Lease length:Contact for details
120 Water St. NW
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 beauty and enduring strength. The Madrone Apartments bring those qualities to the corner of State Ave. and Water St. in downtown Olympia, creating a place you’ll want to call home. Quality finishes include a brick exterior, expansive windows, two-tone cabinetry, quartz countertops, in-unit washer and dryer, and air conditioning in every home. The building is pet-friendly, with a rooftop dog-walking station coming this summer. Limited parking is also available for a monthly fee. With 10/10 walkability, you’re just steps from local shops, restaurants, and everything downtown Olympia has to offer. Enjoy convenient access to Budd Inlet, Capitol Lake, and views of the Capitol Rotunda. This hard-to-find north-facing 2-bedroom, 2-bathroom home features an en-suite bathroom, eat-at kitchen counter, ample cabinet storage, and incredible natural light. There’s no carpet anywhere in the unit, and white roller shades provide privacy while still letting you enjoy the views. And don’t miss the kitchen—its color and finishes are even better in person. Efficient air conditioning keeps the home comfortable year-round, while select 3rd-, 4th-, and 5th-floor homes offer exceptional water and park views. The Madrone Features • Air-Conditioning • In-Unit Washer/Dryer • Peninsula Kitchen with Bar Seating + Ample Cabinet Storage • Luxury Vinyl Flooring • Quartz Countertops • Stainless Steel Appliances • Pet-Friendly • Elevator Access • Onsite Parking • Onsite Fitness Center • Rooftop Community Area + Dog Walk • Barbecue Grill • Stunning Waterfront Views + Capitol Views Rental Terms •No smoking •12 month lease required •Application fee: $50.00 (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 • DOG rent $35. 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 Call to inquire about this unit today! (360) 742-4877
Last updated Sep 22, 2026
Amenities
- Air conditioning: Other
- Dishwasher
- Parking: Dedicated spot
- View
- Washer & dryer: Other
Neighborhood
120 Water St. NW, Olympia, WA, 98501
Policies & fees
Security deposit:$2,450
Amount refundable:Contact for details
Pets:Allowed
Small Dogs Allowed, Large Dogs Allowed, Cats Allowed
Monthly pet fee:Contact for details
Pet deposit:Contact for details
Application fee:Contact for details
Screening required:No
Smoking:N/A
Utilities
Contact for details
- Cable/satellite
- Electric
- Garbage
- Gas
- HOA fees
- Internet
- Water
- Sewer
- Renters insurance
Property highlights
- Pet friendly: cats & dogs are welcome in Olympia, WA
- Dedicated parking space included
- Spacious 2-bed, 2-bath layout with 870 sq ft
Frequently asked questions
Yes, pets are welcome at 120 Water St. NW, Olympia, WA, 98501. Breed restrictions and additional fees may apply, so please speak with the owner or property manager for more information.
There is parking available at this apartment. Fees may apply depending on the type of parking offered, so please speak with the owner or property manager for details.
Utility information for this property is not listed. Please speak with the owner or property manager for details.
This apartment at 120 Water St. NW, Olympia, WA, 98501 is available starting Nov 5th.
A common guideline is to spend no more than 30% of your gross income on rent. At $2,450/month, that generally works out to around $98,000/year in income. Exact requirements can vary by owner or property manager, so please confirm directly with them.
This apartment at 120 Water St. NW, Olympia, WA, 98501 has 2 bedrooms, 2 bathrooms and 870 square feet of living space.
Price and availability subject to change.