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Investment - Homes for Sale in Olympia, WA

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  • /23

    $995,000

    • 2 Beds
    • 2 Baths
    • 1,848 Sq Ft

    423 Franz Anderson Rd SE, Olympia, WA 98501

    Exceptional investment and redevelopment opportunity in one of Olympia’s fastest-growing corridors! Situated on approximately one acre and surrounded by newer residential development, this property is zoned HDC-4, allowing for significant density and a wide range of housing options. Preliminary analysis indicates the potential for approximately 60–70 units with building heights up to 75 feet

    Agent Photo

    Greg Pubols

    Century 21 Blue Chip

    423 Franz Anderson Rd SE, Olympia, WA 98501
  • /20

    $80,000

    • Land
    • 1.44 Acres
    • $55,421 per Acre

    1102 NW Summit Lake Shore Rd, Olympia, WA 98502

    Bring your vision to the Summit Lake area! This 1.44 +/- acre vacant parcel is located along Summit Lake Shore Rd NW, across from waterfront homes and surrounded by the natural beauty that makes this community so special. Whether you are looking for a future project, recreational retreat, or long-term investment, this property offers an affordable opportunity in a desirable lake-area location.

    Agent Photo

    Lori Maruska

    Better Properties Grays Harbor

    1102 NW Summit Lake Shore Rd, Olympia, WA 98502
  • /15

    $50,000

    • Land
    • 9,282 Sq Ft
    • $234,632 per Acre

    7609 Lakeside St SW, Olympia, WA 98512

    Embrace the best of lake-area living with this 9,283 sq ft (.21ac) lot located near scenic Black Lake in Olympia! This peaceful property offers the perfect setting for your future home, vacation retreat, or investment. Enjoy nearby amenities including public lake access for boating, fishing, and swimming, along with parks, trails, and picnic areas. Conveniently located close to shopping,

    Agent Photo

    Thomas Earnest

    John L. Scott, Inc.

    7609 Lakeside St SW, Olympia, WA 98512
  • /31

    $499,000

    • 4 Beds
    • 2 Baths
    • 1,808 Sq Ft

    4416 Ridgewood Ct NW Unit A & B, Olympia, WA 98502

    Duplex Investment Opportunity in Olympia! Well-located duplex in the Cooper Point area offering flexibility for both investors and owner-occupants. This single-story property features two 2-bedroom, 1-bath units, each approximately 904 square feet, for a total of 1,808 square feet of living space. Unit A is currently occupied, providing immediate rental income, while Unit B is vacant and

    Jeri Snyder The Rants Group

    4416 Ridgewood Ct NW Unit A & B, Olympia, WA 98502
  • /13

    $3,625,000

    New Construction
    • 24 Beds
    • 24 Baths
    • 11,856 Sq Ft

    1624 Decatur St SW, Olympia, WA 98502

    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

    Justin Hjelm Capitol Real Estate LLC

    1624 Decatur St SW, Olympia, WA 98502
  • /20

    $215,000

    • 2 Beds
    • 2 Baths
    • 1,344 Sq Ft

    2334 Crestridge Dr NW, Olympia, WA 98502

    Rare opportunity to own two lots with a peekaboo view of Totten Inlet and Squaxin Passage in the desirable Carlyon Beach HOA Community! The existing 1990, 2-bedroom, 2-bath, 1,344sf manufactured home offers a choice to renovate or remove, making way for your dream home or investment on this 17,860sf lot. Septic, water, and power are already on site, providing an excellent head start for future

    Vickie Jackson Coldwell Banker Evergreen

    2334 Crestridge Dr NW, Olympia, WA 98502
  • /2

    $498,500

    $52K PRICE DROP
    • 4 Beds
    • 2 Baths
    • 1,832 Sq Ft

    1414 Hensley St NE Unit 1412, Olympia, WA 98516

    NICE PASSIVE INVESTMENT! Centrally located in the heart of Lacey, this charming duplex is within walking distance of grocery stores, restaurants, and shopping. Tucked away at the end of the street for added privacy, the property features a spacious fenced backyard with mature trees. This well-maintained single-story duplex. Each unit offers 2 bedrooms, 1 bathroom, utility room with washer and

    Margo Street Networks Real Estate LLC

    1414 Hensley St NE Unit 1412, Olympia, WA 98516
  • /14

    $1,625,000

    New Construction
    • 12 Beds
    • 12 Baths
    • 5,928 Sq Ft

    1620 Decatur St SW, Olympia, WA 98502

    Exceptional opportunity to acquire 2 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

    Justin Hjelm Capitol Real Estate LLC

    1620 Decatur St SW, Olympia, WA 98502
  • /36

    $549,000

    $51K PRICE DROP
    • 4 Beds
    • 2 Baths
    • 1,588 Sq Ft

    521 & 523 Boulevard Rd SE, Olympia, WA 98501

    Outstanding opportunity in a highly desirable Olympia location! Featuring two income-producing 2-bedroom, 1-bath homes on one lot, plus a separate adjacent building lot zoned 4–8 units per acre. Currently rented, offering immediate returns with future upside. 523 is 769 sq. ft., built in 1962, and has been updated with a newer roof, flooring, and siding, and rented for $1,670.00 a month, while

    Julia Galleher Keller Williams Realty PS

    521 & 523 Boulevard Rd SE, Olympia, WA 98501
  • /19

    $699,950

    • 5 Beds
    • 3 Baths
    • 2,207 Sq Ft

    1819 Karen Frazier Rd SE, Olympia, WA 98501

    Like new investment opportunity in the heart of Olympia. This duplex style home features a 3 bedroom, 2.5 bath main home with an attached 2 bedroom, 1 bath ADU. Both homes features solid surface flooring throughout, granite counters throughout, stainless appliances, high efficiency mini split heat pump systems with air conditioning, and energy efficient insulation and lighting packages. Built in

    Brian Dermanoski Blue Summit Realty LLC

    1819 Karen Frazier Rd SE, Olympia, WA 98501
  • /37

    $585,000

    • 4 Beds
    • 2.5 Baths
    • 2,638 Sq Ft

    8322 55th Ave SE, Olympia, WA 98513

    So many premium upgrades define this move-in-ready, 2,638 sqft home in Courtney View Estates! The main level welcomes you with a soaring two-story living room ceiling and updated hardwood floors, flowing seamlessly into the formal dining room, modern granite kitchen, and inviting family room. In the last five years, major investments have been made including COMPLETELY new guest bathroom (’25),

    Jay Kobza Abbey Realty Inc

    8322 55th Ave SE, Olympia, WA 98513
  • /27

    $399,900

    • 2 Beds
    • 1.5 Baths
    • 826 Sq Ft

    2317 Washington St SE, Olympia, WA 98501

    Fantastic opportunity to own a newer construction townhome in Olympia's desirable SE Capitol neighborhood. Ideally located across from Stevens Field and Lincoln Elementary and surrounded by established homes, this property offers convenient access to downtown Olympia's shopping, dining, parks, and local amenities. Private parking is accessed via a shared driveway, and the partially fenced outdoor

    Kyle Graham Dove Realty, Inc.

    2317 Washington St SE, Olympia, WA 98501
  • /38

    $630,000

    $40K PRICE DROP
    • 4 Beds
    • 2 Baths
    • 2,060 Sq Ft

    5501 89th Ave SE, Olympia, WA 98513

    FREE Living! No HOA, No water or sewer bill! Back on market due to failed financing. Over 2,000+ sq ft | 4 bed · 2 bath ~ almost 8 acres — Peaceful & serene Prime location for this Olympia farm-home on acreage w additional buildable flat parcel opportunity. Minutes to top-rated schools, shopping & dining. i5 less than 15min away. 30min to JBLM. Sea/PDX less than 2 hr drive. New exterior/interior

    Jackie Davis eXp Realty

    5501 89th Ave SE, Olympia, WA 98513
  • /40

    $695,000

    • 2 Beds
    • 1 Bath
    • 880 Sq Ft

    2838 Steamboat Island Rd NW, Olympia, WA 98502

    Experience the magic of Puget Sound living on Steamboat Island! Tucked away just outside Olympia, this low-bank waterfront property offers, opportunity to enjoy one of the South Sound’s most unique waterfront communities. The property features a 2-bedroom, 1-bath mobile home & detached-2 story, 2-car garage. Cross the quaint bridge onto the island and discover a peaceful getaway surrounded by

    Julia Runyan RE/MAX Exclusive

    2838 Steamboat Island Rd NW, Olympia, WA 98502
  • /16

    $699,950

    • 5 Beds
    • 3 Baths
    • 2,207 Sq Ft

    1823 Karen Frazier Rd SE, Olympia, WA 98501

    Like new investment opportunity in the heart of Olympia. This duplex style home features a 3 bedroom, 2.5 bath main home with an attached 2 bedroom, 1 bath ADU. Both homes features solid surface flooring throughout, granite counters throughout, stainless appliances, high efficiency mini split heat pump systems with air conditioning, and energy efficient insulation and lighting packages. Built in

    Brian Dermanoski Blue Summit Realty LLC

    1823 Karen Frazier Rd SE, Olympia, WA 98501
  • /24

    $600,000

    • Land
    • 43.27 Acres
    • $13,866 per Acre

    0 Summit Lake Rd NW Unit NWM2494450, Olympia, WA 98502

    Buy land! They're not making any more of it! This is a rare investment opportunity to own 40+ acres of developable land in the desirable Summit Lake community, including a public boat launch and community center. Two parcels included in the sale for total of 43.27 acres (13808330000 is 32.67 and 13819220000 is 10.6). Bring your house plans for total seclusion, divide into multiple dwellings.

    Todd McAntosh Northfork Realty

    0 Summit Lake Rd NW Unit NWM2494450, Olympia, WA 98502
  • /8

    $1,900,000

    $100K PRICE DROP
    • 12 Beds
    • 10 Baths
    • 5,834 Sq Ft

    517 Oso Berry St NW, Olympia, WA 98502

    Exceptional investment opportunity in West Olympia! This 4-plex features four spacious 3BD/2.5BA townhome-style units built in 2015. Each unit offers modern finishes, in-unit washer/dryer, stainless appliances, granite counters, and a 2-car garage. Strong rental income. 4.58% cap rate. Please do not disturb the tenants. Showings will be provided following an offer.

    Angad Mahal Pacific Residential Brokers

    517 Oso Berry St NW, Olympia, WA 98502
  • /14

    $370,000

    $10K PRICE DROP
    • 2 Beds
    • 1 Bath
    • 784 Sq Ft

    3110 Chelsea Ct NW, Olympia, WA 98502

    Welcome to this charming, move-in-ready home in desirable Northwest Olympia! Nestled near the end of a quiet dead-end street with minimal through traffic, this well-maintained 2-bedroom, 1-bath home offers comfortable single-level living in a peaceful setting. Fresh interior and exterior paint provide a bright, refreshed feel throughout. Step inside to a spacious open living and dining area

    Huy Phan Better Properties Hometown

    3110 Chelsea Ct NW, Olympia, WA 98502
  • /40

    $439,500

    • 2 Beds
    • 2 Baths
    • 1,074 Sq Ft

    6924 Jericho Ln SW, Olympia, WA 98512

    Fully remodeled and Move-in-Ready, this lovingly maintained single-level home with an Open Floor plan offers comfort, style, and convenience. Makes a great starter home, easy living or investment. Central Air-Conditioning will keep you cool all summer long !! Thoughtfully updated throughout, it features durable laminate flooring, a fully remodeled kitchen with a spacious island, soft close

    Kavita Kamat RE/MAX Parkside Affiliates

    6924 Jericho Ln SW, Olympia, WA 98512
  • /14

    $819,000

    New Construction
    • 6 Beds
    • 6 Baths
    • 2,964 Sq Ft

    1614 Decatur St SW, Olympia, WA 98502

    Exceptional opportunity to acquire 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

    Justin Hjelm Capitol Real Estate LLC

    1614 Decatur St SW, Olympia, WA 98502
  • /9

    $259,900

    $10K PRICE DROP
    • Land
    • 8.65 Acres
    • $30,046 per Acre

    8600 Steamboat Island Rd NW, Olympia, WA 98502

    Expansive 8.6-acre estate property offering a blank canvas in a highly sought-after Steamboat Island location. Featuring 309' of frontage on Steamboat Island Rd NW, 1176' depth on the north side, 1272' on the south, and approx. 50' of waterfront on Sanderson Inlet at the far end of the property, this parcel delivers exceptional opportunity for development or private retreat. The inlet frontage is

    Anya Myer RE/MAX Parkside Affiliates

    8600 Steamboat Island Rd NW, Olympia, WA 98502
  • /40

    $929,950

    • 7 Beds
    • 5 Baths
    • 4,161 Sq Ft

    2019 Capitol Way S, Olympia, WA 98501

    Welcome home to this stunning Craftsman in the coveted South Capitol Campus neighborhood! Featuring 7 bedrooms, 4.5 bathrooms, and 4,161 sq. ft., this historic home blends timeless character with thoughtful modern updates.Originally used to house Congressional members, this one-of-a-kind property is filled with vintage charm, abundant natural light, beautiful bay windows, and multiple decks and

    Guy Duvall John L. Scott Lacey

    2019 Capitol Way S, Olympia, WA 98501
  • /15

    $634,950

    • 4 Beds
    • 4 Baths
    • 2,550 Sq Ft

    8111 58th Ave SE, Olympia, WA 98513

    Great investment opportunity! Nestled among a grove of mature trees for exceptional privacy, this well-maintained 2,550 sq ft duplex offers the perfect blend of peaceful living and income potential with scenic views of Pattison Lake. Each spacious unit features 1,275 sqft of comfortable living space with 2 bedrooms, 2 bathrooms, vaulted ceilings, central heat, and an attached one-car garage.

    Derek Johnson Keller Williams Rty Tacoma

    8111 58th Ave SE, Olympia, WA 98513
  • /14

    $819,000

    New Construction
    • 6 Beds
    • 6 Baths
    • 2,964 Sq Ft

    1610 Decatur St SW, Olympia, WA 98502

    Exceptional opportunity to acquire 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

    Justin Hjelm Capitol Real Estate LLC

    1610 Decatur St SW, Olympia, WA 98502
  • /21

    $699,950

    • 5 Beds
    • 3 Baths
    • 2,207 Sq Ft

    1815 Karen Frazier Rd SE, Olympia, WA 98501

    Like new investment opportunity in the heart of Olympia. This duplex style home features a 3 bedroom, 2.5 bath main home with an attached 2 bedroom, 1 bath ADU. Both homes features solid surface flooring throughout, granite counters throughout, stainless appliances, high efficiency mini split heat pump systems with air conditioning, and energy efficient insulation and lighting packages. Built in

    Brian Dermanoski Blue Summit Realty LLC

    1815 Karen Frazier Rd SE, Olympia, WA 98501
  • /38

    $487,777

    • 3 Beds
    • 2 Baths
    • 1,608 Sq Ft

    1954 Division St NW, Olympia, WA 98502

    Turnkey rental income with immediate cash flow: Well maintained Olympia duplex offering an opportunity for investors, owner-occupants or multi-generational living. Conveniently located near Capital Mall, Evergreen State College, schools, grocery stores, restaurants, medical services, and major commuter routes. Bus stop located nearby for easy transit access. Situated on a 0.25-acre corner lot,

    Jesse Savage Paramount Real Estate Group

    1954 Division St NW, Olympia, WA 98502
  • /40

    $710,000

    $40K PRICE DROP
    • 4 Beds
    • 6 Baths
    • 2,632 Sq Ft

    420 Bungalow Dr NW, Olympia, WA 98502

    Great opportunity to add to your investment portfolio, offering potential for instant cash flow. This 2007 duplex features 2 townhomes, each w/2 bedrooms & 2.5 bathrooms. One unit includes a two-car garage, while the other offers a one-car garage w/additional storage; both units have driveway parking & private backyards. The homes offer thoughtfully designed open concept floor plans perfect for

    Mike Duggins RE/MAX Parkside Affiliates

    420 Bungalow Dr NW, Olympia, WA 98502
  • /6

    $795,000

    $55K PRICE DROP
    • 6 Beds
    • 6 Baths
    • 2,992 Sq Ft

    3145 5th Ave NW, Olympia, WA 98502

    Solid investment opportunity in West Olympia! This fully occupied duplex features two spacious 3BD/2.5BA units with strong rental income. Solid 4.12% cap rate makes this an attractive addition to any investment portfolio. Both units tenant occupied — please do not disturb tenants. Showings following accepted offer.

    Angad Mahal Pacific Residential Brokers

    3145 5th Ave NW, Olympia, WA 98502
  • /18

    $675,000

    • 5 Beds
    • 3 Baths
    • 2,383 Sq Ft

    1438 Fones Rd SE Unit A&B, Olympia, WA 98501

    PRICE IMPROVEMENT!! Excellent Location & Strong Investment Opportunity! Well-maintained units in great condition, featuring thoughtful interior updates completed over the past few years. The property benefits from ongoing city road improvements along Fones Road, enhancing accessibility and long-term value. Ideally situated in a close-in location and very close to a freeway exit, this property

    Satish Kanchukatla Kelly Right RE of Seattle LLC

    1438 Fones Rd SE Unit A&B, Olympia, WA 98501
  • /22

    $449,950

    • Land
    • 6.68 Acres
    • $67,358 per Acre

    3502 40th Ave SE, Olympia, WA 98501

    RARE OPPERTUNITY IN PRIME OLYMPIA LOCATION! Nearly 7 acres of flat, usable land in one of Olympias more desirable neighborhoods - ready for your custom dream home! With a mix of open pasture & private forested wetlands at the rear, this property offers both space and serenity. A tear-down cabin currently sits on-site. Hard-to-find acreage like this, in such a sought-after area, doesn't come

    Gabriel Hofer Skyline Properties, Inc.

    3502 40th Ave SE, Olympia, WA 98501
  • /34

    $435,000

    • 3 Beds
    • 2.5 Baths
    • 1,400 Sq Ft

    6516 Indiana St SE, Olympia, WA 98513

    Welcome home to this beautifully renovated 1,400-square-foot townhome in the desirable Horizon Pointe community! This stunning 3-bed, 3-bath home has been thoughtfully updated from top to bottom, offering the perfect blend of modern style and low-maintenance living. Step inside to discover new flooring, contemporary lighting, fresh interior paint, updated doors and hardware, and elegant quartz

    Amanda Sampson Capitol Real Estate LLC

    6516 Indiana St SE, Olympia, WA 98513
  • /34

    $439,900

    • 3 Beds
    • 2 Baths
    • 1,378 Sq Ft

    2725 27th Ave SW, Tumwater, WA 98512

    Welcome home to this inviting 3 BR, 2 BA rambler, perfectly situated in a central location close to shopping, dining, schools, parks, and everyday amenities. Designed for comfortable living, the functional one-level floorplan offers spacious living areas, large bedrooms with easy accessibility throughout. Wonderful, private back yard. Whether you're a first-time homebuyer, looking to downsize, or

    Stephanie Parsons Windermere Real Estate Olympia

    2725 27th Ave SW, Tumwater, WA 98512
  • /20

    $499,000

    $21K PRICE DROP
    • 2 Beds
    • 2 Baths
    • 1,232 Sq Ft

    902 North St SE, Tumwater, WA 98501

    Owning a 1940s 1-bedroom, 1-bathroom duplex in Olympia's Carlyon district offers a perfect blend of historic charm, high rental demand, and a premier neighborhood footprint. Located within the highly coveted Olympia School District, this type of property serves as both an architectural gem and a resilient real estate investment. Solid construction has been modernized with tasteful kitchen and

    Dan Sweeney RE/MAX Parkside Affiliates

    902 North St SE, Tumwater, WA 98501

Home Price Trends

Median Sale Price
$551,000
Median Single Family Sale Price
$570,000
Median Townhouse Sale Price
$414,000
Median 2 Bedroom Sale Price
$468,000
Median 1 Bedroom Sale Price
$245,000
Average Price Per Sq Ft
$298
Number of Homes for Sale
225
Last 12 months Home Sales
1,002
Months of Supply
2.70
Median List Price
$570,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
7%
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