Top of the class duplex located just up from downtown Olympia and minutes from the Capitol. Each unit is 1 BR 1 BA. Both units completely renovated in 2018. Updates include 30-year roof, interior and exterior paint, LVP flooring throughout, white painted doors and molding, kitchen cabinets, appliances and complete bathroom remodel. Each side has an oversized 1-car garage, with washer and dryer and lots of room for storage. Landlord pays for W/S/G (one meter) and landscaping. Amazing 6.8% cap rate. Always had very low turnover rate.
Last Agent to Sell the Property
Virgil Adams Real Estate, Inc. License #47964 Listed on: 11/25/2021
Last Buyer's Agent
Mark Furman
Olympic Sotheby's Int'l Realty License #21025162
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 1867615
$460,000
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
$525,000
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
$475,000
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
$515,000
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
$595,000
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.
$575,000
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
$529,900
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.
$500,000
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
$625,000
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.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $290,000 | Thurston County Title Co | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $300,000 | Unknown |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/07/2022 01/07/22 | Sold | $500,000 | +1.0% | $425 / Sq Ft |
| 11/29/2021 11/29/21 | Pending | -- | -- | -- |
| 11/25/2021 11/25/21 | For Sale | $495,000 | +70.7% | $421 / Sq Ft |
| 04/06/2018 04/06/18 | Sold | $290,000 | -7.9% | $247 / Sq Ft |
| 03/05/2018 03/05/18 | Pending | -- | -- | -- |
| 02/14/2018 02/14/18 | For Sale | $315,000 | -- | $268 / Sq Ft |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $4,323 | $460,300 | $271,600 | $188,700 |
| 2023 | $4,323 | $413,200 | $210,300 | $202,900 |
| 2022 | $3,317 | $372,600 | $189,300 | $183,300 |
| 2021 | $3,132 | $277,300 | $128,100 | $149,200 |
| 2020 | $3,141 | $242,300 | $106,500 | $135,800 |
| 2019 | $2,588 | $237,100 | $139,300 | $97,800 |
| 2018 | $2,588 | $192,000 | $110,500 | $81,500 |
| 2017 | $2,010 | $160,500 | $69,700 | $90,800 |
| 2016 | $1,877 | $165,800 | $101,400 | $64,400 |
| 2014 | -- | $149,800 | $107,000 | $42,800 |
Seller's Agent in 2022
Paul Oczkewicz
Virgil Adams Real Estate, Inc.
(360) 701-5278
3 in this area
222 Total Sales
M
Buyer's Agent in 2022
Mark Furman
Olympic Sotheby's Int'l Realty
Seller's Agent in 2018
Kathryn Franzen
Riley Jackson Real Estate Inc.
(360) 791-4170
58 Total Sales
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 1867615
APN: 69400100300
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