Olympia, WA Multifamily Homes & Duplexes for Sale

Welcome to 3217 Mayfair, a charming duplex located right behind SPSCC. This beautifully maintained property features two spacious units. A 3 bed/2 bath & a 2bed/1bath. The perfect rental opportunity for both investors & homeowners. Recent flooring and paint updates. The inviting layouts include open living areas filled with natural light, well-appointed kitchens, and cozy bedrooms. Conveniently

Robert Elvin Realty One Group Bold

Amazing investment opportunity with two houses on one lot in the popular North East neighborhood. Both homes were completely remodeled in 2021. Main house features a cozy living room with electric fireplace, kitchen with eating bar, 2 bedrooms, and full bath. Extra finished storage space in attic. 2nd house is a studio with a full bath and kitchenette with a separate gated driveway off Ethridge.

Jessica Kammeyer Redfin

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

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

Well built duplex with great rental history and market leading rents on the popular Cooper Point peninsula. Private lot in a quite wooded community creates an ideal setting for an investor or owner occupant. Large 1200+ sqft units with great open floor plan, 3 beds, 1.5 baths, and attached 1 car garage. Vacant unit has updated flooring, paint, and a fully redone main bath. Brick siding is easy to

John Stormans Olympic Sotheby's Int'l Realty

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 street parking spaces

Eboni Allen HomeSmart Real Estate Assoc

WOW, Fully Remodeled, $1895 rents and the ability to build more units! This one has it all! Everything has been updated: New roof; new paint; new kitchens; new bathrooms; flooring; doors; millwork; cabinets; appliances; hot water tanks and more. Vinyl windows. Easy to maintain LVP flooring with tile in the bathrooms. Complete new bathrooms and kitchens. WASHER and DRYER hookups in garages. Lots

Mike Erdahl Abbey Realty Inc

Updated 1920’s duplex in historic South Capitol Neighborhood where freedom, charm & convenience collide! Enjoy new roof, no HOA & views of Lincoln Elementary garden next door. Double-pillar covered front porch overlooks easy-care front turf lawn & long driveway to 4-car garage/shop. Unit A offers a new deck, 3BR, 3/4 en-suite bath, full main bath & a massive vaulted primary bdrm/bonus w/4 walk-in

Jami Downing Abbey Realty Inc

This lovely view property next to a pocket park is in the South Capitol neighborhood which is one of Olympia's most sought-after areas; it's a peaceful area just minutes from the state capitol, markets, restaurants in downtown Olympia. This renovated duplex with beautiful refinished red oak floors has plenty of windows toward the lake; relax by the working wood stove upstairs or on the deck of

Spence Weigand Virgil Adams Real Estate, 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.

Attention Investors: Nice duplex near city of Lacey amenities within walking distance to groceries, restaurants and bigger shopping center. This duplex is located at the end street offering privacy. Spacious fenced backyard with some trees. Nice responsible and established tenants who wish to stay. A well-maintained single-story duplex, each unit offers 2-beds, 1-bath, utility room with washer

Margo Street Networks Real Estate LLC

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

Don’t miss this incredible opportunity to own a fully updated and renovated duplex in one of Olympia’s most desirable locations. Featuring sleek stainless-steel appliances, brand-new Hardie siding throughout, and modern finishes, this property is truly move-in ready. Perfect for investors or owner-occupants alike, each unit offers comfortable living just steps from shops, restaurants, parks, and

Tyler Kanda Greene Commercial

This well-maintained duplex in Olympia's South Capitol neighborhood is an excellent investment opportunity, featuring two 2-bedroom, 1-bath units. It's ideal for both investors and owner-occupants. The single-story property includes a newer roof, a shared two-car garage with storage, and a private driveway. Each unit has private fenced backyards. Easy access to shopping, dining, public

Terrance Meyer Better Properties - Metro

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

Exceptional opportunity to own a fully leased 11-unit transitional housing property in the heart of Olympia, generating a strong $148,073 in annual NOI. Spread across three buildings, this triplex-configured asset delivers consistent performance with long-term tenancy and stable returns. Features include shared laundry and ample off-street parking—enhancing tenant retention in this central

Lisa Le COMPASS