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Olympia, WA Multifamily Homes & Duplexes for Sale

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  • /33

    $615,000

    • 4 Beds
    • 4 Baths
    • 2,280 Sq Ft

    1418 Mamook Ct NE, Olympia, WA 98516

    Well-maintained duplex townhome located on a quiet cul-de-sac in desirable NE Olympia. This light-filled home features a functional open-concept layout with spacious living and dining areas, perfect for everyday living and entertaining. The kitchen offers ample cabinetry and counter space, creating both efficiency and style. Generous bedrooms provide comfort and privacy, while large windows bring

    Paul Valentine Hayden Outdoors LLC

    1418 Mamook Ct NE, Olympia, WA 98516
  • /4

    $535,000

    • 4 Beds
    • 4 Baths
    • 1,920 Sq Ft

    520 Garrison St NE, Olympia, WA 98506

    Duplex located in the popular Bigelow neighborhood. Each unit features 2 bedroom, 1.5 bathroom and nearly 1000 sq ft. Enjoy being close to a delicious bakery, Bigelow Park, downtown, and on bus line. Strong rental history. Tenants pay water, sewer, garbage & power. Big yards with private patios, room for gardens, carport, extra parking & storage.

    Betty Holt Olympic Sotheby's Int'l Realty

    520 Garrison St NE, Olympia, WA 98506
  • /39

    $615,000

    • 4 Beds
    • 4 Baths
    • 2,486 Sq Ft

    1007 Lybarger St SE, Olympia, WA 98501

    Outstanding investment opportunity or owner occupant duplex. This duplex has been very well maintained. Each unit features 2 bedrooms, 1.5 baths, fireplace, washer/dryer and single car garages. Unit 1009 has new carpet, paint and heat pump. Large private backyards with one unit completely fenced. Units have their own water meters and units are currently vacant for ease of showing. Olympia Schools

    Steve Garrett Windermere Real Estate Olympia

    1007 Lybarger St SE, Olympia, WA 98501
  • /30

    $535,000

    • 4 Beds
    • 4 Baths
    • 1,920 Sq Ft

    521 Henry St NE, Olympia, WA 98506

    Duplex located in the popular Bigelow neighborhood. Each unit features 2 bedroom, 1.5 bathroom and nearly 1000 sq ft. Enjoy being close to grocery, Bigelow Park, downtown, and on bus line. Strong rental history. Tenants pay water, sewer, garbage & power. Big yards with private patios, room for gardens, carport, extra parking & storage.

    Betty Holt Olympic Sotheby's Int'l Realty

    521 Henry St NE, Olympia, WA 98506
  • /8

    $2,000,000

    • 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
  • /38

    $489,900

    • 4 Beds
    • 2 Baths
    • 1,840 Sq Ft

    1074 Central St SE, Olympia, WA 98501

    Solid Eastside Olympia duplex in a high-demand rental location just blocks from downtown Olympia. Historically stable income and future upside. Each 920 SF unit features 2 bedrooms, 1 bath, in-unit laundry, laminate floors, skylights and some outdoor space. Generous paved parking area with a large multi-vehicle covered carport adds convenience rarely found at this price point. Ideally located

    Bruce Batson Coldwell Banker Evergreen

    1074 Central St SE, Olympia, WA 98501
  • /15

    $515,000

    • 3 Beds
    • 2 Baths
    • 1,406 Sq Ft

    1512 1514 Fones Rd SE, Olympia, WA 98501

    Opportunity knocks with this side by side duplex located on a quiet dead end road. Each unit offers a simple, functional layout with 2 bedrooms, 1 bathroom on one side and 1 bedroom 1 bathroom on the other side. They each have dedicated carport plus additional parking. Excellent location—close to shopping, the town center, and everyday conveniences. Commuters will appreciate the easy access to

    Joshua Carlson Better Properties N. Proctor

    1512 1514 Fones Rd SE, Olympia, WA 98501
  • /19

    $1,050,000

    • 4,776 Sq Ft

    906 908 Adams St SE, Olympia, WA 98501

    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

    906 908 Adams St SE, Olympia, WA 98501
  • /18

    $710,000

    • 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
  • /36

    $599,950

    • 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
  • /2

    $550,000

    • 4 Beds
    • 2 Baths
    • 1,832 Sq Ft

    1414 Hensley St NE Unit 1412, Olympia, WA 98516

    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

    1414 Hensley St NE Unit 1412, Olympia, WA 98516
  • /30

    $650,000

    • 4 Beds
    • 3 Baths
    • 2,422 Sq Ft

    503 Devoe St NE, Olympia, WA 98506

    Strong investment opportunity with immediate cash flow. Situated on the Eastside of Olympia within the UGA—just outside city limits—this property is not subject to the City of Olympia’s newer landlord-tenant regulations. Built in 2011, the duplex features two well-designed units: a 3 bed, 2 bath and a 2 bed, 1 bath. The 2-bedroom unit has been recently remodeled with LVP flooring, quartz

    Keenan French Capitol Real Estate LLC

    503 Devoe St NE, Olympia, WA 98506
  • /7

    $1,750,000

    • 4 Beds
    • 2 Baths
    • 2,048 Sq Ft

    8623 Steilacoom Rd SE Unit A/B, Olympia, WA 98513

    Existing Duplex on 1.28 acres Enhanced short plat Approval. Approved plans to pick up at city to start sewer and water extension sidewalk street trees for 1 lot to become Seven Lots. Existing Duplex will become 2 town homes separate lots plus 5 new single home lots. 7 lots total. Per Wa state 2 Adu's can be added per lot and sold separate. Total 7 homes plus 14 each 1000 Sf ADU's could be on

    Jared English Congress Realty

    8623 Steilacoom Rd SE Unit A/B, Olympia, WA 98513
  • /6

    $850,000

    • 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
  • /25

    $649,000

    • 4 Beds
    • 4 Baths
    • 2,368 Sq Ft

    2896 Fortner Dr SW, Tumwater, WA 98512

    Welcome to 2896 Fortner Dr SW, a beautifully maintained duplex nestled in a quiet, private setting on desirable Tumwater Hill. This exceptional property features two well-designed units, each offering 2-bedrooms and 2-bathrooms, ideal for comfortable living or strong rental potential. Unit B includes a spacious 2-car garage, while the other offers a convenient 1-car garage, providing flexibility

    Jim Greene Olympic Sotheby's Int'l Realty

    2896 Fortner Dr SW, Tumwater, WA 98512

Why Live in Olympia

Olympia's waterfront location on Puget Sound creates an outdoor paradise with the 3.5-mile Percival Landing boardwalk providing stunning views of the Olympic Mountains. The Washington State Capitol Campus stands as the city's crown jewel, welcoming visitors to tour its Legislative Building and State Reception Room. Nature lovers enjoy hiking and beach access at Priest Point Park, while the Capitol Forest provides extensive trails for hiking, biking, and horseback riding. The Washington Center for the Performing Arts hosts regular shows downtown, complementing cultural attractions like the Squaxin Island Museum and the outdoor Monarch Sculpture Park with its collection of over 100 contemporary pieces.

The median price for single family homes in Olympia is $590,000, with prices varying significantly by neighborhood. South Capitol commands the highest median prices at $620,000, while West Bay Drive homes have a median price of $382,500. Condominiums present a more affordable option, with one-bedroom units at a median price of $222,000 and two-bedroom units at $340,000. Townhomes fall in between with a median price of $415,200.

Living costs in Olympia run 12.4% above the national average. A family with school-age children needs approximately $119,000 annually to live comfortably, while renters should aim for $67,000. Monthly grocery costs average $1,600 for families and $700 for renters. Housing expenses typically reach $2,900 monthly for families and $2,600 for renters. The combined sales tax rate is 9.43%, while property taxes sit at 0.9%. Gasoline costs $4.221 per gallon, 30% above the national average. The public school system includes highly rated institutions like Pioneer Elementary School and Olympia High School, plus private options such as NOVA Middle School, which received an A+ rating from Niche.

Home Trends in Olympia, WA

Housing Trends

Median Sale Price
$544,900
Median Single Family Sale Price
$565,000
Median Townhouse Sale Price
$412,000
Median 2 Bedroom Sale Price
$372,500
Median 1 Bedroom Sale Price
$185,000
Average Price Per Sq Ft
$301
Number of Homes for Sale
147
Last 12 months Home Sales
993
Months of Supply
1.80
Median List Price
$565,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
6%
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