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$525,000

  • For Sale
  • Active
  • Multi-Family

Listed by Rhonda C Olnick | Redfin | (360) 558-3945

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Step into the charm of this classic Craftsman duplex, offering sweeping views of Capitol Lake and the Deschutes Estuary. Rarely available, this centrally located property puts you close to shopping, I-5, downtown Olympia, and the State Capitol. The flexible layout features two bedrooms upstairs and one bedroom downstairs, creating an excellent opportunity for an owner-occupant to live in one space while generating rental income from the other. Classic Craftsman details add timeless character throughout, including crown molding, ceramic tile, and a real wood-burning fireplace. A unique opportunity to own a piece of Olympia with beautiful views and income potential.

Full Property Details for 3203 Capitol Blvd SW

General

  • Price: $525,000
  • Taxes: (2026)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2582348
  • Updated: 9/17/2026
  • Added to Site: 25 day(s) ago

Interior

  • Flooring: Ceramic Tile, Hardwood, Softwood, Vinyl, Carpet

Additional Information

  • Amenities: Cable TV, Deck, Gas Available, Patio

Parking

  • Uncovered Spaces: 2

Location

  • Area: 448 - Olympia South
  • County: Thurston
  • Subdivision: South Eastside Olympia
  • Driving Directions: GPS Friendly.

School Information

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

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: See Remarks
  • Heating Type: Forced Air

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Duplex
  • Exterior Const.: Metal/Vinyl, Wood, Wood Products
  • Foundation: Poured Concrete
  • Roof: Composition
  • Stories in Building: 2
  • Square Feet: 2,196
  • Year Built: 1927
  • Property Condition: Good

Unit Information

  • Units in Building: 2

Lot Features

  • Property View: Lake, Partial
  • Lot Size (Acres): 0.1694
  • Lot Size (Sq. Ft.): 7,380
  • Lot Size Source: Realist - Buyer to Verify
  • Lot Features: Paved, Sidewalk
  • Zoning: Multi-Family

Green Features

  • Energy Efficient: Thermal Windows

Financial Considerations

  • Tax Year: 2026
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 9250006000

Listed by Rhonda C Olnick | Redfin | (360) 558-3945

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NMLS#: 1598647

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NMLS#: 1598647

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

Schools serving 3203 Capitol Blvd SW

School District:Tumwater School District
NameGradesDistance
Peter G Schmidt Elementary School
237 Dennis Street Southeast, Tumwater, WA 98501
K-50.6 mi
George Washington Bush Middle School
2120 83rd Avenue Southwest, Tumwater, WA 98512
6-82.2 mi
Tumwater High School
700 Israel Road Southwest, Tumwater, WA 98501
9-120.8 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 3203 Capitol Blvd SW Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/15/2026
Listed
$525,000
267.13%
MLS
3/17/1992
Sold
$143,000
—
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 3203 Capitol Blvd SW

Year
Property Taxes
Change
Tax Assessment
Change
2026
$5,418
9%
$543,500
9%
2025
$4,954
25%
$497,800
46%
2021
$3,957
-16%
$341,600
-29%
2023
$4,715
19%
$483,200
57%
2021
$3,957
33%
$308,300
38%
2020
$2,965
-1%
$223,800
-8%
2019
$3,009
-4%
$242,300
-1%
2018
$3,150
47%
$244,000
50%
2017
$2,141
10%
$162,850
13%
2016
$1,955
26%
$143,650
26%
2015
$1,557
-2%
$114,000
—
2014
$1,593
—
$114,200
—
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 Rhonda C Olnick | Redfin | (360) 558-3945

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3203 Capitol Boulevard SW, Tumwater, WA 98501 (MLS# 2582348) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 3203 Capitol Boulevard SW is currently listed for $525,000 and was received on September 15, 2026. Want to learn more about 3203 Capitol Boulevard SW? Do you have questions about finding other Multi-Family real estate for sale in Tumwater? You can browse all Tumwater real estate or contact a Coldwell Banker agent to request more information.

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