental location.

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Multi-Family Active

Price

$ 575,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 5,146

Style

Duplex

Lot Size

0.2873

Year Built

1973

Town/City

Olympia

County/Region

Thurston

MLS | Web ID

2469046

Features
General
Living Area 0
Sewer Septic Tank
Heating Wall Unit(s)
Cooling None
Possession Closing Subject to Tenant Rights
Roof Composition
HOA Fee 0
Garage Spaces 0
Security Features Partially Fenced
Year Built 1973
Property Subtype Multi Family
Tax Year 2025
Assoc Fee Paid Per Not Applicable
County Thurston
Net Operating Income 37402
Insurance Expense 1817
New Construction N
Property Type Residential Income
HOA N
Subdivision Name East Bay
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions Martin Way to North on Phoenix. L on Mitchell; duplex on R at end of street. PLEASE DO NOT DISTURB TENANTS-they work from home!!
High School Buyer To Verify
City Olympia
Senior Community Y/N N
High School District Olympia
Zoning Description Multi-Family
Number Of Units Total 2
MLS Area 447 - Olympia North
Lot Size Units Square Feet
Lot Size Square Feet 12515
Carport Spaces 2
Carport Y/N N
Listing Terms Cash Out Conventional
Elementary School Buyer To Verify
Tax Annual Amount 5146
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Buyer To Verify
Property Condition Good
Public Remarks Very well-maintained duplex in tranquil park-like setting on dead-end street within city limits offering great tenant appeal and reliable strong investment performance. Exhaustive enhancements and re
Leasable Area 1750
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Water Company Septic
Units Below Grade false
Units In Building Total 2
Water Sewer Garbage 1700
Property Style 52 - Duplex
Cap Rate 6.49
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Exterior
Exterior Amenities Wood
Lot Features Dead End Street Paved
Water Source Public
Foundation Details Block
Building Area Total 1750
Lot Size Acres 0.2873
Waterfront Y/N N
Covered Spaces 2
Irrigation Water Rights Y/N N
Site Features Deck Fenced-Partially High Speed Internet
Parking Uncovered Total 0
Lot Number 1
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Interior
Flooring Vinyl Carpet
Total Fireplaces 0
Total Stories 1
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Bedrooms Possible 4
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2469046
Street Number 1 2414
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* Excluded Features
List By
Sue Wise

Listing Agent

Re/Max Northwest

Broker

Affordability Calculator

$3,969
Per Month
89%
11%
0%
Monthly Principal & Interest
$3,540
Monthly Property Taxes
$429
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3100290 Elementary School
3100479 Middle School
Buyer To Verify High School High School
Pricing History
DatePricePrice ChangeDescription
1/16/2026$575,000 Listed Price

Map


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2414 - 2416 Mitchell Street NE, Olympia, WA, 98506 is a Multi-Family Home for sale at $575,000 with 1,750 sqft and a lot size of 0.2873. 2414 - 2416 Mitchell Street NE is a studio with 0.0 baths and was built in 1973. The property's zip code is 98506 which is in Olympia, WA