520 Bates Street Southeast
Tumwater, WA 98501
$514,900
Price
3
Beds
2
Baths
1,722 Sq. Ft.
$299 / Sq. Ft.
1,722
Sq. Ft.
$299
per Sq. Ft.
Listing provided courtesy of Better Properties N. Proctor
Description
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...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
- Listed by Valerie Albright • Better Properties N. Proctor
Property Details for 520 Bates Street Southeast
Community Name
Tumwater
School DistrictTumwater
Number of Assigned Spaces0
Total Covered Parking0
Entry Date09-15-2024
Energy SourceElectric,Wood
SewerSewer Connected
LISTING UPDATED: 11/13/2024 12:26 PM
Property Details for 520 Bates Street Southeast
| Status | Active |
|---|---|
| MLS # | 2287782 |
| Days on Market | 98 |
| Cumulative Days on Market | 98 |
| Taxes | $4,533 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1937 |
| Lot Size | 0.20 AC / 8,850 SF |
| County | Thurston County |
Building Information for 520 Bates Street Southeast
Stories3Residences2Year Built1937Building Size-Lot Size0.20 AC / 8,850 SF
Property Information for 520 Bates Street Southeast
Summary
Location and General Information
- Style: 52 - Duplex
- Site Features: Cable TV, Fenced-Partially, High Speed Internet, Outbuildings, Patio, RV Parking
- Area: 448 - Olympia South
- Elementary School: Buyer To Verify
- Middle Or Junior School: Buyer To Verify
- High School: Buyer To Verify
- Directions: From Capital Blvd, East on Custer, South on Cleveland, West on Bates.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2023
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Parking Type: RV Parking
- Open Parking Spaces: 0.0
- Open Parking: No
- Parking Features: RV Parking
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
- Floor Covering: Ceramic Tile, Concrete, Hardwood, Carpet
- Features: Ceramic Tile, Concrete, Hardwood, Wall to Wall Carpet
- Amenities: Basement,Thermal Windows
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Forced Air, Insert, Other – See Remarks
- FIRPTA: No
Exterior Features
- Exterior: Wood
- Roof: Composition
- Security Features: FullyFenced
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 3600
- Power Company: PSE
- Sewer Company: City of Tumwater
- Water Company: City of Tumwater
- Power Production Type: Electric, Wood
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Class: Multi-Family
- First Right Of Refusal: false
- Possible Use: Multi-Family
- MLS Square Footage Source: Realist
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 30
Lot Information
- Lot Details: Alley, Curbs, Paved
- Lot Size Source: Realist
- Parcel Number Free Text: 84900101100
- Building Condition: Good
- Calculated Square Footage: 1722
- Structure Type: Duplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 1722.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
- Green Energy Efficient: Thermal Windows
Multi Family
Building Details
- Number of Uncovered Spaces: 0
- Number of Stories in Building: 3
- 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: 9446.36
- Gross Adjusted Income: 42300
- Gross Rent Multiplier: 0
- Gross Scheduled Income: $42,300
- Insurance Expense: $1,313
- Net Operating Income: $32,853
- Other Expenses: $0
- Total Monthly Income: 3525
- Fuel Expense: $0
Unit 1
- Name Unit 1: 516
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Square Feet Unit 1: 700
- Rent Unit 1: $1,650.00
- Bedrooms Unit 1: 1
- Fireplaces Unit 1: 1
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 520
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Square Feet Unit 2: 1120
- Rent Unit 2: $1,875.00
- Bedrooms Unit 2: 2
- Fireplaces Unit 2: 1
- Bathrooms Unit 2: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 1722.0
- Leasable Area Units: Square Feet
Property History for 520 Bates Street Southeast
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 520 Bates Street Southeast
This home is within Tumwater School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 12 |
Rating | School | Distance |
|---|---|---|
Tumwater Hill Elementary School PublicPK to 5 | ||
Tumwater Middle School Public6 to 8 | ||
A G West Black Hills High School Public9 to 12 | ||
Thurs Co Juv Det/Tumwater West E Public6 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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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 Better Properties N. Proctor
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.
