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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.

$998,000
2481889 MLS ⋅ ACTIVE Status
Unique Investor or Developer Opportunity in Downtown Olympia! Don't miss this one! Listing includes a duplex and 7-plex on one parcel and a leased parking lot. Under market rents, all tenants on month to month tenancy. Units offer a mix of studios and one-bedrooms. Parking spots lease for $30/mo with over 20 stalls! Close to downtown, waterfront, and shopping. Zoned UR (Urban Residential), allows for high-rise redevelopment or mixed-use opportunities!

906 908 Adams Street SE, Olympia

Listing courtesy of Olympic Sotheby's Int'l Realty.

$1,560,000
2436644 MLS ⋅ SOLD Status
Great Investment. 9-Unit Apartment Complex located in the Tanglewood area of Olympia. very Private and surrounded by trees. An exceptional investment opportunity with this well-maintained one story 9-unit complex which offers a unique chance to acquire a property in a highly sought-after neighborhood. A great blend of spacious units and a prime location, this property promises both steady cash flow and long-term rental history with consistent occupancy. Just minutes from downtown, local shops, parks, and public transportation Well-maintained building with recent upgrades. Freshly painted exterior. Ample parking spaces/ Laundry facility on site. Close proximity to major employers, schools, and Olympia’s thriving business district.

1106 Neil Street NE, Olympia

Listing courtesy of Skyline Properties, Inc.. Selling Office: eXp Realty.

$1,190,000
2354107 MLS ⋅ SOLD Status
LOCATION! Corner lot in super sought after South Capital neighborhood. Fully remodeled 7 unit apart building (3 w own ext entrance) w fantastic tenants! In last couple years: new paint in & out, new flooring (including sound deadening pad between floors), new water line, sewer lines, gas line & meters, 2 tankless hot water heaters, double pane windows throughout, blown in insulation in exterior walls, attic & some interior walls, all new plumbing & fixtures, electric & fixtures, landscaping, all new appliances, & 2 sets of coin op laundry common area. Basement w/additional space for value add storage & garage could be rented to increase income. Owner financing may be available w/min 25% down - ask broker for details. DO NOT DISTURB TENANTS.

119 20th Avenue SE, Olympia

Listing courtesy of Van Dorm Realty, Inc. Selling Office: Olympic Sotheby's Int'l Realty.

$1,300,000
2316618 MLS ⋅ SOLD Status
Investors, take note! This rare opportunity in the heart of Lacey, WA, boasts three duplexes on a sprawling 2-acre lot—a prime location with endless potential. Each unit offers a spacious 2-bedroom, 1-bath, 957 sqft rambler-style layout with an attached 1-car garage, ensuring tenant comfort and convenience. With long-term tenants already in place and significant upside rent potential, this property is a solid investment. Zoned R 4-8, the lot offers exciting development possibilities for future growth. The large yard, private patios, and ample driveway parking add to the property's appeal. Don't miss your chance to own this versatile investment in a high-demand area! Estate Sale. F17 Exempt. Buyer To Verify All Information.

4015 16th Lane NE, Olympia

Listing courtesy of Keller Williams Realty. Selling Office: BHGRE - Northwest Home Team.

$600,000
2275691 MLS ⋅ SOLD Status
Investor Alert! Exceptional opportunity to own this 5-unit multifamily property in the heart of downtown Olympia. Rents are significantly below market presenting good upside potential for the savvy investor. The property consists of two spacious 1-bed units (620+- sq ft each), two compact 1-bed units (300+- sq ft each), and one cozy studio (200+- sq ft). Coin op laundry on site. 2-car garage off the alley has been utilized by the owner but could be converted to tenant storage for added income. All units are individually metered and are connected to city utilities. Close to restaurants, shopping, parks & more. Don't miss out on this chance to capitalize on Olympia's growing rental market. Opportunity knocks!

806 808 Adams Street SE, Olympia

Listing courtesy of Olympic Sotheby's Int'l Realty. Selling Office: eXp Realty.

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.
IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.