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$600,000

  • Sold
  • Closed
  • Multi-Family

Listed by John Stormans | Olympic Sotheby's Int'l Realty | (360) 528-4160 and Jim Greene | Olympic Sotheby's Int'l Realty | (360) 528-4160
Sold by Jeanne Tranum | Coldwell Banker Evergreen

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Well-maintained and full of classic charm, this 2,588+/- sq ft duplex is a rare find in Olympia's highly desirable South Capitol neighborhood. Each unit offers 3 spacious bedrooms and 2 bathrooms, blending vintage character with functional living. A fantastic investment opportunity, this property provides strong cash flow potential for investors or is ideal for owner-occupants looking to offset their mortgage with rental income. Located just minutes from the Capitol Campus and vibrant downtown Olympia, enjoy easy access to shops, dining, parks, and more. Whether you're building your portfolio or seeking a home with added financial benefit, this duplex delivers flexibility, charm, and prime location. Come see today!

Full Property Details for 525 527 16th Ave SE

General

  • Sold For: $600,000
  • Taxes: $6,332 (2025)
  • Status: Closed
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2380406
  • Added to Site: 239 day(s) ago

Interior

  • Flooring: Vinyl, Carpet

Additional Information

  • Amenities: Cable TV, Deck, Fenced-Partially, High Speed Internet
  • Security/Safety: Partially Fenced

Parking

  • Carport Spaces: 2
  • Uncovered Spaces: 2

Location

  • Area: 447 - Olympia North
  • County: Thurston
  • Subdivision: Capital Campus
  • Driving Directions: going South on capitol way, take a Left on 16th to home on the right.

School Information

  • High School District: Olympia

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Other – See Remarks

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Duplex
  • Exterior Const.: Wood, Wood Products
  • Foundation: Poured Concrete
  • Roof: Composition
  • Stories in Building: 2
  • Square Feet: 2,588
  • Year Built: 1960

Unit Information

  • Units in Building: 2

Lot Features

  • Lot Size (Acres): 0.19
  • Lot Size (Sq. Ft.): 8,276
  • Lot Size Source: Realist
  • Lot Features: Cul-De-Sac, Curbs, Sidewalk

Financial Considerations

  • Tax Amount: $6,332
  • Tax Year: 2025
  • Terms: Cash Out, Conventional, VA Loan

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 9690024000

Listed by John Stormans | Olympic Sotheby's Int'l Realty | (360) 528-4160 and Jim Greene | Olympic Sotheby's Int'l Realty | (360) 528-4160
Sold by Jeanne Tranum | Coldwell Banker Evergreen

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 525 527 16th Ave SE

School District:Olympia School District
NameGradesDistance
Lincoln Elementary School, Olympia, WA
213 21st Avenue Southeast, Olympia, WA 98501
K-50.3 mi
Washington Middle School, Olympia, WA
3100 Cain Road Southeast, Olympia, WA 98501
6-81.5 mi
Olympia High School
1302 North Street Southeast, Olympia, WA 98501
9-121.1 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 525 527 16th Ave SE

Date
Details
Price
Change
Source
9/19/2025
Sold
$600,000
—
MLS
7/31/2025
Price Reduced
$600,000
-4%
MLS
7/11/2025
Price Reduced
$625,000
-3.85%
MLS
5/23/2025
Listed
$650,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by John Stormans | Olympic Sotheby's Int'l Realty | (360) 528-4160 and Jim Greene | Olympic Sotheby's Int'l Realty | (360) 528-4160
Sold by Jeanne Tranum | Coldwell Banker Evergreen

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525 527 16th Avenue SE, Olympia, WA 98501 (MLS# 2380406) is a Multi-Family property that was sold at $600,000 on September 19, 2025. Want to learn more about 525 527 16th Avenue SE? Do you have questions about finding other Multi-Family real estate for sale in Olympia? You can browse all Olympia real estate or contact a Coldwell Banker agent to request more information.