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$539,000

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 2 Full Baths
  • 1,322 Sq. Ft.
  • Updated 3 days ago

Listed by Madison Del Vigo | Coldwell Banker Evergreen | (360) 352-7651

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Two homes in one great property! Recently refreshed 3-bedroom main home is warm and inviting, with a fully detached 1-bedroom, 1-bath ADU offering a second, completely separate place to live or rent. Just off Tumwater's historic core, near the Craft District, Brewery Park at Tumwater Falls, parks, trails and local schools, this is one of those properties where the options are the story. Live in the main home and rent the ADU. Live in the ADU and rent the larger home. Or rent both and let the numbers work for you. Current combined rents are $4,532/month, or $54,384/year. Seller-provided figures show $45,313 NOI and an approx. 8.4% cap rate based on current offering terms. Even with 20% down and conventional financing, current income and expenses show potential for positive cash flow. For an owner-occupant, rental income could offset a meaningful part of the monthly payment. For an investor, you have two rentable homes with established income. Major updates throughout! Roof of the ADU is brand new, and windows in the main house have been replaced. The location makes everyday life easy, with recreation, restaurants, schools and downtown Olympia nearby, plus direct access to I-5 for commuting north or south. Spend the morning walking Tumwater Falls, head to the Craft District for dinner. Two detached homes, established income, everyday livability and more than one smart way to own it. Investor, first time buyer or downsizing? This is the property you have been waiting for!

Full Property Details for 101 2nd Ave SW

General

  • Price: $539,000
  • Taxes: $2,977 (2025)
  • Status: Active
  • Type: Single Family
  • Source: NWMLS
  • MLS ID: 2573230
  • Updated: 9/1/2026
  • Added to Site: 9 day(s) ago

Interior

  • Interior Features: Ceiling Fan(s), Water Heater
  • Appliances: Refrigerator(s), See Remarks
  • Flooring: Laminate, Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Floor Baths: 2

Bedrooms

  • Total Bedrooms: 4
  • Bedrooms Main: 4

Additional Information

  • Amenities: Cable TV, Gas Available, High Speed Internet

Parking

  • Carports: Yes
  • Carport Spaces: 1
  • Covered Spaces: 1
  • Parking Features: Detached Carport

Location

  • Area: 443 - Tumwater
  • County: Thurston
  • Subdivision: Tumwater Hill
  • Driving Directions: From I-5 South, take Exit 101 for Tumwater Boulevard.Turn right onto Tumwater Boulevard and continue to the light at Capitol Boulevard. At that light, turn right onto Capitol Boulevard. Then take you

School Information

  • High School District: Tumwater
  • Elementary School: Tumwater Hill Elem
  • Middle School: Tumwater Mid
  • High School: A G West Black Hills

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Wall Furnace
  • Water Heater: Electrical

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Architectural Style: Craftsman
  • Structure Type: House
  • Exterior Const.: Wood, Wood Products
  • Basement Desc.: None
  • Foundation: Block, Concrete Ribbon
  • Roof: Composition
  • Entry Location: Main
  • Square Feet: 1,322
  • Finished Total: 1,322 Sq. Ft.
  • Year Built: 1930
  • Property Condition: Average

Lot Features

  • Lot Size (Acres): 0.1362
  • Lot Size (Sq. Ft.): 5,935
  • Lot Size Source: Public Records
  • Lot Dimensions: 50 x 119
  • Topography: Partial Slope
  • Lot Features: Sidewalk

Financial Considerations

  • Tax Amount: $2,977
  • Tax Year: 2025
  • Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Special Conditions: None
  • Inclusions: Refrigerator(s), See Remarks
  • Property ID: 80601600100
  • Block: 16
  • Lot Number: 1

Listed by Madison Del Vigo | Coldwell Banker Evergreen | (360) 352-7651

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Schools serving 101 2nd Ave SW

School District:Tumwater School District
NameGradesDistance
Tumwater Hill Elementary School
3120 Ridgeview Loop Southwest, Tumwater, WA 98512
K-50.8 mi
Tumwater Middle School, Tumwater, WA
6335 Littlerock Road Southwest, Tumwater, WA 98512
6-81.8 mi
A G West Black Hills High School
7741 Littlerock Road SW, Tumwater, WA 98512
9-123.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 101 2nd Ave SW Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/27/2026
Listed
$539,000
978%
MLS
10/27/1989
Sold
$50,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 101 2nd Ave SW

Year
Property Taxes
Change
Tax Assessment
Change
2026
$3,318
11%
$332,500
11%
2025
$2,977
25%
$298,700
31%
2021
$2,385
-6%
$227,500
-12%
2023
$2,537
6%
$259,500
40%
2021
$2,385
8%
$185,500
11%
2020
$2,207
13%
$166,400
6%
2019
$1,953
2%
$157,000
6%
2018
$1,911
28%
$147,900
30%
2017
$1,493
3%
$113,400
6%
2016
$1,453
4%
$106,550
4%
2015
$1,396
-3%
$102,150
-1%
2014
$1,437
—
$102,950
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Madison Del Vigo | Coldwell Banker Evergreen | (360) 352-7651

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101 2nd Avenue SW, Olympia, WA 98512 (MLS# 2573230) is a Single Family property with 4 bedrooms and 2 full bathrooms. 101 2nd Avenue SW is currently listed for $539,000 and was received on August 27, 2026. Want to learn more about 101 2nd Avenue SW? Do you have questions about finding other Single Family real estate for sale in Olympia? You can browse all Olympia real estate or contact a Coldwell Banker agent to request more information.

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