3203 Capitol Boulevard SW Tumwater, WA $ 525,000
3203 Capitol Boulevard SW
$ 525,000
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3203 Capitol Boulevard SW

Tumwater, WA, 98501
$ 525,000
Bedrooms3 Baths2.0 Sq 2,196

Monthly Estimate*

$ 3,626

Listed by Redfin
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Multi-Family Home for sale in Tumwater, WA

for $525,000 with 3 bedrooms and 2 full baths. This 2,196 square foot home was built in 1927 on a lot size of 0.1694.

Step into the charm of this classic Craftsman duplex, offering sweeping views of Capitol Lake and the Deschutes Estuary. Rarely available, this centrally located property puts you close to shopping, I-5, downtown Olympia, and the State Capitol. The flexible layout features two bedrooms upstairs and one bedroom downstairs, creating an excellent opportunity for an owner-occupant to live in one space while generating rental income from the other. Classic Craftsman details add timeless character throughout, including crown molding, ceramic tile, and a real wood-burning fireplace. A unique opportunity to own a piece of Olympia with beautiful views and income potential.

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Multi-Family Active

Price

$ 525,000

Bedrooms

3

Full Bath

2

Property Type

Multi-Family

Taxes

$ 0

Style

Duplex

Lot Size

0.1694

Year Built

1927

Town/City

Tumwater

County/Region

Thurston

MLS | Web ID

2582348

Features
General
Living Area 0
Sewer Sewer Connected
Heating Forced Air
Cooling See Remarks
Possession Closing
Roof Composition
HOA Fee 0
Garage Spaces 0
Year Built 1927
View Lake Partial
Property Subtype Multi Family
Tax Year 2026
County Thurston
Net Operating Income 0
Insurance Expense 0
New Construction N
Property Type Residential Income
HOA N
Energy Efficient Thermal Windows
Subdivision Name South Eastside Olympia
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions GPS Friendly.
High School Buyer To Verify
City Tumwater
Senior Community Y/N N
High School District Olympia
Zoning Description Multi-Family
Number Of Units Total 2
MLS Area 448 - Olympia South
Lot Size Units Square Feet
Lot Size Square Feet 7380
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional
Elementary School Buyer To Verify
Tax Annual Amount 0
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Buyer To Verify
Property Condition Good
Public Remarks Step into the charm of this classic Craftsman duplex offering sweeping views of Capitol Lake and the Deschutes Estuary. Rarely available this centrally located property puts you close to shopping I-5
Leasable Area 2196
Virtual Tour https://my.matterport.com/show/?m=TBE1JeXYa5e&mls=1&play=1&ts=1
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Amenities Basement Thermal Windows
Water Company City of Tumwater
Units Below Grade true
Units In Building Total 2
Water Sewer Garbage 0
Property Style 52 - Duplex
Cap Rate 0
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Exterior
Exterior Amenities Metal/Vinyl Wood Wood Products
Lot Features Paved Sidewalk
Water Source Public
Total Parking 2
Foundation Details Poured Concrete
Building Area Total 2196
Lot Size Acres 0.1694
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Cable TV Deck Gas Available Patio
Parking Uncovered Total 2
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Interior
Flooring Ceramic Tile Hardwood Softwood Vinyl Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
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 NWM2582348
Street Number 1 3203
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* Excluded Features
List By
Rhonda C Olnick

Listing Agent

Redfin

Broker

rhonda.olnick@redfin.com

Email

Affordability Calculator

$3,626
Per Month
100%
0%
0%
Monthly Principal & Interest
$3,626
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
9/17/2026$525,000 Listed Price

Map


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3203 Capitol Boulevard SW, Tumwater, WA, 98501 is a Multi-Family Home for sale at $525,000 with 2,196 sqft and a lot size of 0.1694. 3203 Capitol Boulevard SW has 3 bedrooms, 2.0 baths, and was built in 1927. The property's zip code is 98501 which is in Tumwater, WA