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

Investor Alert! Fantastic location in Olympia within the Wilderness Sub Division off of Blvd Rd. Duplex with long term tenants occupying each unit. Each unit has two bedrooms , one and one half baths, dining areas and fireplaces plus single car garages. New Dishwasher and Stove installed July 2025 in unit #2813. Kitchen in unit #2811 has Granite countertops. Easy access to public

Lisa Jech Designed Realty

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

What a stellar South Capitol location with great views of Capitol Lake! On a street of fine old homes. Modest, cozy home w/ elements of Old World charm and beautiful, recently refinished red oak floors. Ideal owner occupant set-up with rental income.

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

Amazing investment opportunity with this consistently-rented fourplex. Each townhouse-style unit has 2 bedrooms and 1.5 baths. Convenient location just minutes from amenities and the freeway for an easy commute. One covered parking spot for each unit, plus 4 guest spots. Siding is in process of replacement. One unit has been completely remodeled and another recently refreshed with new carpets and

Jessica Kammeyer Redfin

3 units, 2 houses, 1 lot! All 3 units operate as successful short term rentals. First house is 2 bedrooms divided into 2 units. Unit A has 1 bedroom, full bath & large kitchen w/door that opens to the expansive over 1/2 acre woodsy yard. A Dutch door opens to the attached carport. Unit B is a clever conversion: the primary suite has been transformed into a studio apartment complete w/3/4 bath,

Gretchen Nogler Better Properties N. Proctor

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

Well-maintained and full of classic charm, this 2,588+/- sq ft duplex is a rare find in Olympia’s highly desirable South Capitol neighborhood. Each unit offers 3 spacious bedrooms and 2 bathrooms, blending vintage character with functional living. A fantastic investment opportunity, this property provides strong cash flow potential for investors or is ideal for owner-occupants looking to offset

John Stormans Olympic Sotheby's Int'l Realty

Great investment opportunity! Sitting on just over 3/4 of an acre, this 4plex offers two units upstairs and two downstairs. Each unit has 2 bedrooms, 1 bathroom, a dining room, a kitchen and a large balcony or patio with a storage closet. There is a carport with 4 stalls and 4 additional parking spaces. Mature landscaping gives off a park like setting, while being very close to shopping.

Lisa Kirk St Clair Realty

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

Beautifully maintained home with apartment, in Olympia’s desirable Eastside neighborhood! On a corner lot with mature landscaping, this 1,572+/- sqft property has so much charm. 2 bed, 1 bath main house boasts mid-century character with refinished original hardwood floors, fresh interior paint, and stylish updates including new kitchen counters and backsplash. 1 bed 1 bath apartment is bright &

John Stormans Olympic Sotheby's Int'l Realty

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

Incredible investment in this charming renovated Duplex of 2196 SF plus 844 SF finished basement - on large lot just minutes from Capitol Campus! 3 bed/1 bath (1835 sf) on one side and a 1 bed/1 bath (1205 sf) on the other. Each side includes private basement w/laundry. Newer hardi siding, windows & doors. AND, newer electrical, plumbing, kitchens, baths, appliances, flooring, driveway,

Jodi Ashline Coldwell Banker Evergreen

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

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

This well-kept duplex offers a fantastic investment opportunity with low tenant turnover & long-term rental stability. Perfect for investors or owner-occupants, this property features two distinct units. One unit boasts 3 beds & 1 bath. Other unit features 1 bed & 1 bath, plus a fireplace! Two dedicated parking spaces available. Brand new roof! Whether you’re looking to generate steady rental

Ron Rougeaux eXp Realty

Incredible investment opportunity w/great cap rate & rental history, offering potential for instant positive cash flow. Buyers & tenants will love calling this place home. 2005 built duplex consisting of two townhomes, each home contains 2 bedrooms, 2.5 bathrooms, one unit has a 2 car garage, the other has 1 car w/storage, both have driveway parking & a private backyards. These live like single

Peter Warren Windermere RE West Campus Inc

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

Jeff Weeks Olympic Sotheby's Int'l Realty