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Updated 2 hours ago

120 Water St NW

VERIFIED

Olympia, WA

Studio - 2 Bed
1 - 2 Bath

463 - 868 Sq. Ft.

Available Now
Studio • 1 Bath
$1,350
463 ft2
1 Available
Managed By: Urban Management Co LLC
Unit 417
$1,350
Available Jan 10th, 2025
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1 Bed • 1 Bath
$1,750 - $1,875
644 ft2
2 Available
Managed By: Urban Management Co LLC
Unit 501
$1,875
Available Now
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Unit 401
$1,750
Available Jan 6th, 2025
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2 Beds • 2 Bath
$2,300 - $2,450
868 ft2
2 Available
Managed By: Urban Management Co LLC
406 ADA
$2,450
Available Now
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Unit 306
$2,300
Available Jan 6th, 2025
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Where you'll live
Street View
Map View
Satellite View
Location ratings
Walk Score®
82
Very Walkable
Transit Score®
55
Good Transit
Bike Score®
90
Biker's Paradise
Amenities
On-site Laundry
Air Conditioning
Storage
Disability Access
Refrigerator
Garbage Disposal
Trash Removal Included
Public Transportation
Range / Oven
Microwave
High-speed Internet
Smoke-free Community
Elevator
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Parking
Garage - Attached
Lease & Fees
Security Deposit:

1350 - 2450

Property details
Description

Bring your life, we will supply the view - LIVING BETTER IS EVERYONE'S DREAM and we found the DREAM view location!

Named for the tree found near coastal waters, the Pacific Madrone symbolizes both beauty and enduring strength. The Madrone Apartments will echo those qualities for the Percival Landing corner of State Ave. and Water St. in downtown Olympia to become the place that you want to call home.

Quality finishes include, brick exterior, expansive windows for the view, trending dual colored cabinetry, quartz countertops, in unit washer and dryer, and don't forget, air conditioning in every unit. Pet friendly building with a dog walking station on the roof top coming this summer! Limited parking for a monthly fee is also available.

The Olympia locals agree that The Madrone is 10/10 walkability to local business, shopping, and numerous food options. You won’t be let down by the convenient location boasting the views of Budd Inlet, Capitol Lake, and the Capitol Rotunda Peak.

North facing hard to find 2 bedroom 2 bath unit. One bedroom has on-suite bathroom. Kitchen has an eat at countertop, tons of cabinet storage, and the natural light is epic. NO carpet anywhere in the unit, window coverings are white roller shades for privacy, but you can still see out! All the walls are white, but wait until you see the kitchen in person, the color is fabulous! Air conditioning is installed with an energy efficient system. By the way 3rd/4th/5th floor has epic water and park views!

•No smoking
•12 month lease required
•Application fee: $40.00 (non refundable)
•Deposit: 1 months rent+ 25% due at approval process to secure unit. (take off market)
•Pet Friendly with deposit: 25% of 1 months rent per pet
•Tenants pay water/sewer/garbage $120.00 (monthly)
•Parking: $90.00 monthly through building if available OR (annually through the cityofolympia.org)1 spot per unit maximum, limited spots to less then ½ the building.
•Proof of renters insurance required
Minimum credit score of 680

(RLNE7982150)

Additional Details
Total Unit Count: 60
Last Updated: Updated 2 hours ago
Contact Number: (360) 763-0207 ext: 5
Internet Providers
Provider Max Download Speed (Mbps) Max Upload Speed (Mbps)
Comcast Corporation 987.0 35.0
ViaSat, Inc. 35.0 3.0
Hughes Network Systems, LLC 25.0 3.0
CenturyLink, Inc. 15.0 0.75
VSAT Systems, LLC 2.0 1.3
Data from June 2020 provided by the FCC
Photos Floor Plans Amenities
Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for 120 Water St NW by bedroom type below.
Studio
Suggested income:
$48,600
per year
1 Bedroom
Suggested income:
$65,200
per year
2 Bedroom
Suggested income:
$85,500
per year
Rent report

120 Water St NW Rent vs. Olympia Average

 120 Water St NW      Olympia Average
Studio
$1,350
$976
$0
$450
$900
$1,350
$1,800
1BR
$1,813
$1,734
$0
$600
$1,200
$1,800
$2,400
2BR
$2,375
$1,973
$0
$800
$1,600
$2,400
$3,200

120 Water St NW is asking 38% more than the average studio apartment in Olympia.

If you upsized to an average priced Olympia 1 bedroom apartment, you would pay 44% more per month.

120 Water St NW provides 22% more square footage than the average Olympia studio apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
120 Water St NW
Studio $1,350 $2.90 $4,050
1BR $1,813 $2.80 $5,438
2BR $2,375 $2.70 $7,125
Olympia Average
Studio $976 $2.60 $2,928
1BR $1,734 $2.70 $5,201
2BR $1,973 $2.00 $5,919
3BR $2,265 $1.70 $6,796
4BR $2,873 $1.30 $8,620

Availability in Olympia

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 136 2BR units on the market in Olympia. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
19% 31% 33% 13% 3%
Available Units in Olympia
Studio 79
1BR 128
2BR 136
3BR 54
4BR 12
Location
Nearby Colleges
Nearby Hospitals
Name Distance
C API Tal Medical Center 2.26 mi.
Providence St. Peter Hospital 2.74 mi.
Mason Ge NER Al Hospital 15.91 mi.
Nearby Fire Stations
Name Distance
West Thurston Regional Fire Authority 0.61 mi.
Thurston County Fire Protection District No. 13 0.61 mi.
Thurston County Fire Protection District 8 0.61 mi.
FAQs
Is this property currently leasing units?
Yes. There are 5 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 5 units available for move-in over the next 2 months. 2 units are vacant and ready for immediate occupancy.
What's the square footage of the available units?
The available units range from 463 to 868 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats and dogs.
How many bedrooms are in the available units?
There are studio, 1 and 2 bedroom units available.
How many bathrooms are in the available units?
There are 1 and 2 bathroom units available.
What's the monthly rent at this property?
Rent on available units ranges from $1,350 to $2,450. 120 Water St NW has studio units available starting at $1,350, 1 bedroom units available starting at $1,750, and 2 bedroom units available starting at $2,300.
Where is this property located?
This property is at 120 Water St NW in Olympia, WA. It's 1.1 miles north from the center of Olympia.
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