427 429 Thomas St NW Olympia, WA $ 565,000
427 429 Thomas St NW
$ 565,000
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427 429 Thomas St NW

Olympia, WA, 98502
$ 565,000
Baths0.0 Sq 1,408

Monthly Estimate*

$ 3,479

Listed by eXp Realty
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Studio

Multi-Family Home for sale in Olympia, WA

for $565,000. This 1,408 square foot home was built in 1969 on a lot size of 0.1692.

Well maintained duplex in a desirable location, offering strong rental appeal & long-term investment potential. Each loft-style unit features 1 BD & 1 BA with vaulted ceilings & an airy floor plan. Spacious kitchens include dining nooks & flow seamlessly into the living areas. Unit 429 has been updated w/ modern cabinetry, quartz countertops, SS appliances, & a ductless mini-split system. The second unit is well kept & move-in ready, providing flexibility for upgrades or immediate income. Both units enjoy patios, fully fenced yards, individual storage units, & garden space. Parking features one carport stall & one add'l parking space. Park located across the street. Dependable cash flow in a convenient, close to everything location. Assumable FHA loan at 4.125%.

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Multi-Family Active

Price

$ 565,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 4,565

Style

Duplex

Lot Size

0.1692

Year Built

1969

Town/City

Olympia

County/Region

Thurston

MLS | Web ID

2471242

Features
General
Living Area 0
Sewer Sewer Connected
Heating Ductless Wall Unit(s)
Cooling Ductless Other See Remarks
Possession Closing See Remarks Subject to Tenant Rights
Roof Composition
HOA Fee 0
Garage Spaces 0
Security Features Partially Fenced
Year Built 1969
Property Subtype Multi Family
Tax Year 2025
County Thurston
Net Operating Income 0
Insurance Expense 140
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Westside
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions Head E on Harrison Ave Take a left on Thomas St property will be on your left.
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 444 - Olympia Westside
Lot Size Units Square Feet
Lot Size Square Feet 7370
Carport Spaces 2
Carport Y/N N
Listing Terms Assumable Cash Out FHA
Elementary School Buyer To Verify
Tax Annual Amount 4565
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Buyer To Verify
Public Remarks Well maintained duplex in a desirable location offering strong rental appeal & long-term investment potential. Each loft-style unit features 1 BD & 1 BA with vaulted ceilings & an airy floor plan. Sp
Leasable Area 1408
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Amenities Storage
Water Company City of Olympia
Units Below Grade false
Units In Building Total 2
Water Sewer Garbage 150
Property Style 52 - Duplex
Cap Rate 7
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Exterior
Exterior Amenities Wood Wood Products
Lot Features Alley Curbs Paved Sidewalk
Water Source Public
Foundation Details Poured Concrete
Building Area Total 1408
Lot Size Acres 0.1692
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Cable TV Fenced-Partially High Speed Internet Outbuildings Patio
Parking Uncovered Total 2
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Interior
Flooring Laminate Vinyl Carpet
Total Fireplaces 0
Total Stories 1
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
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 NWM2471242
Street Number 1 427
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* Excluded Features
List By
Mary Terrell

Listing Agent

Exp Realty

Broker

Affordability Calculator

$3,859
Per Month
90%
10%
0%
Monthly Principal & Interest
$3,479
Monthly Property Taxes
$380
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
1/22/2026$565,000 Listed Price

Map


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427 429 Thomas St NW, Olympia, WA, 98502 is a Multi-Family Home for sale at $565,000 with 1,408 sqft and a lot size of 0.1692. 427 429 Thomas St NW is a studio with 0.0 baths and was built in 1969. The property's zip code is 98502 which is in Olympia, WA