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Listed by Jake Kanev • Windermere Mercer Island.
FOR SALE

$475,000

Est. $2,610/mo

3 bd•1.75 ba•2,494 sq ft

315 24 Avenue SW, Olympia, WA 98501

• Listed Oct 14, 2026•30 days active · 30 cumulative

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★★★★★5.0·1,244 Google reviews

Listing Broker: Windermere Mercer Island; Jake Kanev; 206-686-4700; kanev@windermere.com

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Listing Broker: Windermere Mercer Island; Jake Kanev; 206-686-4700; kanev@windermere.com

About this home

Opportunity abounds on this huge 3/4-acre high bank lakefront property in the historic Capitol Lake Neighborhood! With a spacious existing home and the potential for big lake views, it’s brimming with possibilities for sweat equity or a fresh start. Add your own renovations to the home’s original 1937 charm, which includes period details like exposed timber beams, wood paneling, hardwood floors, and a masonry fireplace. Perched above a private trail down to the lake, it’s perfectly positioned to take advantage of the scenery. OR bring your contractor and design the lake view home of your dreams. Either way, you’ll benefit from the $400million Capitol Lake restoration project currently underway. You’ll also reap the rewards of a fabulous location in one of Olympia’s nicest neighborhoods, just minutes to the Capitol Building, downtown Olympia, downtown Tumwater, and freeway access. Location, lakefront, and a lovely setting...all this property needs is your vision.

Property type
Single Family
Year built
1937
Interior
2,494 sq ft
Lot size
0.74 acres
Parking
Driveway, RV Parking
Price / sq ft
$190
HeatingForced Air
CoolingNone
Property taxes$590/yr (est.)
School districtOlympia

Listed by Jake Kanev • Windermere Mercer Island

Listing updated: October 16, 2026 at 04:52pm

RexMont checked: moments ago

Source: NWMLS as Distributed by MLS Grid #2594307

Around this home

RexMont OfferEdge™

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315 24 Avenue SW, Olympia, WA 98501

List price
$475,000
Down payment
$95,000

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Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.

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.

Property details

Interior features

  • Dining Room
  • Fireplace
  • Loft
  • Water Heater
  • Fireplace (wood burning)
  • Daylight, Partially Finished basement

Kitchen

  • Dishwasher
  • Dryer
  • Refrigerator
  • Stove(s)/Range(s)
  • Washer

Bedrooms

  • 3 bedrooms total
  • 2 on the main level
  • 1 upstairs

Bathrooms

  • 1 full bathroom
  • 1 three-quarter bathroom (shower, no tub)
  • 1.75 bathrooms total (NWMLS count)
  • 1 on the main level

Layout

  • 1 1/2 Stry w/Bsmt
  • 2,494 sq ft finished, 822 sq ft unfinished

Flooring

  • Hardwood
  • Laminate
  • Vinyl
  • Carpet

Heating & cooling

  • Forced Air heating
  • None cooling

Schools

Ratings via SchoolDigger

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.

Single-family home facts

As entered by the listing broker on Northwest MLS

Lot & site

Zoning jurisdiction
City
Faces
West

Systems

Energy source
Natural Gas,Wood
Power production
Natural Gas, Wood
Water heater
electric
Water heater location
basement
Irrigation water rights
No

Rooms & extras

Bathtubs
1
Showers
2
Fireplaces on main
1

New construction

Square footage source
public records
Lot size source
public records

Manufactured home

Land lease
No

Neighborhood mobility

Doorstep, Pedal & Station Scores

Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.

Ground Truth™

The ground, the slope, the flood zone and the noise at this address

Read from public hazard, flood, terrain and noise maps for this exact home.

Address Insider™

The members' report

Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.

Members

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Sales & Tax Records for 315 24 Avenue SW

NWMLS via MLS Grid · Thurston County Assessor

Every listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.

  1. Oct 14, 2026
    Listed
    NWMLS via MLS Grid · #2594307
    $475,000
    $190/sq ft

Down payment assistance

6 programs may be available to provide you with up to $23,750 in down payment assistance, depending on your specific information.

Northwest MLS lists this home as eligible for down payment assistance programs

Check eligibility

Source: program list compiled by RexMont from ARCH (A Regional Coalition for Housing) member-jurisdiction information. This is not Northwest MLS listing data.

Mortgage payment forecast

$2,778 per month

Great rate
Principal and interest
Property taxes
HOA dues
Home insurance

Takes about 5 minutes & won't affect your credit

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Plan your offer with a RexMont buyer specialistWalk through escalation strategy, contingencies, and competing-offer risk in this neighborhoodCompare loan options30-yr fixed, 15-yr, FHA, VA, jumbo

Source: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.

Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.

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Listing Broker: Windermere Mercer Island; Jake Kanev; 206-686-4700; kanev@windermere.com

Market pulse

Olympia is a balanced market.

Supply and demand are roughly in balance. Neither side has a clear edge.

Buyer's marketSeller's market

  • Offer insight: Homes typically sell with one offer near asking price.

  • List to sale price: The average home sells very close to list price.

  • Time on market: The average home goes pending in around 73 days.

Recent sales nearby

Within 1 mile · last 6 months

  • $610,000 Sold

    3 days ago

    4 bd•2 ba•~2,919 sq ft•Single Family

    311 19th Avenue SE, Olympia, WA 98501

    6%

    Under list

    235

    Days on market

    0.4 mi

    Distance

  • $650,000 Sold

    5 days ago

    3 bd•2.75 ba•~2,418 sq ft•Single Family

    2824 Galloway Street SE, Olympia, WA 98501

    0%

    Over list

    83

    Days on market

    0.7 mi

    Distance

  • $645,000 Sold

    2 weeks ago

    4 bd•1.5 ba•~2,637 sq ft•Single Family

    112 19th Avenue SE, Olympia, WA 98501

    4%

    Under list

    37

    Days on market

    0.3 mi

    Distance

  • $340,000 Sold

    2 weeks ago

    •Single Family

    614 11th Avenue SE, Olympia, WA 98501

    5%

    Over list

    21

    Days on market

    0.9 mi

    Distance

  • $480,500 Sold

    8 weeks ago

    3 bd•1.5 ba•~1,029 sq ft•Single Family

    3305 Maringo Road SE, Olympia, WA 98501

    7%

    Over list

    39

    Days on market

    0.8 mi

    Distance

Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.

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Market data from MLS GRID / NWMLS · Updated Oct 2026

Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.

MLS GRID Disclaimer

Based on information submitted to the MLS GRID as of October 25, 2026 at 8:39 PM PT (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.

Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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© 2026 Northwest Multiple Listing Service. All rights reserved.

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