Step into the charm of this classic Craftsman duplex, offering sweeping views of Capitol Lake and the Deschutes Estuary. Rarely available, this centrally located property puts you close to shopping, I-5, downtown Olympia, and the State Capitol. The flexible layout features two bedrooms upstairs and one bedroom downstairs, creating an excellent opportunity for an owner-occupant to live in one space while generating rental income from the other. Classic Craftsman details add timeless character throughout, including crown molding, ceramic tile, and a real wood-burning fireplace. A unique opportunity to own a piece of Olympia with beautiful views and income potential.
Active
Listed by: Redfin • Rhonda C Olnick
$525,000
3203 Capitol Boulevard SW, Tumwater, WA 98501
3beds
2baths
2,196sqft
Duplex, Multi Family
Built in 1927
-- sqft lot
$509,400 Zestimate®
$239/sqft
$-- HOA
What's special
- --
- on Zillow
- 391
- views
- 22
- saves
Zillow last checked:
Listing updated:
Listed by:
Rhonda C Olnick,
Redfin
Source: NWMLS as distributed by MLS GRID,MLS#: 2582348
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating
- Forced Air, Electric, Natural Gas
Cooling
- Has cooling: Yes
Features
- Flooring: Ceramic Tile, Hardwood, Softwood, Vinyl, Carpet
- Windows: Thermal Windows
- Has fireplace: No
Interior area
- Total structure area: 2,196
- Total interior livable area: 2,196 sqft
Property
Parking
- Total spaces: 2
- Uncovered spaces: 2
Features
- Has view: Yes
- View description: Lake, Partial
- Has water view: Yes
- Water view: Lake
Lot
- Size: 7,379 Square Feet
- Features: Paved, Sidewalk, Cable TV, Deck, Gas Available, Patio
Details
- Parcel number: 09250006000
- Zoning description: Multi-Family,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex, Multi Family
Materials
- Metal/Vinyl, Wood Siding, Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Good
- Year built: 1927
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: City of Tumwater
- Water: Public, Company: City of Tumwater
Green energy
- Energy efficient items: Thermal Windows
Community & HOA
Community
- Subdivision: South Eastside Olympia
Location
- Region: Tumwater
Financial & listing details
- Price per square foot: $239/sqft
- Tax assessed value: $543,500
- Annual tax amount: $5,418
- Date on market: 9/15/2026
- Listing terms: Conventional
Estimated market value
$509,400
$484,000 - $535,000
$1,967/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/17/2026 | Listed for sale | $525,000$239/sqft |
Source:  NWMLS as distributed by MLS GRID #2582348 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,418 +9.3% | $543,500 +9.2% |
| 2024 | $4,954 -4.9% | $497,800 -4.3% |
| 2023 | $5,208 +10.4% | $520,300 +7.7% |
| 2022 | $4,715 +17.3% | $483,200 +41.5% |
| 2021 | $4,021 +1.6% | $341,600 +10.8% |
| 2020 | $3,957 +31.5% | $308,300 +37.8% |
| 2019 | $3,009 -4.5% | $223,800 -7.6% |
| 2018 | $3,150 +102.3% | $242,300 +48.8% |
| 2017 | $1,557 | $162,850 +13.4% |
| 2016 | $1,557 | $143,650 +26% |
| 2014 | $1,557 | $114,000 -0.2% |
| 2013 | -- | $114,200 |
| 2012 | $1,499 | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | $2,391 | -- |
| 2008 | -- | -- |
| 2007 | $2,465 -38.3% | -- |
| 2006 | $3,993 +47.5% | -- |
| 2005 | $2,707 | -- |
| 2004 | -- | -- |
| 2002 | -- | -- |
| 2001 | $1,907 -2.9% | $119,500 |
| 2000 | $1,964 | $119,500 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 98501
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