PROPERTIES FOR SALE

521 Boulevard Road SE Olympia, WA 98501

Two properties and an additional lot just minutes from downtown! Wow! Each home is 2 bedroom, 1 bathroom plus a carport. Great investment! There is an alley (right side of the picture) where is appears you could access 523--buyer to verify.
Two properties and an additional lot just minutes from downtown! Wow! Each home is 2 bedroom, 1 bathroom plus a carport. Great investment! There is an alley (right side of the picture) where is appears you could access 523--buyer to verify.
Here is the front of both properties.
Here is the front of both properties.
This is the view from across the street where you can see the homes on the right side and the vacant lot on the left.
This is the view from across the street where you can see the homes on the right side and the vacant lot on the left.
Unit 523 is 749 sq. ft. and built in 1962 and has a newer roof, siding and flooring. Currently rented for $1,670.00 (including $70.00 per month for a pet). Lease is up 9/10/2026.
Unit 523 is 749 sq. ft. and built in 1962 and has a newer roof, siding and flooring. Currently rented for $1,670.00 (including $70.00 per month for a pet). Lease is up 9/10/2026.
2nd view of unit 523.
2nd view of unit 523.
This is a good view of 523 and the alley is just to the left. Possible alley access to 523 to the carport (buyer to verify).
This is a good view of 523 and the alley is just to the left. Possible alley access to 523 to the carport (buyer to verify).
Unit 523: This is the view from the kitchen looking into the dining room and living room. Newer flooring too!
Unit 523: This is the view from the kitchen looking into the dining room and living room. Newer flooring too!
Unit 523: Here is the kithcne and utility area for unit 523.
Unit 523: Here is the kithcne and utility area for unit 523.
Here is another view of the kitchen and utility area for unit 523 (currently occupied).
Here is another view of the kitchen and utility area for unit 523 (currently occupied).
523: This is the view from the living room to the kitchen.
523: This is the view from the living room to the kitchen.
Unit 523: Here is the view of the kitchen and hallway leading to the bathroom and bedrooms.
Unit 523: Here is the view of the kitchen and hallway leading to the bathroom and bedrooms.
Unit 523: View of the primary bedroom for 523.
Unit 523: View of the primary bedroom for 523.
523: This is the picture of the 2nd bedroom.
523: This is the picture of the 2nd bedroom.
This is the bathroom for unit 523 and the pictures came from the property manager.
This is the bathroom for unit 523 and the pictures came from the property manager.
2nd view of the bathroom for 523.
2nd view of the bathroom for 523.
Unit 523 and 521 is to the right.
Unit 523 and 521 is to the right.
Each home has 2 bedrooms, 1 bathroom plus a carport. Great investment! There is an alley (right side of the picture) where is appears you could access 523--buyer to verify.
Each home has 2 bedrooms, 1 bathroom plus a carport. Great investment! There is an alley (right side of the picture) where is appears you could access 523--buyer to verify.
Unit 521 is 839 sq. ft., built in 1965 and is to the right and the carport is on the left. This home does need some TLC and is currently rented well below market on a month to month term for $787.50.
Unit 521 is 839 sq. ft., built in 1965 and is to the right and the carport is on the left. This home does need some TLC and is currently rented well below market on a month to month term for $787.50.
Here is a picture of 521. The carport is on the left side.
Here is a picture of 521. The carport is on the left side.
Lot 9 has the two homes on it and lot 10 is ready for you to build! It appears that 523 can be accessed from the alley too. (Buyer to verify)
Lot 9 has the two homes on it and lot 10 is ready for you to build! It appears that 523 can be accessed from the alley too. (Buyer to verify)
The lot is approx. 53 ' X 110 '. The lot the homes are located on is approx. 53' X 110'.
The lot is approx. 53 ' X 110 '. The lot the homes are located on is approx. 53' X 110'.
Here is a view of the lot looking towards the street.
Here is a view of the lot looking towards the street.
Here is the view from the corner of the vacant lot.
Here is the view from the corner of the vacant lot.
Another aerial view angle of the two properties and adjacent lot.
Another aerial view angle of the two properties and adjacent lot.
NWMLS Courtesy of Keller Williams Realty PS
521 Boulevard Road SE
Olympia, WA 98501
$599,950
Residential
4 Beds
2.00 Baths
1588 SqFt
Active
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Outstanding opportunity in a highly desirable Olympia location! Featuring two income-producing 2-bedroom, 1-bath homes on one lot, plus a separate adjacent building lot zoned 4–8 units per acre. Currently rented, offering immediate returns with future upside. 523 is 769 sq. ft., built in 1962, and has been updated with a newer roof, flooring, and siding, and rented for $1,670.00 a month, while the front home, 521, is 839 sq. ft., built in 1965, and presents an opportunity for improvement with some TLC (currently rented for a VERY low rent of $787.50). Each residence includes an adjacent carport. Developers and investors will appreciate the flexibility—build on the additional lot while maintaining rental income, or explore options to condominiumize or short-plat for individual resale, with alley access available (buyer to verify). A rare combination of location, income, and development potential! The listing reflects the combined sq. footage of 521 and 523, and each lot is 5,779 square feet. Taxes are $4,658.11 for 521 and 523, $1,824.27 for the lot. Recent inspections have been completed and are available upon request. Do not disturb the tenants. Viewing of the interior will be upon mutual acceptance of the offer. What a great investment!

Property Features

Community: Olympia
1 Story
View: Territorial
Outbuildings
Bus Line Nearby: Yes
Exterior: Wood
Roof: Composition
Parking: Attached Carport
Year Built: 1962
2026 Taxes: $6482.38
Buyer Broker Comp.: 2.5%
Listing #: 2516854

Lot Details

Lot Size: 0.27 acres
Lot Dimensions: 110 x 53 & 110 X 53
Paved

Appliances That Stay

Refrigerator
Stove(s)/Range(s)

Interior

Water Heater
Cooling: None
Heating: Baseboard
Electric

Schools

District: Olympia
Elem: Buyer To Verify
Middle: Buyer To Verify
High: Buyer To Verify
Call or Email:
Grace Wamwere

What's Near 521 Boulevard Road SE Olympia, WA 98501?

More Homes Near 521 Boulevard Road SE Olympia, WA 98501

Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
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