For SaleHistoric · 114 yrs
1923 Water Street SW
Olympia, WA, 98501 • South Captol • Thurston County
$1,600,000
$422/sqft
Down payment assistance available
6Beds
6Baths
3,791Sqft
1.2 acLot
1912Built
Property DNA
Waterfront Property
Low Bank, Medium Bank, Lake
Lake Views
Lake
3 Story w/Bsmt Style
Built 1912 · 114 years of history
Capital Campus
South Captol
Outdoor Living
Dbl Pane/Storm Window · Dining Room · Fireplace · French Doors · Hot Tub/Spa · Loft · Walk-In Closet(s) · Water Heater
2 Fireplaces
Wood Burning · Main Level: 1 · Upper Level: 1 · Fireplace
Special Features
ADU Beds: 1 · ADU Baths: 1
Garage
Detached Garage
This home is getting attention
339 views · 24 saves
Market activity
Demand and pricing signals for this listing
339 views
People checking out this listing
24 saves
Buyers have saved this home
$422/sqft
Price per square foot
About this home
Single Family · Built 1912 · Historic
Discover this beautifully restored and maintained home nestled in the vibrant heart of Olympia's Capitol Campus neighborhood. Offering a perfect blend of classic charm and modern updates, this residence features spacious living areas, a stylish kitchen with stainless steel appliances, granite countertops, and custom cabinetry. The inviting outdoor spaces are ideal for entertaining and boasts views of Capitol Lake. The wood burning fireplace and dining area all soak in views of the lake. Each of the 3 bedrooms offer space, views and designer touches. The large home office is perfect for a career or your favorite hobby. Enjoy proximity to local parks, cultural attractions, cafes, and the bustling downtown scene—all just moments away. Whether you're seeking a peaceful retreat or a lively community lifestyle, 1923 Water Street presents an exceptional opportunity in one of Olympia’s most desirable neighborhoods. Don’t miss your chance to call this lovely property home!
Standout features identified
Our analysis highlights wood burning fireplace, stylish kitchen, and large home office as key attractions of this home.
Estimated monthly payment
Based on current rates
$10,025/month
Principal & Interest$7,892
Property Tax$1,600
Insurance$533
Down payment20% ($320,000)
3%50%
Est. 6.26% rate · 30yr fixed · $1,280,000 loan
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At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1912
HeatingFireplace, 90%+ High Efficiency, Forced Air, Heat Pump, Electric, Natural Gas, Wood
Cooling90%+ High Efficiency, Forced Air, Heat Pump
Parking2 Garage spaces
Lot1.20 Acres
Days on Zillow0
Price/sqft$422
Property
Home typeSingle Family
Sub-typeSingle Family Residence
Style3 Story w/Bsmt
ConditionVery Good
Year built1912
Systems
HeatingFireplace, 90%+ High Efficiency, Forced Air, Heat Pump, Electric, Natural Gas, Wood
Cooling90%+ High Efficiency, Forced Air, Heat Pump
RoofComposition
ConstructionWood Siding
Water / SewerPublic, Company: City of Olympia / Sewer Connected, Company: City of Olympia
Parking & Outdoor
ParkingDetached Garage
BasementDaylight,Finished
Fireplaces2
Lot1.20 Acres
Location & Tax
NeighborhoodSouth Captol
ZoningR-6-12
Annual tax$11,239
Parcel60500201000
Bathrooms & Fees
Full baths2
Features & details
14 categories of property features
Interior Features
Interior
Dining Room
Loft
Appliances
Dishwasher
Disposal
Dryer
Microwave
Refrigerator
Stove(s)/Range(s)
Tankless Water Heater
Washer
Dishwasher(s)
Dryer(s)
Garbage Disposal
Microwave(s)
Refrigerator(s)
Washer(s)
Water Heater: gas
Water Heater Location: basement
Flooring
Bamboo/Cork
Ceramic Tile
Hardwood
Heating
Fireplace
90%+ High Efficiency
Forced Air
Heat Pump
Electric
Natural Gas
Wood
Cooling
90%+ High Efficiency
Forced Air
Heat Pump
Fireplace
Wood Burning
Main Level: 1
Upper Level: 1
Fireplace
Windows
Dbl Pane/Storm Window
Exterior Features
Parking
Detached Garage
Construction
Wood Siding
Patio & Porch
Dbl Pane/Storm Window
Dining Room
Fireplace
French Doors
Hot Tub/Spa
Loft
Walk-In Closet(s)
Water Heater
Lot Features
Sidewalk
Deck
Dog Run
Electric Car Charging
Fenced-Partially
Gas Available
High Speed Internet
Hot Tub/Spa
Patio
Views
Lake
Utilities
Xfinity
Xfinty
Other Structures
ADU Beds: 1
ADU Baths: 1
Room details
17 rooms detailed
Master Bedroom
SecondBedroom
ThirdBedroom
SecondBedroom
SecondBedroom
LowerBathroom Full
SecondListing insights
Market data and value estimates
StatusFor Sale
Est. value$1,255,400
Est. rent$3,984/mo
Tax rate0.81%
Price/sqft$422
On marketApr 13, 2026
PostedApr 14, 2026
Last sold$550,000
MLS statusActive
MLS updatedApr 14, 2026
Tour days9
Views339
Favorites24
How are the schools in Olympia?
3 schools rated nearby
Location
Olympia, WA, 98501
Price history
3 events
DateEventPrice$/sqftSource
Apr 14, 2026Listed For Sale$1,600,000$422NWMLS as distributed by MLS GRID
Jul 15, 2009Sold$550,000$145Public Record
Jun 3, 1997Sold$270,000$71Public Record
Listed For Sale$1,600,000
Apr 14, 2026•$422/sqft•NWMLS as distributed by MLS GRID
Sold$550,000
Jul 15, 2009•$145/sqft•Public Record
Sold$270,000
Jun 3, 1997•$71/sqft•Public Record
Tax history
22 years of records
YearTax paidAssessed value
Apr 15, 2024$10,138$968,000
Apr 15, 2023$10,055$962,100
Apr 15, 2022$10,354$1,038,800
Apr 15, 2021$11,037$924,600
Apr 15, 2020$9,896$767,200
Apr 15, 2019$9,094$802,200
Apr 15, 2018$9,285$740,800
Apr 15, 2017$8,104$710,850
Apr 15, 2016$8,104$664,850
Apr 15, 2014$8,104$648,850
Apr 15, 2013—$609,150
Apr 15, 2012$7,677—
Apr 15, 2011——
Apr 15, 2010——
Apr 15, 2009$5,514—
Apr 15, 2007$5,700—
Apr 15, 2006$8,112—
Apr 15, 2005$5,075—
Apr 15, 2004——
Apr 15, 2002——
Apr 15, 2001$3,605$231,800
Apr 15, 2000$3,621$231,800
Nearby homes
Neighborhood details
Local context around this listing
Olympia, WA • Thurston County
Nearby neighborhoods
Cain RoadDowntownEast Bay DriveEastsideMapleviewNewportNorth EastNorthwestSouth WestsideSpringfield
Nearby cities
BucodaCentraliaLaceyNisqually Indian CommunityOlympiaRainierRochesterTenino
Nearby zip codes
985019850498506985079850898512985139854098599
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Based on information submitted to the MLS GRID as of 2026-04-15 00:39:33 PDT. 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. [Click here for more information](/mls-disclaimers/#39)
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