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$3,625,000
2552161 MLS ⋅ ACTIVE Status
Exceptional opportunity to acquire 4 brand-new duplexes in highly desirable West Olympia. Built for long-term, low-maintenance ownership, these turnkey investment properties offer modern construction with minimal capital expenditure concerns for years to come. Located in a strong rental market characterized by high demand, low vacancy rates, and attractive rental income potential, these duplexes are well-positioned for consistent cash flow and long-term appreciation. Situated at the end of a private dead-end street, the properties offer a quiet setting that appeals to quality tenants while remaining conveniently close to major employers, shopping, schools, and commuter routes. Whether you're looking to expand your portfolio or complete a 1031 exchange, this is a rare opportunity to invest in newly constructed multifamily assets in one of Olympia's most sought-after rental locations.

1624 Decatur Street SW, Olympia

Listing courtesy of Capitol Real Estate LLC.

$499,999
2 Beds ⋅ 2 Baths ⋅ 2549629 MLS ⋅ PENDING INSPECTION Status
Experience effortless, step-free living in this stylishly fully updated corner condo with sweeping views of Capitol Lake, the Capitol Dome, Mt. Rainier, and Budd Inlet. Enjoy a wrap-around deck, light-filled living spaces, and an additional finished room with closet, perfect as a private den/media room. The en-suite primary bedroom features a walk-in closet and radiant heated bathroom floors. The gourmet kitchen shines with granite counters, custom cabinetry, and high-end appliances. Building amenities include controlled access, dedicated parking spaces in the secure underground garage, and common areas with a gym and sauna. Unbeatable location close to downtown, freeway access, shopping, the hospital—everything you need right at your doorstep.

1910 Evergreen Park Unit #602, Olympia

Listing courtesy of Signature Service RE Olympia.

$120,000
3 Beds ⋅ 1 Baths ⋅ 2402969 MLS ⋅ SOLD Status

1546 Reservation Road SE Unit #66, Olympia

Listing courtesy of . Selling Office: eXp Realty.

$2,900,000
2360261 MLS ⋅ SOLD Status
Welcome to Twin Peaks Apartments; 16 units in convenient Olympia location. Nice mix of 2 and 3 bedroom units spread over two buildings, parking with carports, decks and partially fenced. Well maintained interiors, washer/dryer in the units and within minutes of the freeway (101), area retail, Capital Mall, Evergreen State College and Capitol Lake. Work done recently includes repair to a retention pond drain and roof repair. All units are currently occupied.

1220 Fern Street SW, Olympia

Listing courtesy of John L. Scott, Inc. Selling Office: Greene Commercial.

$3,800,000
2322988 MLS ⋅ SOLD Status
The Timbers West is a 22-unit garden-style multifamily community located in Olympia, Washington. The property consists of 4 separate buildings all built in 1972. The unit mix is (4) 1 bed/1 bath, (4) 1 bed/1 bath townhome style, (13) 2 bed/1 bath, and (1) 2 bed/1.5 bath townhome style unit. The interiors and exterior have been diligently maintained by the current ownership. The apartments are spacious in size, including large private decks, dishwashers, and some cathedral ceilings or 2-story layouts. The community provides private parking with 16 covered stalls. Timbers West is located on a quiet, park like setting in a premier Olympia location. Situated on a green belt that directly faces Capitol Lake with immediate access to Interstate 5.

1714 Evergreen Park Court SW, Olympia

Listing courtesy of Westlake Associates, Inc.. Selling Office: ZNonMember-Office-MLS.

$2,495,000
2164199 MLS ⋅ SOLD Status
Price reduction - current cap rate of 6.52% trending to 8.81%. Olympia Portfolio: value-add 15-unit in NW Olympia. Proximity to Capital Mall for retail, groceries, and dining. Well-connected to transportation. 7 contiguous parcels - four townhomes (built 2007, 2009), single-family home (1934), 6-unit apartment with standalone retail (1947), single parcel containing a house, cottage and converted garage unit (1935). Nearby to parks and Evergreen State College. Thoughtfully maintained with high curb appeal. Fully occupied, potential for rent increases and interior renovations. Parcels offer flexibility and significant value-add component.

333 Division Street NW, Olympia

Listing courtesy of The Foundation Group LLC. Selling Office: The Foundation Group LLC.

$15,000,000
6 Beds ⋅ 5 Baths ⋅ 2026476 MLS ⋅ SOLD Status
Rare opportunity to own a fully operational, turn-key dairy with management, livestock, equipment & milk contract; currently milking 1500-head with 200 additional dry cows. This is a genomic tested and bred herd for high production (90-95lb daily avg) currently being shipped to Safeway with 750 heifers onsite and an additional 800 being raised in Eastern Washington. Features: 2 irrigation wells with 654 ac/ft water rights, 4 CA-style loafing/free stall barns with lockups, 5 calf barns and dry cow facilities, 3 silage pits, a 15-bay commodity shed, 1 dbl 24 parallel and dbl 12 parallel barn for hospital/string pen. There are 2 one-level homes located on the property that have been well-maintained and offer beautiful sweeping pasture views.

8725 152nd Avenue SW, Olympia

Listing courtesy of Fay Ranches-Washington. Selling Office: Fay Ranches-Washington.

$15,000,000
6 Beds ⋅ 5 Baths ⋅ 2025319 MLS ⋅ SOLD Status
Rare opportunity to own a fully operational, turn-key dairy with management, livestock, equipment & milk contract; currently milking 1500-head with 200 additional dry cows. This is a genomic tested and bred herd for high production (90-95lb daily avg) currently being shipped to Safeway with 750 heifers onsite and an additional 800 being raised in Eastern Washington. Features: 2 irrigation wells with 654 ac/ft water rights, 4 CA-style loafing/free stall barns with lockups, 5 calf barns and dry cow facilities, 3 silage pits, a 15-bay commodity shed, 1 double 24 parallel and 12 parallel barn for hospital/string pen. There are 2 one-level homes located on the property that have been well-maintained and offer beautiful sweeping pasture views.

8725 152nd Avenue SW, Olympia

Listing courtesy of Fay Ranches-Washington. Selling Office: Fay Ranches-Washington.

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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