About 101 2nd Avenue Nw
High-Performing duplex in prime Tumwater location. Moments from the Craft District this fully detached duplex offers exceptional rental income and long-term upside. The refreshed 3-bed, 1-bath main home is leased at $2,657/month through May 2026, while the detached 1-bed 1-bath ADU is vacant and ready for new tenants or owner occupancy. NOI tops $45K/year when fully leased—some of the strongest returns in the county! Ideal for investors seeking a reliable asset or buyers interested in house-hacking with flexibility. Excellent access to I-5, Brewery Park at Tumwater Falls, schools, and local amenities. Strong tenant, solid lease in place, and room to increase total yield on the ADU. Top-tier opportunity in one of the areas strongest markets.
Features of 101 2nd Avenue Nw
| MLS® # | 2435878 |
|---|---|
| Price | $599,000 |
| Price Per SqFt | $267 |
| Bathrooms | 0.00 |
| Square Footage | 2,244 |
| Acres | 0.14 |
| Year Built | 1930 |
| Type | Income |
| Sub-Type | Multi-Family |
| Status | Active |
Community Information
| Address | 101 2nd Avenue Nw |
|---|---|
| Area | 443 - Tumwater |
| Subdivision | Tumwater Hill |
| City | Olympia |
| County | Thurston |
| State | WA |
| Zip Code | 98512 |
Amenities
| Parking Spaces | 3 |
|---|---|
| Is Waterfront | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 1 |
Exterior
| Exterior Features | Wood, Wood Products |
|---|---|
| Lot Description | Sidewalk |
| Foundation | Block, Concrete Ribbon |
School Information
| District | Tumwater |
|---|---|
| Elementary | Tumwater Hill Elem |
| Middle | Tumwater Mid |
| High | A G West Black Hills |
Additional Information
| Days on Market | 38 |
|---|---|
| Cumulative Days on Market | 38 |
| Days on Website | 34 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Coldwell Banker Evergreen |
|---|