2423 Mitchell Avenue NE Olympia, WA $ 500,000
2423 Mitchell Avenue NE
$ 500,000
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2423 Mitchell Avenue NE

Olympia, WA, 98506
$ 500,000
Baths0.0 Sq 1,584

Monthly Estimate*

$ 3,119

Listed by Olympic Sotheby's Int'l Realty
2423 Mitchell Avenue NE, Olympia, WA 98506 - Image 1
Studio

Multi-Family Home for sale in Olympia, WA

for $500,000. This 1,584 square foot home was built in 1971 on a lot size of 0.1952.

Great opportunity to own a well-maintained duplex on the Eastside of Olympia with a 7.3% CAP RATE. Both units are 2 bedrooms, 1 bathroom, attached garages with large, fenced backyards on a dead-end street. Tenants pay water, garbage and the property is on septic so there’s no monthly sewer cost to tenants. Seller is selling three other duplexes on the same street with the same floor plan and CAP RATE.

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Multi-Family Pending

Price

$ 500,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 4,691

Style

Duplex

Lot Size

0.1952

Year Built

1971

Town/City

Olympia

County/Region

Thurston

MLS | Web ID

2447772

Features
General
Living Area 0
Sewer Septic Tank
Heating Baseboard
Cooling None
Possession Closing
Roof Composition
HOA Fee 0
Security Features Fully Fenced
Year Built 1971
Property Subtype Multi Family
Tax Year 2025
County Thurston
Net Operating Income 0
Insurance Expense 1620
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Bigelow
Possible Use Multi-Family
Special Listing Conditions None
Status Pending Inspection
Directions North on South Bay to Left on Phoenix to Left on Mitchell Ave to duplex on Left.
High School Buyer To Verify
City Olympia
Senior Community Y/N N
High School District Olympia
Zoning Description Multi-Family
Open Parking Spaces 0
Number Of Units Total 2
MLS Area 447 - Olympia North
Lot Size Units Square Feet
Lot Size Square Feet 8505
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional FHA
Elementary School Buyer To Verify
Tax Annual Amount 4691
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Buyer To Verify
Property Condition Good
Public Remarks Great opportunity to own a well-maintained duplex on the Eastside of Olympia with a 7.3% CAP RATE. Both units are 2 bedrooms 1 bathroom attached garages with large fenced backyards on a dead-end stre
Leasable Area 1584
Structure Type Duplex
Building Area Units Square Feet
Standard Status Pending
Water Company City of Olympia
Units Below Grade false
Units In Building Total 2
Water Sewer Garbage 0
Property Style 52 - Duplex
Cap Rate 7.37
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Exterior
Exterior Amenities Brick Wood Wood Products
Lot Features Dead End Street
Water Source Public
Total Parking 4
Foundation Details Slab
Building Area Total 1584
Lot Size Acres 0.1952
Waterfront Y/N N
Covered Spaces 2
Irrigation Water Rights Y/N N
Site Features Cable TV Fenced-Fully High Speed Internet Patio
Parking Uncovered Spaces 0
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Interior
Flooring Vinyl Plank
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 NWM2447772
Street Number 1 2423
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* Excluded Features
List By
Tommy Lowe

Listing Agent

Olympic Sotheby's Int'l Realty

Broker

Affordability Calculator

$3,510
Per Month
89%
11%
0%
Monthly Principal & Interest
$3,119
Monthly Property Taxes
$391
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
10/24/2025$500,000 Listed Price

Map


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2423 Mitchell Avenue NE, Olympia, WA, 98506 is a Multi-Family Home for sale at $500,000 with 1,584 sqft and a lot size of 0.1952. 2423 Mitchell Avenue NE is a studio with 0.0 baths and was built in 1971. The property's zip code is 98506 which is in Olympia, WA