$575,000
Est. $2,886/mo4 bd•2 ba•1,588 sq ft
521 & 523 Boulevard Road Se, Olympia, WA 98501
• Listed 2026-05-01•37 days on market
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Based on information submitted to the MLS GRID as of June 1, 2026 at 04:31pm (date and time MLS GRID Data was obtained). 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.
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Outstanding opportunity in a highly desirable Olympia location! Featuring two income-producing 2-bedroom, 1-bath homes on one lot, plus a separate adjacent building lot zoned 4–8 units per acre. Currently rented, offering immediate returns with future upside. 523 is 769 sq. ft., built in 1962, and has been updated with a newer roof, flooring, and siding, and rented for $1,670.00 a month, while the front home, 521, is 839 sq. ft., built in 1965, and presents an opportunity for improvement with some TLC (currently rented for a VERY low rent of $787.50). Each residence includes an adjacent carport. Developers and investors will appreciate the flexibility—build on the additional lot while maintaining rental income, or explore options to condominiumize or short-plat for individual resale, with alley access available (buyer to verify). A rare combination of location, income, and development potential! The listing reflects the combined sq. footage of 521 and 523, and each lot is 5,779 square feet. Taxes are $4,658.11 for 521 and 523, $1,824.27 for the lot. Recent inspections have been completed and are available upon request. Do not disturb the tenants. Viewing of the interior will be upon mutual acceptance of the offer. What a great investment!
Listed by Julia Galleher • Keller Williams Realty PS
Listing updated: June 1, 2026 at 04:31pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2516854
Open houses
No upcoming open houses scheduled for this property.
Nearby open houses (2)
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Open Fri, Jul 10 +1
Open Sat, Jul 18$478,000
-$97,000 under list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $335K and $625K.
Rental earnings
$1,425/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$404,000Last sold price
1958 12th Avenue Se, Olympia, WA 98501
$490,000Last sold price
411 Boundary Street Se, Olympia, WA 98501
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
521 & 523 Boulevard Road Se, Olympia, WA 98501
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
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Olympia is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 14 days.
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Distance
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Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jul 2026
Olympia School District
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
