Recently Viewed Properties
See This Home
Save This Listing
Close

$500,000 Sale Pending

  • For Sale
  • Pending
  • Multi-Family

Listed by Tommy Lowe | Olympic Sotheby's Int'l Realty | (360) 528-4160 and Jesse Heberlein | Olympic Sotheby's Int'l Realty | (360) 528-4160

See This Home
Save This Home
See This Home
Save This Home
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.

Full Property Details for 2423 Mitchell Ave NE

General

  • Price: $500,000
  • Taxes: $4,691 (2025)
  • Status: Pending
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2447772
  • Updated: 11/21/2025
  • Added to Site: 84 day(s) ago

Interior

  • Flooring: Vinyl Plank

Additional Information

  • Amenities: Cable TV, Fenced-Fully, High Speed Internet, Patio
  • Security/Safety: Fully Fenced

Parking

  • Covered Spaces: 2

Location

  • Area: 447 - Olympia North
  • County: Thurston
  • Subdivision: Bigelow
  • Driving Directions: North on South Bay to Left on Phoenix to Left on Mitchell Ave to duplex on Left.

School Information

  • High School District: Olympia
  • Elementary School: Buyer To Verify
  • Middle School: Buyer To Verify
  • High School: Buyer To Verify

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard

Utilities

  • Sewer: Septic Tank
  • Water: Public

Structural Information

  • Structure Type: Duplex
  • Exterior Const.: Brick, Wood, Wood Products
  • Foundation: Slab
  • Roof: Composition
  • Stories in Building: 1
  • Square Feet: 1,584
  • Year Built: 1971
  • Property Condition: Good

Unit Information

  • Units in Building: 2

Lot Features

  • Lot Size (Acres): 0.1952
  • Lot Size (Sq. Ft.): 8,505
  • Lot Size Source: Public Records
  • Lot Features: Dead End Street
  • Zoning: Multi-Family

Financial Considerations

  • Tax Amount: $4,691
  • Tax Year: 2025
  • Terms: Cash Out, Conventional, FHA

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 68900400500

Listed by Tommy Lowe | Olympic Sotheby's Int'l Realty | (360) 528-4160 and Jesse Heberlein | Olympic Sotheby's Int'l Realty | (360) 528-4160

Quickly Find Out More

* Indicates a required field

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Send Message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

We Value Your Privacy

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Get a Great Insurance Rate

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 2423 Mitchell Ave NE

School District:Olympia School District
NameGradesDistance
Roosevelt Elementary School, Olympia, WA
1417 San Francisco Avenue Northeast, Olympia, WA 98506
K-50.9 mi
Olympia Regional Learning Academy B
2400 15th Avenue Southeast, Olympia, WA 98501
K-50.9 mi
Reeves Middle School
2200 Quince Street Northeast, Olympia, WA 98506
6-81.5 mi
Olympia High School
1302 North Street Southeast, Olympia, WA 98501
9-122.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2423 Mitchell Ave NE Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/24/2025
Listed
$500,000
11.11%
MLS
2/12/2023
Sold
$450,000
—
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 2423 Mitchell Ave NE

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,692
28%
$447,500
61%
2021
$3,660
3%
$278,000
-22%
2023
$3,561
-3%
$356,700
26%
2021
$3,660
17%
$283,300
20%
2020
$3,135
16%
$236,600
8%
2019
$2,694
-7%
$218,900
2%
2018
$2,885
18%
$214,100
10%
2017
$2,439
12%
$194,950
9%
2016
$2,172
2%
$178,700
5%
2015
$2,138
12%
$170,650
14%
2014
$1,914
—
$149,350
—
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.

Estimate the Cost for 2423 Mitchell Ave NE

$
Down Payment
%
$
%

$
$

*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Tommy Lowe | Olympic Sotheby's Int'l Realty | (360) 528-4160 and Jesse Heberlein | Olympic Sotheby's Int'l Realty | (360) 528-4160

Just Listed near 2423 Mitchell Ave NE

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

3215 64th Ln SW, Tumwater, WA 98512 - Photo 1 Just Listed
$535,000

3215 64th Ln SW  Tumwater, WA 98512

  • Single Family
  • Active
  • Updated 1 day ago
  • 3
    Beds
  • 3
    Total Baths
  • 1,764
    Sq. Ft.
Listed by Ashley Diaz | Simply Sound Homes
7 7th Ave SW, Tumwater, WA 98512 - Photo 1 Just Listed
$500,000

7 7th Ave SW  Tumwater, WA 98512

  • Land Residential
  • Active
  • Updated 1 day ago
  • 1.9754
    Acres
Listed by Stephanie Gurden | Keller Williams Realty and Vic Jones | Keller Williams Realty
1105 Irving St SW, Tumwater, WA 98512 - Photo 1 Just Listed
$530,000

1105 Irving St SW  Tumwater, WA 98512

  • Single Family
  • Active
  • Updated 2 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 2,000
    Sq. Ft.
Listed by Alley Savin | Van Dorm Realty, Inc
828 Bodie Ct SE, Lacey, WA 98513 - Photo 1 Just Listed
$719,950

828 Bodie Ct SE  Lacey, WA 98513

  • Single Family
  • Active
  • Updated 6 hours ago
  • 3
    Beds
  • 3
    Total Baths
  • 2,553
    Sq. Ft.
Listed by Lucia Arroyo | Epic Realty and Christina Janis | Epic Realty

Price Reduced near 2423 Mitchell Ave NE

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

3509 Hawthorne Pl SE, Tumwater, WA 98501 - Photo 1 Price Reduced
-$10,000 (-2.15%)
$455,000
Open House

3509 Hawthorne Pl SE  Tumwater, WA 98501

  • Single Family
  • Active
  • Updated 18 hours ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,375
    Sq. Ft.
Listed by Michelle Mewhinney-Angel | Windermere Real Estate Olympia and Xavier Angel | Windermere Real Estate Olympia
1114 2nd Ave SW, Tumwater, WA 98512 - Photo 1 Price Reduced
-$5,000 (-0.88%)
$559,995

1114 2nd Ave SW  Tumwater, WA 98512

  • Single Family
  • Active
  • Updated 19 hours ago
  • 5
    Beds
  • 2
    Total Baths
  • 2,446
    Sq. Ft.
Listed by Joe S Symonette | eXp Realty and Charles D. Carr | eXp Realty
1841 Trosper Rd SW, Tumwater, WA 98512 - Photo 1 Price Reduced
-$5,000 (-4.76%)
$100,000

1841 Trosper Rd SW  #60  Tumwater, WA 98512

  • Manufactured Home
  • Active
  • Updated 6 days ago
  • 2
    Beds
  • 2
    Total Baths
  • 1,171
    Sq. Ft.
Listed by Christy Pasqual | Webrealty
4045 49th Ave SW, Tumwater, WA 98512 - Photo 1 Price Reduced
-$6,000 (-3.87%)
$149,000

4045 49th Ave SW  #12  Tumwater, WA 98512

  • Manufactured Home
  • Active
  • Updated 2 days ago
  • 2
    Beds
  • 1
    Total Bath
  • 840
    Sq. Ft.
Listed by Kelly Melberg | CENTURY 21 Lund, Realtors

Recent Sales near 2423 Mitchell Ave NE

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

120 Phoenix St NE, Olympia, WA 98506 - Photo 1 Sold
$449,000

120 Phoenix St NE  Olympia, WA 98506

  • Single Family
  • Closed
  • 5
    Beds
  • 2
    Total Baths
  • 2,045
    Sq. Ft.
Listed by Peter Henry | Networks Real Estate LLC
Sold by Amber McDonald | eXp Realty
2903 8th Ave NE, Olympia, WA 98506 - Photo 1 Sold
$549,990

2903 8th Ave NE  #30  Olympia, WA 98506

  • Single Family
  • Closed
  • 3
    Beds
  • 3
    Total Baths
  • 1,959
    Sq. Ft.
Listed by Robin R. Bader | BMC Realty Advisors Inc and Ryan E. Olson | BMC Realty Advisors Inc
Sold by Remi Evergreen | Redfin
2109 Olympia Ave NE, Olympia, WA 98506 - Photo 1 Sold
$525,000

2109 Olympia Ave NE  Olympia, WA 98506

  • Single Family
  • Closed
  • 3
    Beds
  • 2
    Total Baths
  • 1,192
    Sq. Ft.
Listed by Jessica C Liederbach | RE/MAX Advantage
Sold by Teri Bevelacqua | RE/MAX Advantage
2902 6th Avenue NE, Olympia, WA 98506 - Photo 1 Sold
$524,990

2902 6th Avenue NE  Olympia, WA 98506

  • Single Family
  • Closed
  • Updated 7 days ago
  • 4
    Beds
  • 3
    Total Baths
  • 1,959
    Sq. Ft.
Listed by Sandra Corpuz Snipper | BMC Realty Advisors Inc
Sold by Jordan Reyes | Climb Realty

2423 Mitchell Avenue NE, Olympia, WA 98506 (MLS# 2447772) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 2423 Mitchell Avenue NE is currently listed for $500,000 and was received on October 24, 2025. Want to learn more about 2423 Mitchell Avenue NE? Do you have questions about finding other Multi-Family real estate for sale in Downtown Olympia? You can browse all Downtown Olympia real estate or contact a Coldwell Banker agent to request more information.

Tour this property