South Capitol Multifamily Homes & Duplexes for Sale

/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
/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
/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
/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

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

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

$242

Number of Homes for Sale

Last 12 months Home Sales

Months of Supply

1.30

Median List Price

$317,385

Median Change From 1st List Price

-11%

Median Home Sale Price YoY Change

-41%

How to Buy a Home How to Finance a Home How to Sell a Home

In South Capitol, there are currently 4 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes ranging from $475,000 to $695,000, there's something for every budget. As of July, 2025 the median home price in South Capitol, Olympia is $317,385, while the average sale price is $320,263, providing insight into local market trends. On average, multi-family homes spend 126 days on the market before being sold. Multi-family homes encompass various property types, including duplexes, triplexes, fourplexes, and apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're interested in a duplex for a starter investment or an apartment complex for a larger-scale venture, there are investment properties available to suit your needs. Explore the range of multi-family homes for sale in South Capitol, Olympia.

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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