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Listing Firm: Networks Real Estate LLC: Peter Henry

Bought With: Mosaic Realty : David Pichler

SOLD On November 29, 2021
NWMLS # 1845220

$555,000

  • Sold Price
  • - Beds
  • - Baths
  • 2600 Sq.ft.

633 School Street SE #635, Olympia, WA 98503

Listings with the three tree icon are courtesy of NWMLS

About This Property

Looking for the PERFECT investment property...then LOOK NO FURTHER. This big 2600 SF duplex is sure to fit the bill. Each side features 3 bed and 1.5 bath and is 1300 SF. Huge back yard and extra long 1 car garage to boot! Recent upgrades include 40 year roof (2017) and recent exterior paint (2020). New appliances in BOTH units the last couple years as well as a new water heater in unit 635. HARD to find 3 bedroom units are always in demand and these bedrooms are HUGE and that half bath comes in really handy! Easy commute to I-5. Close to schools, Costco and multiple grocery stores. Long term renter unit 633 (23 years qualifies) but unit 635 is vacant and ready for new tenant. Pro Forma Cap Rate 6.7%. 5.5% current due to long term tenant

Buyer's Agent: David Pichler • Mosaic Realty

Listed by: Peter Henry • Networks Real Estate LLC

Aris360 Last Checked: 2 Minutes Ago (Aug 02, 2025 08:04 PM)

  • Source: NWMLS as Distributed by MLS Grid #1845220

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: School
  • Zip/Postal Code: 98503
  • City: Olympia

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$3,847 per month
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Property Features

  • County
    • Tanglewilde
  • Community
    • 451 - Hawks Prairie
  • MLS Area
    • 451 - Hawks Prairie
  • Longitude
    • -122.781454
  • Latitude
    • 47.043537
  • Directions
    • North on Lacey Blvd. to Left on Steilacoom to Left on School St. to well maintained duplex on Left. 633 & 635 School St. SE Olympia

  • Interior
    • Wall to Wall Carpet
    • Laminate Hardwood
  • Floors
    • Laminate
    • Carpet
  • Power Production Type
    • Electric
  • Furnished
    • Unfurnished

  • Stories
    • 2
  • Style
    • 52 - Duplex
  • Parking Spaces
    • 2
  • Lot Description
    • Paved,
    • Sidewalk,
  • Foundation
    • Poured Concrete,
  • Elevation
    • Feet
  • Water Source
    • Public,
  • Exterior
    • Wood
    • Wood Products
  • Site Description
    • Cable TV,Fenced-Fully
  • Roof
    • Composition,
  • Septic or Sewer
    • Septic Tank,
  • Lot Size in Acres
    • 1

  • Covered Spaces
    • 2
  • Condition
    • Good,
  • Water
    • Lacey PUD
  • Building Total Area (Sq. Ft.)
    • 24355
  • Has View
    • Yes
  • Utilities
    • Cable Connected,
    • Septic System,
    • Electric,
  • View Description
    • Territorial,

  • High School District
    • North Thurston
  • Jr. High School
    • Nisqually Mid
  • Elementary School
    • Lydia Hawk Elem
  • High School
    • River Ridge High

  • Possession
    • Closing,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi-Family
  • Tax Year
    • 2021
  • Structure Type
    • Condominium,
  • Tax Amount
    • $4379
  • Year Built
    • 1993
  • Effective Year Built
    • 1993
  • Status
    • Sold

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Disclaimer: Based on information submitted to the MLS GRID as of Sat Aug 02 2025 . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Aug 02, 2025 08:04 PM