Listing Provided Courtesy Of:
Virgil Adams Real Estate, Inc. and NWMLS
1124 1126 Chestnut Street SE Olympia, WA
$ 495,000
Property Attributes
  • ID#1867615
  • TypeMulti-Family
  • CountyTHURSTON
  • CityOlympia
  • AreaOlympia North
  • NeighborhoodOlympia
  • Zip98501
  • StyleDuplex
  • Year Built1942
  • Taxes$ 3132
  • Price$ 495,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage1176
  • Lot Size6,525 SqFt
Listing Provided Courtesy Of:
Virgil Adams Real Estate, Inc. and NWMLS
Data Source:
Northwest Multiple Listing Service (NWMLS) - 21 - WA
Property Description

Top of the class duplex located just up from downtown Olympia and minutes from the Capitol. Each unit is 1 BR 1 BA. Both units completely renovated in 2018. Updates include 30-year roof, interior and exterior paint, LVP flooring throughout, white painted doors and molding, kitchen cabinets, appliances and complete bathroom remodel. Each side has an oversized 1-car garage, with washer and dryer and lots of room for storage. Landlord pays for W/S/G (one meter) and landscaping. Amazing 6.8% cap rate. Always had very low turnover rate.

Elementary School Middle School High School
Lincoln Elem Wash Mid Olympia High
Price History
11/26/2021 Listed $495,000

General Features

Amenities Basement
Building Area Units Square Feet
Carport Y/N No
City Olympia
County Thurston
Directions I-5, Plum Street exit, left on Union, left on Cherry, left on 11th, right on Chestnut to home on left.
Elementary School Lincoln Elem
Exterior Features Brick, Wood
Flooring Vinyl Plank
High School Olympia High
High School District Olympia
Insurance Expense 580
Leasable Area 1176
Lot Size Square Feet 6527
MLS Area 447 - Olympia North
Middle/Junior High School Wash Mid
Net Operating Income 33759
New Construction No
Open Parking Spaces 4
Possession Closing
Possible Use Residential
Property Style 52 - Duplex
Property SubType Multi-Family
Property Type Residential Income
PropertyCondition Very Good
Roof Composition
Senior Community Y/N No
Sewer Sewer Connected
Special Listing Conditions None
Standard Status Active
Status Active
Street Name Chestnut
Structure Type Duplex
Subdivision Name Olympia
Tax Annual Amount 3132
Tax Year 2021
Terms Cash Out, Conventional, VA Loan
Total Units 2
Units Below Grade false
Units In Building Total 2
Utilities Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electricity Available, Natural Gas Connected
Water Company City of Olympia
Water Sewer Garbage 900
Year Built 1942
Zoning Class Residential

Interior Features

Electric On Property Y/N No
Fireplace Y/N No
Furnished Y/N Unfurnished
Heating Y/N Yes
Living Area Units Square Feet
Power Production Type Electric, Natural Gas
Street Suffix Street
Total Stories 2

Exterior Features

Building Area Total 1176
Covered Spaces 2
Foundation Details Poured Concrete
Irrigation Water Rights Y/N No
Lot Features Curbs, Paved, Sidewalk
Lot Size Acres 0.1498
Lot Size Units Square Feet
Open Parking Y/N Yes
Parking Uncovered Spaces 4
Site Features Cable TV, Gas Available, High Speed Internet
Total Parking 6
View Y/N No
Water Source Public
Waterfront Y/N No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 98501

AVG $500K
AVG $3,172
Year Built
AVG 1944
AVG 68
Data Provided by Walkscore ® not using MLS data