1315-1317 Edison Street NE Olympia, WA | - Video

Ed Tropp | 253.988.5763


1315-1317 Edison Street NE, Olympia, WA
Map it at https://www.google.com/maps/place/1315-1317+Edison+Street+NE,+Olympia,+WA
Coldwell Banker

Located adjacent to Mission Creek Park Nature Preserve, this property was originally built as a multi-generational family compound! It can be rented as a duplex plus additional rental spaces of the garage and studio (previously used as a glass and metal art studio and classroom) with a pro-forma CAP rate of 6.7% (Sellers did not rent out the garage studio, but market rates are used for those pro-forma rates.) Or live on one side and generate great rental income. Located on a level .85 acre parcel, youll love the amazing curb appeal and the immaculate condition inside and out. Surrounded by nature, the proximity to birds and wildlife is incredible! Each home has two spacious bedrooms, a gleaming bathroom and a half, an attached garage, expansive living spaces and gorgeous spacious kitchens with upscale materials throughout. Outdoor living spaces include private decks and patios, with a hot tub and firepit included on one side. Both homes are immaculately maintained, beautifully updated, and have heat pumps for efficient heating plus air conditioning. Sellers took great pride of ownership, and materials and craftsmanship are exemplary. For instance, the recently installed roof was done with 50 year materials. Youll love the upscale interiors as well. There is ample RV or boat parking, and room for up to ten vehicles, in addition to the attached garages and separate garage space in the studio building. Youll love the raised garden beds, and there is abundant additional room to garden to your hearts content. The pastoral setting is private and surrounded by nature, even includes a creek, yet so close to town! Whether you are looking for a multi-generational home or a high performing investment with the potential to add units, this incredible home is truly an amazing find. Youve got to see it to fully appreciate all that this fantastic property has to offer!