2511 -2513 Prospect Avenue NE # 13 Olympia, WA $ 465,000
2511 -2513 Prospect Avenue NE # 13
$ 465,000
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2511 -2513 Prospect Avenue NE # 13

Olympia, WA, 98506
$ 465,000
Baths0.0 Sq 1,422

Monthly Estimate*

$ 2,863

Listed by Signature Service RE Olympia
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Studio

Multi-Family Home for sale in Olympia, WA

for $465,000. This 1,422 square foot home was built in 1901 on a lot size of 0.1446.

Wise investment. Fair value duplex in an established, desirable NE Olympia neighborhood that is very close to all conveniences and I-5. Responsible, long term tenants who want to stay on. First floor tenant's lease expires in July 2026. Second floor tenant's lease expires at the end of August. Five off the street parking spots. Each unit has its own yard and garden space (tenant maintained) with a fence delineating each portion. Gas furnaces in each unit. Some recent updates. Tile floors + shower, engineered hardwood, not the cheap materials traditionally used in rentals. Updated electric wiring, insulated attic and crawl space, composition roof in good condition. First floor #2513 is the larger unit with large main bedroom and half en suite bath. Also, large living room, kitchen, laundry room, full second bathroom and back door entry into a mud room. Second floor unit is smaller and consists of main bedroom, kitchen, living room and a little reading/meditation nook.

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Multi-Family Active

Price

$ 465,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 4,950

Style

Duplex

Lot Size

0.1446

Year Built

1901

Town/City

Olympia

County/Region

Thurston

MLS | Web ID

2483632

Features
General
Living Area 0
Sewer Septic Tank
Heating Forced Air
Cooling None
Possession See Remarks Subject to Tenant Rights
Roof Composition
HOA Fee 0
Garage Spaces 0
Security Features Partially Fenced
Year Built 1901
View City
Unit Number 13
Property Subtype Multi Family
Tax Year 2026
Building Name Phoenix Park
County Thurston
Net Operating Income 24535
Insurance Expense 1715
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Olympia
Special Listing Conditions None
Status Active
Directions Martin Way South Right on Phoenix Left on Prospect to house on Left.
High School Buyer To Verify
City Olympia
Senior Community Y/N N
High School District Olympia
Number Of Units Total 2
MLS Area 447 - Olympia North
Lot Size Units Square Feet
Lot Size Square Feet 6300
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional FHA VA Loan
Elementary School Buyer To Verify
Tax Annual Amount 4950.02
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Buyer To Verify
Property Condition Very Good
Public Remarks Wise investment. Fair value duplex in an established desirable NE Olympia neighborhood that is very close to all conveniences and I-5. Responsible long term tenants who want to stay on. First floor t
Leasable Area 1440
Virtual Tour https://www.youtube.com/watch?v=ptrOy3-p76A&quality=hd
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Water Company City of Olympia
Units Below Grade false
Units In Building Total 2
Water Sewer Garbage 600
Property Style 52 - Duplex
Cap Rate 5.39
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Exterior
Exterior Amenities Wood Wood Products
Lot Features Paved
Water Source Public
Foundation Details Pillar/Post/Pier
Building Area Total 1422
Lot Dimensions 59x105
Lot Size Acres 0.1446
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Cable TV Fenced-Partially Gas Available High Speed Internet
Parking Uncovered Total 5
Lot Number 3 & W 10ft of lot 4
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Interior
Flooring Ceramic Tile Hardwood Vinyl Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Bedrooms Possible 2
Power Production Type Electric Natural Gas
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2483632
Street Number 1 2511
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* Excluded Features
List By
Bo Foster

Listing Agent

Signature Service Re Olympia

Broker

Affordability Calculator

$3,276
Per Month
87%
13%
0%
Monthly Principal & Interest
$2,863
Monthly Property Taxes
$413
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
2/25/2026$455,000 Listed Price

Map


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2511 -2513 Prospect Avenue NE # 13, Olympia, WA, 98506 is a Multi-Family Home for sale at $465,000 with 1,422 sqft and a lot size of 0.1446. 2511 -2513 Prospect Avenue NE # 13 is a studio with 0.0 baths and was built in 1901. The property's zip code is 98506 which is in Olympia, WA