231 Thomas Street Northwest
231 Thomas Street Northwest
Olympia, WA 98502
$495,000
Price
2
Beds
2
Baths
1,120 Sq. Ft.
$442 / Sq. Ft.
1,120
Sq. Ft.
$442
per Sq. Ft.
Pending Inspection
Pending Inspection
Listing provided courtesy of Group 7 Inc., Real Estate Serv
Description
Great starter or investment home! Live in one side and collect rent from the other. Units feature wall to wall carpet covering hardwood floors, there are built-ins and archways in this charming 1948 duplex with detached double car garage giving a single bay to each unit. Separately metered utilities and electricity. Basically no vacancy over the years. Great West-side location and schools. Across the street from Woodruff Park! Unit at 231 will give notice to vacate within 60 days of closing. All...Great starter or investment home! Live in one side and collect rent from the other. Units feature wall to wall carpet covering hardwood floors, there are built-ins and archways in this charming 1948 duplex with detached double car garage giving a single bay to each unit. Separately metered utilities and electricity. Basically no vacancy over the years. Great West-side location and schools. Across the street from Woodruff Park! Unit at 231 will give notice to vacate within 60 days of closing. All leases are month to month.
- Listed by Betty L Bailey • Group 7 Inc., Real Estate Serv
Property Details for 231 Thomas Street Northwest
Community Name
Westside
School DistrictOlympia
ViewSee Remarks, Territorial
Number of Assigned Spaces4
Total Covered Parking2
Entry Date04-24-2024
Energy SourceNatural Gas
SewerSewer Connected
Location
Listing Courtesy of Group 7 Inc., Real Estate Serv![]()
Add your commute
LISTING UPDATED: 05/03/2024 06:17 PM
Property Details for 231 Thomas Street Northwest
| Status | Pending Inspection |
|---|---|
| MLS # | 2226613 |
| Days on Market | 9 |
| Cumulative Days on Market | 9 |
| Taxes | $3,937 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1948 |
| Lot Size | 0.13 AC / 5,500 SF |
| County | Thurston County |
Location
Listing Courtesy of Group 7 Inc., Real Estate Serv![]()
Add your commute
Building Information for 231 Thomas Street Northwest
Stories1Residences2Year Built1948Building Size-Lot Size0.13 AC / 5,500 SF
Payment Calculator
$3,030 per month
30 year fixed, 7.25% Interest
Principal and Interest
$2,701
Property Taxes
$328
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 231 Thomas Street Northwest
Summary
Location and General Information
- Style: 52 - Duplex
- Site Features: Cable TV, High Speed Internet
- Area: 444 - Olympia Westside
- Elementary School: Garfield Elem
- Middle Or Junior School: Jefferson Mid
- High School: Capital High
- Directions: From downtown Olympia, take Olympic Way to Harrison Ave NW to right on Thomas St to home on left.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 2.0
- Open Parking: Yes
Interior and Exterior Features
Interior Features
- Floor Covering: Hardwood, Vinyl, Carpet
- Features: Hardwood, Wall to Wall Carpet
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Forced Air
- FIRPTA: No
Exterior Features
- Exterior: Wood
- Roof: Composition
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 0
- Power Company: Puget Sound Energy
- Sewer Company: City of Olympia
- Water Company: City of Olympia
- Power Production Type: Natural Gas
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Class: Multi-Family
- First Right Of Refusal: false
- Possible Use: Multi-Family
- MLS Square Footage Source: county record
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 16
Lot Information
- Lot Details: Adjacent to Public Land, Curbs, Paved, Sidewalk
- Lot Size Dimensions: 50' x 110'
- Lot Size Source: County record
- Parcel Number Free Text: 85003301500
- Calculated Square Footage: 1120
- Structure Type: Duplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 1120.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 2
- Number of Stories in Building: 1
- Vacancy Rate: 0
- Number Of Units Total: 2
- Units Below Grade: false
- Units In Building Total: 2
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 4842
- Gross Adjusted Income: 19518
- Gross Rent Multiplier: 20
- Gross Scheduled Income: $24,360
- Insurance Expense: $905
- Net Operating Income: $19,518
- Other Expenses: $0
- Total Monthly Income: 1910
- Fuel Expense: $0
Unit 1
- Name Unit 1: 231
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Square Feet Unit 1: 560
- Rent Unit 1: $990.00
- Bedrooms Unit 1: 1
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 233
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Square Feet Unit 2: 560
- Rent Unit 2: $920.00
- Bedrooms Unit 2: 1
- Bathrooms Unit 2: 1
Rental
Rent Information
- Occupant Type: Vacant
- Leasable Area: 1120.0
- Leasable Area Units: Square Feet
Property History for 231 Thomas Street Northwest
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 231 Thomas Street Northwest
Taxable ValueLand$246,900Additions$129,300Total$376,200
Tax Record2024$3,937 ($328 / month)
Home Facts
Baths2Total Finished SqFt1,120 SqFtAbove Ground SqFt1,120 SqFtStories1Lot Size5,663 SqFtStyleMulti-Family Dwelling (2-4)Year Built1948Year Renovated1986CountyTHURSTONAPN8500-33-01500Fireplace TypeHas Fireplace
Schools near 231 Thomas Street Northwest
This home is within Olympia School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Garfield Elementary School PublicPK to 5 | ||
Jefferson Middle School Public6 to 8 | ||
Avanti High School Public9 to 12 | ||
Capital High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.
Homes for Sale near Northwest Olympia
Neighborhoods
Cities
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Group 7 Inc., Real Estate Serv
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.