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Tenant-Occupied Duplex with Basement
For Sale
$494,900

1813 Franklin Street SE, Olympia, WA 98501

Two occupied units include appliances and connect to a partially finished basement with an additional full bathroom.

Property SizeContact for details
Days on Market51

Property Features for 1813 Franklin Street SE

General Information

Standard status Active
Property subtype Multi-Family
Occupancy 100%

Additional Details

Highway Access Yes
Multifamily Units 2

Amenities

Cable Ready
Forced Air
Composition

Building Details

Year Built 1926
Stories 2
Tenancy Multi
Listing Agency: South Sound Real Estate LLC
Listed By: Jason Munoz · License #114219
Source: Kw
Added: Sep 8 Changed: Oct 26 Last Checked: Oct 26 at 9:25PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of South Sound Real Estate LLC

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Investment Insights

Based on property information with market context.

Built in 1926, this duplex contains two tenant-occupied units with functional living areas and included refrigerators, stoves, dishwashers, washers, and dryers. The property also includes a partially finished basement with a third full-size bathroom, providing additional interior space for completion or expanded use. Forced-air heating, cable readiness, and composition exterior construction are among the documented features.

Located on Franklin Street SE in Olympia, the property is near downtown, shopping, restaurants, parks, and I-5 access. Ample parking is also noted, supporting the existing two-unit configuration. The layout may suit an investor or an owner-occupant seeking a duplex with current tenancy and additional basement space.

Key Highlights

  • Two tenant‑occupied units
  • Partially finished basement with a third full‑size bathroom
  • Included refrigerators, stoves, dishwashers, washers, and dryers

Property Analytics

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Lease Details

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

851
Businesses Nearby

Demographics for 98501, WA

45,274
Population
19,969
Households
2.3
Avg Household Size
40
Median Age
48%
College-Educated
97%
High-School Grad
34.9 sq mi
ZIP Area
1,297
Density / Sq Mi
$95,695
Median Household Income
$55,909
Median Earnings
$1,600
Median Rent
$485,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two occupied units include appliances and connect to a partially finished basement with an additional full bathroom.
Where is this duplex located?
The property is located at 1813 Franklin Street SE Olympia, WA.
What is the asking price?
The asking price for this property is $494,900.
What are key features of this property?
This property features: Two tenant‑occupied units; Partially finished basement with a third full‑size bathroom; Included refrigerators, stoves, dishwashers, washers, and dryers
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