120 Water St. NW

Olympia, WA 98501

Apartment • Built N/A

$2,575

Available 1/5/2026
Beds 2
Bath 2
Sq Ft 875
Smoking N/A
Pets Yes
Acres N/A

212

4 days
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.

I have not seen this cool of a 2 bedroom 2 bath unit floor plan in a long time! The open entrance has your eye directed all the way through the unit out to the waters edge. Kitchen has an eat at countertop, tons of cabinet storage, and the natural light is epic. Each bedroom is separated from each other for privacy. 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: $50.00 (non refundable)
•Deposit: 1 months rent. 25% of this amount is due at approval process to secure unit. (take off market)
•Pet Friendly with deposit: 25% of 1 months rent per pet dog rent, $35 monthly. Cat rent, $50 monthly.
•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
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Contact Info

Urban Management Co LLC

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Policies

Pets • Allowed
Details

Small Dogs Allowed, Large Dogs Allowed, Cats Allowed

Smoking • N/A

Utilities

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Cable/Satellite

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HOA Fees

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Sewer

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Lease Terms

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Security Deposit

$2,575

Amount Refundable

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Pet Deposit

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Monthly Pet Fee

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Application Fee

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Screening Required

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Price and availability subject to change.

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$2,575

Olympia, WA 98501

Available 1/5/2026