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South Capitol Homes for Sale

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  • 2011 Water St SW, Olympia, WA 98501
    2011 Water St SW, Olympia, WA 98501
    2011 Water St SW, Olympia, WA 98501
    /24

    $595,000

    • 2 Beds
    • 2 Baths
    • 1,316 Sq Ft

    2011 Water St SW, Olympia, WA 98501

    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.

    2011 Water St SW, Olympia, WA 98501
  • 311 19th Ave SE, Olympia, WA 98501
    311 19th Ave SE, Olympia, WA 98501
    311 19th Ave SE, Olympia, WA 98501
    /38

    $899,900

    • 3 Beds
    • 2 Baths
    • 2,919 Sq Ft

    311 19th Ave SE, Olympia, WA 98501

    Beautifully presented in Olympia’s beloved South Capitol Historic Neighborhood, the "Cunningham" home offers the feeling of yesteryear with original style intact. Bathed with natural light, it features generous-sized rooms and flexible spaces ideal for home offices, hobbies, or multi-generational living. Main floor primary bedroom. Separate entrance opens door to possible mother-in-law suite. AC.

    Diane Pust Van Dorm Realty, Inc

    311 19th Ave SE, Olympia, WA 98501
  • 2319 Washington St SE, Olympia, WA 98501
    2319 Washington St SE, Olympia, WA 98501
    2319 Washington St SE, Olympia, WA 98501
    /29

    $550,000

    • 4 Beds
    • 2 Baths
    • 2,236 Sq Ft

    2319 Washington St SE, Olympia, WA 98501

    Gorgeous, fully updated home in Olympia's coveted SE Capitol neighborhood. Location location location: surrounded by gorgeous, historic homes and across the street from Stevens Field and Lincoln Elementary. Close to downtown Olympia shopping, restaurants, and parks. This 4 bed 2 bath home has been completely remodeled with brand new kitchen, new baths, new flooring throughout, & fixtures. Great

    Nicolas Lind Commencement Bay Brokers LLC

    2319 Washington St SE, Olympia, WA 98501
  • 525 527 16th Ave SE, Olympia, WA 98501
    525 527 16th Ave SE, Olympia, WA 98501
    525 527 16th Ave SE, Olympia, WA 98501
    /40

    $625,000

    • 6 Beds
    • 4 Baths
    • 2,588 Sq Ft

    525 527 16th Ave SE, Olympia, WA 98501

    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

    525 527 16th Ave SE, Olympia, WA 98501
  • 2320 Capitol Way S, Olympia, WA 98501
    2320 Capitol Way S, Olympia, WA 98501
    2320 Capitol Way S, Olympia, WA 98501
    /24

    $695,000

    • 4 Beds
    • 2 Baths
    • 3,040 Sq Ft

    2320 Capitol Way S, Olympia, WA 98501

    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

    2320 Capitol Way S, Olympia, WA 98501
  • 518-520 18th Ave SE, Olympia, WA 98501
    518-520 18th Ave SE, Olympia, WA 98501
    518-520 18th Ave SE, Olympia, WA 98501
    /24

    $525,000

    • 4 Beds
    • 2 Baths
    • 1,524 Sq Ft

    518-520 18th Ave SE, Olympia, WA 98501

    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

    518-520 18th Ave SE, Olympia, WA 98501
  • 1814 Franklin St SE, Olympia, WA 98501
    1814 Franklin St SE, Olympia, WA 98501
    1814 Franklin St SE, Olympia, WA 98501
    /26

    $475,000

    • 4 Beds
    • 2 Baths
    • 1,786 Sq Ft

    1814 Franklin St SE, Olympia, WA 98501

    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

    1814 Franklin St SE, Olympia, WA 98501
Washington Olympia South Capitol

Real Estate & Homes for Sale in South Capitol, Olympia

Why Live in South Capitol
South Capitol in Olympia is a predominantly residential neighborhood known for its early 20th-century homes, including Craftsman bungalows and two-story houses, with some midcentury ranch-style homes. The area features small, well-maintained yards and old-growth trees, contributing to its historic charm. Capitol Lake, on the western edge, offers popular walking and jogging paths, while Stevens Field on the east side provides playgrounds and softball fields. The Washington State Capitol Building and Campus on the north side are open to the public, showcasing memorials, gardens, and neoclassical architecture. Although shopping and dining options within the neighborhood are limited, residents enjoy the Olympia Baking Company and the convenience of Frog Pond Grocery. For more extensive shopping and dining, downtown Olympia is less than a mile away, featuring the Olympia Farmers Market, and West Olympia’s commercial district is a 4-mile drive. The neighborhood is highly walkable, with many residents opting to walk or bike downtown. Interstate 5 provides easy commuting, with Joint Base Lewis-McChord less than 15 miles away and Tumwater just 2 miles south. Public transportation is accessible via multiple Intercity Transit bus routes. The highly rated public schools in the area are part of the Olympia School District, with Avanti High School notably offering a unique in-school bike shop program.
Learn more about living in South Capitol

Frequently Asked Questions

Is South Capitol a good place to live?
South Capitol is a good place to live. South Capitol is considered somewhat walkable and very bikeable with some transit options. South Capitol is a neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. South Capitol has 3 parks for recreational activities. It has a median age of 45. The average household income is $130,683 which is above the national average. College graduates make up 78.5% of residents. A majority of residents in South Capitol are home owners, with 47% of residents renting and 53% of residents owning their home. A local real estate agent serving South Capitol can help you decide if this neighborhood is the right one for you. Learn more on our South Capitol neighborhood guide.
Is South Capitol, WA a safe neighborhood?
South Capitol, WA is a safe neighborhood and is on par with the average neighborhood in the United States. It received a crime score of 4 out of 10.
How much do you need to make to afford a house in South Capitol?
The median home price in South Capitol is $317,385. If you put a 20% down payment of $63,500 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,650 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $71K a year to afford the median home price in South Capitol. The average household income in South Capitol is $131K.
What are the best public schools in South Capitol?
The best public schools that serve South Capitol are:
What are the best private schools in South Capitol?
The best private schools that serve South Capitol are:
What are the most popular zip codes in South Capitol, Olympia, WA?
The most popular zip codes in South Capitol, Olympia, WA include 98501, 98502, 98512, 98506 and 98503.
What are the most popular neighborhoods near South Capitol, Olympia, WA?
The most popular neighborhoods near South Capitol, Olympia, WA are Downtown Olympia, Carlyon-North, Indian Creek, Tumwater Hill and South Westside.
Are home prices dropping in South Capitol?
Yes, home prices in South Capitol are down 34% in the last 12 months.

Home Trends in South Capitol, WA

On average, homes in South Capitol, Olympia sell after 126 days on the market compared to the national average of 70 days. The median sale price for homes in South Capitol, Olympia over the last 12 months is $260,000, down 41% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$260,000
Median Single Family Sale Price
$700,000
Median Townhouse Sale Price
$180,000
Median 2 Bedroom Sale Price
$305,000
Average Price Per Sq Ft
$243
Number of Homes for Sale
2
Last 12 months Home Sales
19
Months of Supply
1.30
Median List Price
$317,385
Median Change From 1st List Price
-11%
Median Home Sale Price YoY Change
-41%
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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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