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520 Bates Street SE Tumwater, WA $ 525,000
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520 Bates Street SE
$ 525,000
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520 Bates Street SE

Tumwater, WA, 98501
$ 525,000
Baths0.0 Sq 1,722

Monthly Estimate*

$ 3,144

Listed by Better Properties N. Proctor
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Studio

Multi-Family Home for sale in Tumwater, WA

for $525,000. This 1,722 square foot home was built in 1937 on a lot size of 0.2032.

1937 Tumwater duplex with genuine warmth and lots of character, situated nicely on a large lot. Enjoy lovely oak hardwood flooring, quaint tiled period kitchens, shared yet separated back yards with new fencing, clean and dry basement for storage, ping pong, etc. and laundry hookups. Storage in garage off the alley in back. High walkability, close to great local restaurants, grocery shopping, Tumwater Falls Park and I-5 entrance. 516 and 520 are mirror images of each other with the exception that 520 has a second bedroom upstairs with new carpeting. Both units have their own separate gas forced air furnace. 516 has a wood stove and 520 has a fireplace. Terrific location for state or capital workers. Fully rented cap rate of 6.29

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Multi-Family Active

Price

$ 525,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 4,533

Style

Duplex

Lot Size

0.2032

Year Built

1937

Town/City

Tumwater

County/Region

Thurston

MLS | Web ID

2287782
Features
General
Interior Features Ceramic Tile Concrete Hardwood Wall to Wall Carpet
Sewer Sewer Connected
Heating Forced Air Insert Other See Remarks
Cooling None
Possession Closing Tenant's Rights
Roof Composition
Exterior Features Wood
HOA 0
Security Features FullyFenced
Year Built 1937
Property SubType Multi-Family
Tax Year 2023
County Thurston
Net Operating Income 32853
Insurance Expense 1313
New Construction N
Property Type Residential Income
Home Owner Assoc N
Energy Efficient Thermal Windows
Subdivision Name Tumwater
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions From Capital Blvd East on Custer South on Cleveland West on Bates.
High School Buyer To Verify
City Tumwater
View Y/N N
Senior Community Y/N N
High School District Tumwater
Open Parking Spaces 0
NumberOfUnitsTotal 2
MLS Area 448 - Olympia South
Lot Size Units Square Feet
Lot Size Square Feet 8850
Waterfront Y/N N
Carport Spaces 0
Carport Y/N N
Terms Cash Out Conventional
Elementary School Buyer To Verify
Tax Annual Amount 4533.36
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Buyer To Verify
Property Condition Good
Public Remarks 1937 Tumwater duplex with genuine warmth and lots of character situated nicely on a large lot. Enjoy lovely oak hardwood flooring quaint tiled period kitchens shared yet separated back yards with ne
Leasable Area 1722
Structure Type Duplex
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Amenities Basement Thermal Windows
Water Company City of Tumwater
Units Below Grade false
Units In Building Total 2
Zoning Class Multi-Family
Water Sewer Garbage 3600
Property Style 52 - Duplex
Cap Rate 6.29
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Interior
Flooring Ceramic Tile Concrete Hardwood Carpet
Total Fireplaces 0
Total Stories 3
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Bedrooms Possible 0
Power Production Type Electric Wood
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Exterior
Parking Features RV Parking
Lot Features Alley Curbs Paved
Water Source Public
Total Parking 0
Foundation Details Poured Concrete
Building Area Total 1722
Lot Size Acres 0.2032
Covered Spaces 0
Open Parking Y/N N
Irrigation Water Rights Y/N N
Site Features Cable TV Fenced-Partially High Speed Internet Outbuildings Patio RV Parking
Parking Uncovered Spaces 0
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Internal Only
OriginalMLSID NWM2287782
Street Number 1 520
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* Excluded Features
List By
Valerie Albright

Listing Agent

Better Properties N. Proctor

Broker

Affordability Calculator

$3,522
Per Month
89%
11%
0%
Monthly Principal & Interest
$3,144
Monthly Property Taxes
$378
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3100120 Elementary School
3100340 Middle School
Buyer To Verify High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/15/2024$525,000 Listed Price

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520 Bates Street SE, Tumwater, WA, 98501 is a Multi-Family Home for sale at $525,000 with 1,722 sqft and a lot size of 0.2032. 520 Bates Street SE is a studio with 0.0 baths and was built in 1937. The property's zip code is 98501 which is in Tumwater, WA

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