Olympia, WA Multifamily Homes & Duplexes for Sale

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

Great investment opportunity to add to your portfolio, offering instant cash flow. Located on Eastside of Olympia in the UGA, just outside of city limits. New city of Olympia landlord/tenant laws do not apply. 2011 built duplex has a 2 bed, 2 bath + extra finished room unit & other unit is 2 bed, 1 bath (4bd septic), newly remodeled/updated: LVP flooring, quartz counters, all new millwork, trim,

Keenan French Olympic Sotheby's Int'l Realty

Investment Opportunity – 3 Homes on 2+ Acres in West Olympia! Discover a rare income-producing property with development potential in Olympia’s desirable westside. This unique estate at 3226 Cooper Point Rd NW includes three separate rental homes, all currently occupied, providing immediate cash flow for the new owner. Situated on R-4 zoned land (Residential 4 units per acre), the property offers

Richard Beckman Richard Beckman Rlty Group LLC

Attention Investors!! Well maintained 4-plex, 2 duplexes, in a great location with a 7.4 cap rate! All 4 units have the same layout and are 2 bedroom, 1 bathroom, 830+/- sqft with one car garages and large fenced back yards. Tenants pay water & garbage and the sewer is on septic so no monthly bills for the owner. Close to all amenities and located on a dead end street.

Tommy Lowe Olympic Sotheby's Int'l Realty

Like NEW! Fully REMODELED duplex with FOUR PLEX potential! Everything new: New roof, new paint, new kitchens, new bathrooms, new flooring, new doors and millwork, new appliances, new hot water tanks and more. Washer and dryer hookups in garage. Plenty of parking. Good rents! BONUS: Large lot with the ability to build additional unit(s) in the backyard! Property extends far beyond the chain link

Mike Erdahl Abbey Realty Inc

BEAUTIFULLY UPDATED, Nestled on 1.3 acres of level land, this property offers a dream setting for anyone seeking a mini-farm lifestyle ! A 2 bd, 2 bath, 1127 SECOND home w/ INCOME EARNING potential, 1377-square-foot shop, plus 880-square-foot detached garage offers additional covered parking/ storage/workspace.The main home features 3 beds,1.75 baths, a Brand New Roof, new flooring throughout,

Anna Khmilevsky Better Properties Eastside

Rare opportunity to own a fully occupied, seller-owned 8-unit mobile home park in Olympia, delivering an impressive 8.91% cap rate and strong in-place cash flow. Devoe Mobile Park produces $138,128 in annual NOI and $160,800 in gross income, making it one of the highest-yielding portfolios in Thurston County! Includes 1 single-family home and 7 mobile homes, plus 11 storage sheds, a 2-car garage,

Madison Del Vigo Coldwell Banker Evergreen

High-Performing duplex in prime Tumwater location. Moments from the Craft District this fully detached duplex offers exceptional rental income and long-term upside. The refreshed 3-bed, 1-bath main home is leased at $2,657/month through May 2026, while the detached 1-bed 1-bath ADU is vacant and ready for new tenants or owner occupancy. NOI tops $45K/year when fully leased—some of the strongest

Madison Del Vigo Coldwell Banker Evergreen

The highest-earning 4-plex in Thurston County—fully occupied and producing $82,116 in gross annual income. Long-term tenants and zero vacancy make this a standout investment. Three 1-bed/1-bath units and one 2-bed/1-bath, all upgraded with refreshed counters, doors, efficient wall heaters. Coin-op laundry, individual storage sheds, and 7 off-street parking stalls add convenience and value.

Madison Del Vigo Coldwell Banker Evergreen

NEW ROOF AND DECKING. Unit 1 vacant for an excellent owner occupied opportunity. Unit 1 is currently getting new flooring, paint and bathroom. Excellent tenants. One level building with all units facing a courtyard. No one above or beneath each unit and the utility room separates the walls of each unit. Shared laundry with room in each unit to upgrade and put a W/D in the hallway closet. Two off

Eboni Allen HomeSmart Real Estate Assoc

6.42% Cap Rate. Investor ALERT-$$$ Reduced. Updated 1920’s duplex in historic South Capitol Neighborhood where freedom, charm & convenience collide! Enjoy new roof, no HOA & views of Lincoln Elementary garden. Double-pillar covered front porch overlooks easy-care front turf lawn & long driveway to 4-car garage/shop. Unit A w/new deck, 3BR, 3/4 en-suite bth, full main bth & massive vaulted primary

Jami Downing Abbey Realty Inc

INVESTOR ALERT! Great rents come with this extremely solid investment. Perfectly situated multi-family property on the Westside, just minutes from shopping, hospital, freeway, schools, and various amenities! One unit has been recently remodeled and the other given updates as well. Make an offer today and watch your investment grow!

Spence Weigand Virgil Adams Real Estate, Inc.

Fully rented 4-plex in the Olympia School District. Each unit includes its own garage and in-unit washer and dryer, a rare combination that adds convenience and long-term appeal. Three of the four units have been beautifully remodeled top to bottom with updated kitchens, new flooring, and modern finishes. Major exterior updates include new concrete plank siding, newer roof, and windows, ensuring

Palmer Higa BHGRE - Northwest Home Team

This move-in ready duplex is an excellent house hack or investment opportunity! Tens of thousands of dollars of updates, including newer LVP flooring and interior paint, upgraded kitchens and bathrooms, double pane vinyl widows, in-unit W/D, and exterior paint make this a turn-key rental or home. Dedicated off-street parking and a shed to store your yard tools. Attractive Westside location w/

Aaron Nelson Skyline Properties, Inc.

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

Rare opportunity in Lacey—two detached single-family homes on one lot, each with its own charm and privacy. Both homes are currently rented, offering consistent occupancy and strong cash flow with an estimated 6.3% cap rate. One tenant is long-term, adding stability to this solid income-producing property. Located in a desirable area close to amenities, this is a smart addition to any investor’s

Noe Quezada BHGRE - Northwest Home Team

Unique opportunity to own a potential compound or multi-generational set up. Oversized .63 acre lot features 3 bedroom 1.5 bath, well kept rambler with some updates, newer windows and freshly refinished real hardwood floors. Charming cottage is 1 bedroom, 1 bath w/ a walk-in closet and move-in ready! Possible opportunity for 3rd dwelling, w/ possible changes to the Urban Growth area. Main home on

Courtney Drennon Morrison House Sotheby's Intl

Introducing STATESIDE FLATS located at 210 Bethel St NE, Olympia, WA 98506. 27 units with 32 parking stalls, offering a lucrative investment listed at $5.3 million. Conveniently situated just blocks from downtown Olympia and the state capitol, residents enjoy easy access to transit and major roadways for seamless commuting. With a current cap rate of 6.31%, there is ample potential for a new

Justin Kraft Highmark Partners

Great opportunity to own a well-maintained duplex on the Eastside of Olympia with a 7.3% CAP RATE. Both units are 2 bedrooms, 1 bathroom, attached garages with large, fenced backyards on a dead-end street. Tenants pay water, garbage and the property is on septic so there’s no monthly sewer cost to tenants. Seller is selling three other duplexes on the same street with the same floor plan and CAP

Tommy Lowe Olympic Sotheby's Int'l Realty

Great opportunity to own a well-maintained duplex on the Eastside of Olympia with a 7.3% CAP RATE. Both units are 2 bedroom, 1 bathroom attached garages with large, fenced backyards on a dead-end street. Tenants pay water, garbage and the property is on septic so there’s no monthly sewer cost to tenants. Seller is selling three other duplexes on the same street with the same floor plan and CAP

Tommy Lowe Olympic Sotheby's Int'l Realty

Exceptional custom-built duplex in Tumwater—a rare opportunity for investors or owner-occupants seeking a turnkey, income-producing property with strong rental history. Each side offers the comfort and privacy of a single-family home, featuring spacious layouts, private fenced yards, storage sheds, decks, and one-car garages. Unit A includes 4 bed /2 bath; Unit B features 3 bed/2 bath. Both units

Justin Cambra Keller Williams Rlty Bellevue