2511 Prospect Avenue Northeast

2511 Prospect Avenue Northeast

Olympia, WA 98506

$375,000
Last Sold Price
2
Beds
2.5
Baths
1,422 Sq. Ft.
$264 / Sq. Ft.
1,422
Sq. Ft.
$264
per Sq. Ft.

Sold 1/15/21

Sold 1/15/21

a view of a house with a yard
a front view of a house with a yard and trees
a view of a brick house with a outdoor space
a kitchen with white cabinets and appliances
a kitchen with white cabinets and appliances
a kitchen with stainless steel appliances granite countertop a sink and a stove
a room with storage and utility
a view of a dining room with furniture and wooden floor
a view of a workspace with furniture and a window
a utility room with dryer and washer
a bathroom with a sink a toilet and a bathtub
a bathroom with a toilet a sink a vanity and mirror
a bedroom with a bed and wooden floor
a bed sitting in a bedroom next to a window
a living room with furniture window and wooden floor
a living room with furniture and a large window
a living room with furniture and wooden floor
a living room with furniture and a large window
a group of people sitting on a kitchen floor
a living room with furniture and a window
a kitchen with cabinets and wooden floor
a kitchen that has a lot of cabinets and wooden floor
a living room with furniture and flowers
a bedroom with a bed and a painting on the wall
a bedroom with a bed and painting on the wall
a bathroom with a sink toilet and shower
a view of buildings from the balcony
a backyard of a house with table and chairs
a view of a backyard with sitting area furniture and plants
a front view of a house with plants and entryway
a view of a house with a yard and sitting chair
a view of a house with a backyard
a front view of house with yard and green space
a view of a house with a yard and a large tree
Listing provided courtesy of Abbey Realty Inc, Signature Service RE Olympia

Description

Investment opportunity to either owner occupy or add to your rental portfolio! Own a turn-key duplex in the desirable NE Olympia location! Over a 6.5% cap rate! Great ROI! Both units recently updated with very nice finishes! Tile floors + shower, engineered hardwood. Newer 30 year comp. roof, fresh paint, romex wiring, insulated attic and crawl space, nice backyard with divider fence. Gas furnaces in each unit. The upstairs unit is month to month and the downstairs unit is through July 2021.Investment opportunity to either owner occupy or add to your rental portfolio! Own a turn-key duplex in the desirable NE Olympia location! Over a 6.5% cap rate! Great ROI! Both units recently updated with very nice finishes! Tile floors + shower, engineered hardwood. Newer 30 year comp. roof, fresh paint, romex wiring, insulated attic and crawl space, nice backyard with divider fence. Gas furnaces in each unit. The upstairs unit is month to month and the downstairs unit is through July 2021.
  1. Listed by Savannah A. Parker • Abbey Realty Inc

Property Details for 2511 Prospect Avenue Northeast

Community Name
Olympia
School District
Olympia
Number of Assigned Spaces
6
Total Covered Parking
0
Offers Review Date
11-10-2020
Entry Date
11-05-2020
Energy Source
Natural Gas
Sewer
Septic Tank

Location

Listing Courtesy of Abbey Realty Inc

Sold By Signature Service RE Olympia

Add your commute
LISTING UPDATED: 12/05/2022 01:07 PM

Property Details for 2511 Prospect Avenue Northeast

StatusSold
MLS #1685864
Days on Market26
Cumulative Days on Market496
Taxes$3,144 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1901
Lot Size0.14 AC / 6,300 SF
CountyThurston County

Location

Listing Courtesy of Abbey Realty Inc

Sold By Signature Service RE Olympia

Add your commute

Building Information for 2511 Prospect Avenue Northeast

Stories2Residences2Year Built1901Building Size-Lot Size0.14 AC / 6,300 SF

Payment Calculator

$2,309 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,047

Property Taxes

$262

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2511 Prospect Avenue Northeast

Summary
Location and General Information
  • Style: 52 - Duplex
  • Site Features: Cable TV, Fenced-Partially, Gas Available, High Speed Internet
  • Area: 447 - Olympia North
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify
  • Effective Year Built Source: See Remarks
  • Directions: Martin Way south, Right on Phoenix, left on Prospect, House is on the left.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2020
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 6.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Ceramic Tile, Hardwood, Vinyl, Carpet
  • Features: Forced Air, Ceramic Tile, Hardwood, Wall to Wall Carpet
  • Amenities: See Remarks,Thermal Windows
  • Fireplace: No
  • Heating: Yes
  • FIRPTA: No
Exterior Features
  • Exterior: Wood, Wood Products
  • Roof: Composition
Property
Utilities
  • Heating and Cooling: Forced Air,Wall
  • Water Source: Public
  • Water/Sewer/Garbage: 1200
  • Power Company: PSE
  • Sewer Company: Septic
  • Water Company: City of Olympia
  • Power Production Type: Natural Gas
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Septic System, Natural Gas Connected
Property and Assessments
  • New Construction YN: No
  • Foundation: Post & Block
  • Zoning Class: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 2017
  • Photos Count: 34
Lot Information
  • Lot Details: Paved
  • Lot Size Source: Assessor
  • Parcel Number Free Text: 68901500300
  • Calculated Square Footage: 1422
  • Structure Type: Duplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 1422.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
  • Green Energy Efficient: Thermal Windows
Multi Family
Building Details
  • Number of Uncovered Spaces: 6
  • Number of Stories in Building: 2
  • 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: 5424
  • Gross Adjusted Income: 30000
  • Gross Rent Multiplier: 12
  • Gross Scheduled Income: $30,000
  • Insurance Expense: $1,080
  • Net Operating Income: $24,576
  • Other Expenses: $0
  • Total Monthly Income: 2500
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 2511
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: false
  • Square Feet Unit 1: 525
  • Rent Unit 1: $1,100.00
  • Bedrooms Unit 1: 1
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 2513
  • Washer/Dryer Unit 2: true
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: false
  • Square Feet Unit 2: 879
  • Rent Unit 2: $1,400.00
  • Bedrooms Unit 2: 1
  • Bathrooms Unit 2: 2
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 1404.0
  • Leasable Area Units: Square Feet

Property History for 2511 Prospect Avenue Northeast

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2511 Prospect Avenue Northeast

Taxable ValueLand$233,300Additions$164,400Total$397,700
Tax Record2023$3,970 ($331 / month)
Home Facts
Baths2.5Total Finished SqFt1,422 SqFtAbove Ground SqFt1,422 SqFtStories2Lot Size6,098 SqFtStyleMulti-Family Dwelling (2-4)Year Built1901Year Renovated1990CountyTHURSTONAPN6890-15-00300Fireplace TypeHas Fireplace

Schools near 2511 Prospect Avenue Northeast

This home is within Olympia School District.
Rating
School
Type
Grades
Distance
Roosevelt Elementary School
Public - PK to 5
Reeves Middle School
Public - 6 to 8
Olympia High School
Public - 9 to 12
Avanti High School
Public - 9 to 12
Rating
School
Distance
Roosevelt Elementary School
PublicPK to 5

Reeves Middle School
Public6 to 8

Olympia High School
Public9 to 12

Avanti 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.

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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 Abbey Realty Inc

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.