Great Olympia investment opportunity featuring 2 tenant-occupied units plus a partially finished basement with future rental potential once completed! Charming property with strong income-producing possibilities in a convenient location near downtown Olympia, shopping, restaurants, parks, & I-5 access. Each unit offers functional living spaces with included appliances: refrigerator, stove, dishwasher, washer & dryer. Property features classic character, ample parking, & flexibility for investors or owner-occupants looking to offset expenses. Basement space provides additional upside opportunity for added income or expanded living area with an already finished third full size bathroom. Don’t miss this versatile multi-unit property with immediate cash flow & future potential! Interior photos coming soon.
Pending inspection
Listed by: Keller Williams South Sound • Jason Munoz
$549,900
1813 Franklin Street SE, Olympia, WA 98501
3beds
2baths
2,903sqft
:
Get pre-qualified$3,473/mo
Duplex, Multi Family
Built in 1926
-- sqft lot
$538,000 Zestimate®
$189/sqft
$-- HOA
What's special
Ample parkingFunctional living spacesClassic character
- 79 days |
- 134 |
- 5 |
Zillow last checked:
Listing updated:
Listed by:
Jason Munoz,
Keller Williams South Sound,
Theresa Diane Shockley,
Keller Williams South Sound
Source: NWMLS as distributed by MLS GRID,MLS#: 2519345
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating
- Forced Air, Electric, Natural Gas
Cooling
- None
Features
- Flooring: Laminate, Vinyl, Carpet
- Has fireplace: No
Interior area
- Total structure area: 2,903
- Total interior livable area: 2,903 sqft
Property
Parking
- Total spaces: 2
- Uncovered spaces: 2
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 5,000 Square Feet
- Features: Curbs, Paved, Sidewalk, Cable TV, Deck, Fenced-Partially, Gas Available, High Speed Internet, Outbuildings
Details
- Parcel number: 39400300900
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex, Multi Family
Materials
- Wood Siding, Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 1926
- Major remodel year: 1981
Utilities & green energy
- Sewer: Sewer Connected
Community & HOA
Community
- Subdivision: Olympia
Location
- Region: Olympia
Financial & listing details
- Price per square foot: $189/sqft
- Tax assessed value: $505,000
- Annual tax amount: $5,744
- Date on market: 5/28/2026
- Cumulative days on market: 59 days
- Listing terms: Conventional,FHA,VA Loan
Estimated market value
$538,000
$511,000 - $565,000
$1,828/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/25/2026 | Pending sale | $549,900$189/sqft |
Source:  NWMLS as distributed by MLS GRID #2519345 Report a problem | ||
| 6/12/2026 | Listed for sale | $549,900$189/sqft |
Source: NWMLS as distributed by MLS GRID #2519345 Report a problem | ||
| 5/21/2026 | Pending sale | $549,900$189/sqft |
Source: NWMLS as distributed by MLS GRID #2519345 Report a problem | ||
| 5/8/2026 | Listed for sale | $549,900+88%$189/sqft |
Source: NWMLS as distributed by MLS GRID #2519345 Report a problem | ||
| 8/13/2025 | Listing removed | $1,750$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/11/2025 | Listed for rent | $1,750$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/2/2019 | Sold | $292,500$101/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,293 +4.7% | $505,000 +4.5% |
| 2023 | $5,055 +17% | $483,300 +11.6% |
| 2022 | $4,322 +14% | $433,100 +36.5% |
| 2021 | $3,792 -6.3% | $317,200 +1.3% |
| 2020 | $4,045 +31.9% | $313,200 +16% |
| 2019 | $3,066 +1.8% | $270,000 +8.3% |
| 2018 | $3,012 +52.3% | $249,300 +26.5% |
| 2017 | $1,978 | $197,100 +4.1% |
| 2016 | $1,978 | $189,400 +20% |
| 2014 | $1,978 | $157,850 +4.3% |
| 2013 | -- | $151,350 |
| 2012 | $2,119 | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | $2,462 | -- |
| 2008 | -- | -- |
| 2007 | $2,327 -35.9% | -- |
| 2006 | $3,632 +56.7% | -- |
| 2005 | $2,318 | -- |
| 2004 | -- | -- |
| 2002 | -- | -- |
| 2001 | $1,991 -0.5% | $127,800 |
| 2000 | $2,000 | $127,800 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: South Captol
Nearby schools
GreatSchools rating
- 7/10Lincoln Elementary SchoolGrades: K-5Distance: 0.2 mi
- 8/10Washington Middle SchoolGrades: 6-8Distance: 1.6 mi
- 9/10Olympia High SchoolGrades: 9-12Distance: 1.3 mi
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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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