Duplex investment opportunity in Tumwater Hill! This income-producing duplex offers 6,077 SF of total living space, inc the basement, 6 bedrooms, 5.75 baths, 2 grand rooms & 900+ SF basement recording studio. Perfect for multigenerational living or co-living needs, features connected interiors, allowing it to function as a single-family home if desired. Stunning Mt. Rainier views from balcony, spacious yard w/garden beds & potential to convert front garage into additional living space. Located in a quiet community near the I-5 corridor, it's just minutes to downtown Tumwater, Olympia, shopping, golfing, state parks & rivers. Incredible opportunity for investors or versatile living options. Ample parking. No HOA! Priced to sell now-hurry!
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
Tumwater is located in Washington. Tumwater, Washington has a population of 24,855. Tumwater is more family-centric than the surrounding county with 32.89% of the households containing married families with children. The county average for households married with children is 31.46%.
The median household income in Tumwater, Washington is $77,849. The median household income for the surrounding county is $81,501 compared to the national median of $69,021. The median age of people living in Tumwater is 35.4 years.
The average high temperature in July is 77.6 degrees, with an average low temperature in January of 34.4 degrees. The average rainfall is approximately 49.5 inches per year, with 6 inches of snow per year.