1814 Franklin Street Southeast

Olympia, WA 98501

$500,000
Price
4
Beds
2
Baths
1,786 Sq. Ft.
$280 / Sq. Ft.
1,786
Sq. Ft.
$280
per Sq. Ft.

Description

This well-kept duplex offers a fantastic investment opportunity with low tenant turnover and long-term rental stability. Perfect for investors or owner-occupants, this property features two distinct units. One unit boasts 3 beds & 1 bath. Other unit features 1 bed & 1 bath, plus a fireplace! Two dedicated parking spaces available. Whether you’re looking to generate steady rental income or occupy one unit while renting the other, duplex offers flexibility & long-term investment potential. Quiet neighborhood...This well-kept duplex offers a fantastic investment opportunity with low tenant turnover and long-term rental stability. Perfect for investors or owner-occupants, this property features two distinct units. One unit boasts 3 beds & 1 bath. Other unit features 1 bed & 1 bath, plus a fireplace! Two dedicated parking spaces available. Whether you’re looking to generate steady rental income or occupy one unit while renting the other, duplex offers flexibility & long-term investment potential. Quiet neighborhood with easy access to shopping, dining, amenities & public transportation. State Capitol and I-5 mins away, along with a Private driveway for all your parking needs on side of Duplex. Either keep as Duplex or Make one Main home.
  1. Listed by Ronald Rougeaux • eXp Realty

Property Details for 1814 Franklin Street Southeast

Community Name
Olympia
School District
Olympia
View
Territorial
Number of Assigned Spaces
3
Total Covered Parking
0
Entry Date
01-24-2025
Energy Source
Electric,Natural Gas
Sewer
Sewer Connected
LISTING UPDATED: 02/07/2025 02:32 PM

Property Details for 1814 Franklin Street Southeast

StatusActive
MLS #2321462
Days on Market25
Cumulative Days on Market25
Taxes$4,761 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1913
Lot Size0.11 AC / 5,000 SF
CountyThurston County

Building Information for 1814 Franklin Street Southeast

Stories2Residences2Year Built1913Building Size-Lot Size0.11 AC / 5,000 SF

Property Information for 1814 Franklin Street Southeast

Summary
Location and General Information
  • Style: 52 - Duplex
  • Area: 447 - Olympia North
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify
  • Directions: From I5-N, exit 105 toward State Capitol/City Ctr, merge onto 14th Ave SE, at the traffic circle take the 3rd exit to Jefferson St SE, R onto Maple Park Ave SE, Turn L onto Franklin, home is on L.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2024
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 3.0
  • Open Parking: Yes
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
  • Bedrooms Possible: 0
Interior Features
  • Fireplaces Total: 0
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Forced Air
  • FIRPTA: No
Exterior Features
  • Exterior: Wood
  • Roof: Composition
Property
Utilities
  • Water/Sewer/Garbage: 2878
  • Power Production Type: Electric, Natural Gas
Property and Assessments
  • New Construction YN: No
  • MLS Square Footage Source: Realist
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 26
Lot Information
  • Lot Size Source: Realist
  • Parcel Number Free Text: 39400200600
  • Calculated Square Footage: 1786
  • Structure Type: Duplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 1786.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 3
  • 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: 10011
  • Gross Adjusted Income: 12677
  • Gross Rent Multiplier: 24.24
  • Gross Scheduled Income: $22,688
  • Insurance Expense: $1,152
  • Net Operating Income: $12,677
  • Other Expenses: $1,220
  • Total Monthly Income: 1890
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 1814
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: false
  • Square Feet Unit 1: 1200
  • Rent Unit 1: $1,034.00
  • Bedrooms Unit 1: 3
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 1814 1/2
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: false
  • Square Feet Unit 2: 588
  • Rent Unit 2: $856.00
  • Bedrooms Unit 2: 1
  • Fireplaces Unit 2: 1
  • Bathrooms Unit 2: 1
Rental
Rent Information
  • Occupant Type: Vacant
  • Leasable Area: 1786.0
  • Leasable Area Units: Square Feet

Property History for 1814 Franklin Street Southeast

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 1814 Franklin Street Southeast

This home is within Olympia School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Lincoln Elementary School
PublicK to 5

Washington 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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1814 Franklin Street Southeast is a multi-family home for sale in Olympia, WA 98501. This property was listed for sale on January 24, 2025 by eXp Realty, it's currently listed at $500,000. This listing's school district is Olympia School District. Nearby schools include Lincoln Elementary School, Washington Middle School and Olympia High School. 1814 Franklin Street Southeast is a 4-bed, 2-bath, 1,786 sqft multi-family home built in 1913.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty

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.