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Downtown Olympia Multifamily Home for Sale

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    $449,500

    • 2 Beds
    • 2 Baths
    • 1,306 Sq Ft

    408 9th Ave SE, Olympia, WA 98501

    Great Opportunity to own a well-maintained Duplex in downtown Olympia. Live in one and rent the other one or rent them both. 2 Units currently occupied and generating income. Unit #1 is 1 BR, 1 BA 832sf with private access to side/back yard, Unit #2 is upstairs unit with 1 BR, 1 BA 474 sf. Both units are equipped with R/O, Dishwasher, Fridge, W/D. Cap Rate of over 5%. 3 blocks from Capitol

    Mark Kitabayashi Windermere Prof Partners

    408 9th Ave SE, Olympia, WA 98501

Why Live in Downtown Olympia

Downtown Olympia, known locally as “Downtown Oly,” is a vibrant neighborhood at the heart of Washington’s state capital, offering scenic views of Capitol Lake and the Puget Sound. The area is renowned for its thriving local art scene, with public art projects like murals and the Traffic Box Wrap project turning streets into galleries. The Creative District spans 30 blocks and includes over 100 creative businesses, such as record shops, galleries, and performance venues. Notable attractions include the Washington Center for Performing Arts and Harlequin Productions, which offer a variety of shows and performances. The neighborhood hosts events like The Olympia Arts Walk and the quirky Procession of the Species parade. Dining options are diverse, featuring American, Thai, Vietnamese, Mexican, and South Indian cuisines, with popular spots like the Olympia Oyster House and Well 80 Brewhouse. Shopping includes unique stores like Archibald Sisters and Danger Room Comics. Housing primarily consists of townhouses and condos, with some single-family homes near the Washington State Capitol. Heritage Park and Percival Landing Park provide green spaces for recreation, while the Yashiro Japanese Garden offers a tranquil retreat. Education is supported by highly rated schools such as Madison Elementary, Washington Middle School, and Avanti High. The neighborhood benefits from a fare-free transit system and extensive bike lanes and pedestrian trails, with Interstate 5 offering easy travel to Tacoma and Seattle.

Home Trends in Downtown Olympia, WA

Housing Trends

Median Sale Price
$426,500
Median Single Family Sale Price
$434,000
Median Townhouse Sale Price
$449,500
Median 2 Bedroom Sale Price
$474,000
Average Price Per Sq Ft
$352
Number of Homes for Sale
3
Last 12 months Home Sales
4
Months of Supply
9.00
Median List Price
$460,000
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
-12%
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