The Madrone Apartments

120 Water St NW, Olympia, WA 98501

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The Madrone

120 Water St NW
Olympia, WA 98501
The Madrone in Olympia, WA - Building Photo
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  • Studio–2 Bedrooms
  • 391–972Square Feet

About The Madrone

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 tone 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.

The Madrone is located in the Downtown Olympia Neighborhood and 98501 Zip code of Olympia, WA.

Property Contact Info

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Floorplan Pricing and Availability

  • Studio

    STUDIO

    Studio, 1 Bath, 391 sq ft
     

    Availability Details

    Availability DateUnitSq Ft
    UnavailableSTUDIO391 sq ft
  • 1 Bedroom

    Floorplan 1x1

    1 Bed, 1 Bath, 589-644 sq ft
     

    Availability Details

    Availability DateUnitSq Ft
    Unavailable1x1589-644 sq ft

    Model Amenities and Features

    Features

    • Air Conditioning
    • Balcony
    • Heating
    • Smoke Free
    • Washer/Dryer

    Kitchen

    • Dishwasher
    • Disposal
    • Island Kitchen

    Living Space

    • Views
    • Vinyl Flooring

    Outdoor Space

    • Patio

    Unique Features

    • Rooftop Access- Bbq /Fire Pits /Dog Walk
  • 2 Bedrooms

    Floorplan 2X2

    2 Beds, 2 Baths, 868-972 sq ft
     

    Availability Details

    Availability DateUnitSq Ft
    Unavailable2X2868-972 sq ft

    Model Amenities and Features

    Features

    • Air Conditioning
    • Heating
    • Washer/Dryer

    Kitchen

    • Dishwasher
    • Disposal
    • Quartz Countertops
    • Stainless Steel Appliances

    Living Space

    • Vinyl Flooring

    Unique Features

    • Rooftop Access- Bbq /Fire Pits /Dog Walk
Price shown is base rent and may not include non-optional fees and utilities. View Fees and Policies for details. Price, availability, fees, and any applicable rent special are subject to change without notice.

Property Information

  • 60 Units
  • 5 Stories
  • Built in 2023

Lease Terms

  • 12 mo

Fees and Policies

The fees below are based on community-supplied data and may exclude additional fees and utilities.

Required Fees

One-Time Move-In Fees

Administrative Fee$0
Application Fee Per Applicant$50

Pet Policy and Fees

Dogs

  • 3 Pet Limit
  • Fees Not Specified

Deposit: 25% of 1 months rent per pet

Cats

  • 3 Pet Limit
  • Fees Not Specified

Deposit: 25% of 1 months rent per pet

Parking Info and Fees

Surface LotiLIMITED SPACES -first come first serve. Only 1 per unit if available. IF no parking then street parking is available through the cityofolympia.org
  • 20 Max, Assigned Parking
  • $90/Mo

Storage

Storage Unit

    Features and Amenities

    Unique Amenities

    • Roof Top Dog Walking Area With Decktop
    • Rooftop Access- Bbq /Fire Pits /Dog Walk

    Map

    120 Water St NW, Olympia, WA 98501

    Hours and Contact Info

    Open Now
    Currently Closed
    By Appointment
    Monday9:00 am–5:00 pm
    Tuesday9:00 am–5:00 pm
    Wednesday9:00 am–5:00 pm
    Thursday9:00 am–5:00 pm
    Friday9:00 am–5:00 pm
    SaturdayClosed
    SundayClosed

    Getting Around

    Walk Score®

    82 / 100

    Very Walkable

    Most errands can be accomplished on foot

    Bike Score®

    90 / 100

    Biker's Paradise

    Daily errands can be accomplished on a bike

    Transit Score®

    55 / 100

    Good Transit

    Many nearby public transportation options

    Renters Reviews and Ratings

    5.0
    1 Renters Reviews
    ⓘ How is this Rating Determined?The property ratings on ApartmentHomeLiving.com are created using a 5-star scale that includes average renter review scores combined with building ratings to determine an overall blended property score.

    Building ratings are based on a community’s features, including the building design, construction, exterior spaces, and amenities. To learn more about the CoStar Building Rating System, refer to our official guidelines here.
    • So far so good (brand new building)

      June 8, 2023
      Caveat: I've only lived here for around a week, and the building has only been open for around 3 weeks (I believe it opened May 15th, 2023). But so far so good! Building: - Tenant pays all utilities. WSG is $120 per month, parking is $90, I got mid-tier internet from Xfinity for $35 a month, PSE for power (energy costs TBD). Rents obviously vary by unit. - Great views, particularly water-facing ones but even the back side of the building is decent with views of the capital - Seems to be well ...
      constructed. Nothing feels cheap or breakable. Appliances work well so far. - Vaulted ceilings, tons of natural light - One elevator and two stairwells - Fantastic location - Well insulated; I was surprised at how little noise there is from the street when the windows are closed. Windows open is a little road noisy, at least on the water side. - Rooftop not yet open (as of June 2023) because it's not finished; they will have a dog walk/peeing area, and supposedly BBQs and patio furniture up there. - In-unit AC and heater - No other in-building amenities/community room/etc. it's a pretty simple building. - Parking limited, will fill up quick as the building rents out. - A few weird touches, like an exposed water heater in the bedroom closet and no hand towel rack installed in the bathroom (like ?) but in general the apartment feels high-end. - Pet friendly - NO BUZZER SYSTEM which is weird, you have to just walk down and let people in. Not a big deal if you're able-bodied but if you're less mobile this could be a problem for visitors and deliveries. - No package storage. UPS/USPS/FedEx are supposed to deliver packages directly to your door (they have building keys). I was told that Amazon drivers may just leave packages in the lobby. We'll see. - No bike storage room. They have bike hooks installed in the units - in mine it's in the bedroom. Kinda odd, I don't really want a bike hanging next to my bed haha. Management: - Teri (property manager) is friendly and seems to actually care about residents - Urban Olympia (owner/developer) has a good reputation AFAIK. Also my friends have rented from Urban Olympia for years and have been happy with them. - Pretty good lease terms; after 12 months, leases automatically convert to month-to-month with (allegedly) no rent increase - Easy online portal for lease management/rent payments Overall this seems like an excellent place to live. Again, this is a review of a brand new building so take it with a grain of salt.
      Read More
      Review from Apartments.com

    Nearby Schools

    Olympia Regional Learning Academy B

    Olympia
    2400 15th Avenue Southeast
    Public School - Grades PK-8 (167 Students)
    In Attendance Zone5 minute drive / 1.8 miles away

    Olympia High School

    Olympia
    1302 North Street Southeast
    Public School - Grades 9-12 (1838 Students)
    In Attendance Zone4 minute drive / 2.0 miles away
    10/10

    Washington Middle School

    Olympia
    3100 Cain Road Southeast
    Public School - Grades 6-8 (750 Students)
    In Attendance Zone4 minute drive / 2.3 miles away
    8/10

    Lincoln Elementary School

    Olympia
    213 21st Avenue Southeast
    Public School - Grades K-5 (270 Students)
    In Attendance Zone3 minute drive / 1.1 miles away
    5/10
    School data provided by GreatSchools.
    details
    The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on scale of 1 (below average) and to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider needs as part of the school selection process.

    About GreatSchools Data on ApartmentHomeLiving.com.

    Points of Interest

    Time and distance from The Madrone.

    Big Box and Retail

    Target

    2925 Harrison Ave NW
    5 minute drive / 1.83 miles away

    Kohl's

    681 Sleater Kinney Rd SE
    6 minute drive / 3.04 miles away

    Shopko

    5500 Martin Way E
    8 minute drive / 4.17 miles away

    Colleges and Universities

    South Puget Sound Community College

    2011 Mottman Rd SW
    5 minute drive / 2.36 miles away

    The Evergreen State College

    2700 Evergreen Pkwy NW
    8 minute drive / 3.83 miles away

    Groceries

    Haggen

    1313 Cooper Point Rd SW
    4 minute drive / 2.23 miles away

    Fred Meyer

    555 Trosper Rd SW
    7 minute drive / 3.65 miles away

    Safeway

    6200 Pacific Ave SE
    10 minute drive / 4.77 miles away

    Hospitals

    Capital Medical Center

    3900 Capital Mall Dr Sw
    5 minute drive / 2.49 miles away

    Providence St. Peter Hospital

    413 Lilly Road Ne
    5 minute drive / 2.63 miles away

    Shopping Centers

    Market Centre

    111 Market St Ne
    1 minute drive / 0.09 miles away

    Hulbert Auto Park

    1050-1100 Plum St SE
    2 minute drive / 0.86 miles away

    Ralph's Thriftway

    116-122 Turner St NE
    3 minute drive / 1.15 miles away

    The Madrone has 5 shopping centers within 1.3 miles.

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    Rental Price Ranges in the Area

    BedroomAverage RentCheapest RentHighest Rent
    Olympia Studio Apartments $1,483$1,000$2,009
    Olympia 1 Bedroom Apartments $1,741$1,198$3,250
    Olympia 2 Bedroom Apartments $1,991$1,400$5,150
    Olympia 3 Bedroom Apartments $2,560$1,629$3,600
    Olympia 4 Bedroom Apartments $2,360$1,914$2,899

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    Viewing: The Madrone | Desktop Version | Listing Updated: 09/06/2025

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