1124 Pear Street NE, Olympia, WA, 98506
About This Home
Investor Alert: Rare Dual-Lot Opportunity! Unlock the potential of this 2 bed / 1 bath home with 2 separate parcels totaling just under ½ acre in R6-12 zoning! Located near San Fran bakery and offering a peek-a-boo view of the sound, this property is bursting with possibilities. The home features a 2-car garage AND a dedicated RV garage, and the extra lot offers flexibility for expansion, development, or garden oasis. Bonus: Sewer connection already in place between both parcels! Whether you're looking to develop multifamily housing, build a second home, or simply enjoy a generous garden space, this is the property you’ve been waiting for. Imagine the possibilities – act fast, this won't last!
Getting Around
Car-Dependent
Some Transit
Very BikeableSchools
Construction
Condition
- Property condition: Fair
- Year built: 1938
Materials
- Foundation: Block
- Roof: Composition,Metal
- Construction materials: Wood Siding,Wood Products
Notable Dates
- Major remodel year: 2000
Type & Style
- Home type: SingleFamily
- Architectural style: 1 Story
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher(s),Refrigerator(s),Stove(s)/Range(s)
Basement
- Basement: None
Bathroom Three Quarter
- Level: Main
Bedroom
- Level: Main
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- 3/4 bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Features
- Dining Room
- Window features: Double Pane/Storm Window
- Flooring: Vinyl
Heating & Cooling
- Heating features: Baseboard,Radiant,Electric,Natural Gas
- Cooling features: None
Interior Area
- Total structure area: 901
- Total interior livable area: 901 sqft
Property
Details
- Parcel number: 09440062000
- Zoning: R-6-12
- Zoning description: Jurisdiction: City
- Special condition: Standard
Features
- Levels: One
- Stories: 1
- Patio & porch: Double Pane/Storm Window,Dining Room
- Has view: Yes
- View description: Partial,Sound
- Has water view: Yes
- Water view: Sound
- Topography of land: Partial Slope,Terraces
- Residential vegetation: Brush,Garden Space
Lot
- Lot size: 0.45 Acres
- Features: Dead End Street,Paved,Cable TV,Deck,Fenced-Partially,Gas Available,High Speed Internet,Outbuildings,Patio,RV Parking,Shop
Parking
- Total spaces: 4
- Parking features: Detached Carport,Driveway,Detached Garage,Off Street,RV Parking
- Has garage: Yes
- Covered spaces: 4
- Carport: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Coastal Flooding
- Heat Wave
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters in Thurston County and Washington
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,528 | $30,336 |
| Home Insurance * | $119 | $1,428 |
| Property Taxes | $442 | $5,304 |
| Electricity | $149 | $1,793 |
| Total | $3,238 | $38,856 |
Income You'd Need if You Spent...
Washington FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2025-09-11 | Listed for sale | $500,000 |
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