Estimated payment $4,167/month
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 their mortgage with rental income. Located just minutes from the Capitol Campus and vibrant downtown Olympia, enjoy easy access to shops, dining, parks, and more. Whether you're building your portfolio or seeking a home with added financial benefit, this duplex delivers flexibility, charm, and prime location. Come see today!
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2380406
Home Type
Est. Annual Taxes
Year Built
Lot Details
Home Design
Interior Spaces
Flooring
Bedrooms and Bathrooms
Parking
Outdoor Features
Utilities
Community Details
Listing and Financial Details
| 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 | $6,065 | $604,300 | $271,600 | $332,700 |
| 2023 | $6,065 | $580,000 | $214,100 | $365,900 |
| 2022 | $4,921 | $525,900 | $198,900 | $327,000 |
| 2021 | $4,731 | $411,800 | $144,800 | $267,000 |
| 2020 | $4,436 | $366,400 | $106,400 | $260,000 |
| 2019 | $3,796 | $335,100 | $149,700 | $185,400 |
| 2018 | $3,865 | $286,900 | $112,400 | $174,500 |
| 2017 | $3,188 | $255,000 | $80,200 | $174,800 |
| 2016 | $2,404 | $215,450 | $106,550 | $108,900 |
| 2014 | -- | $192,000 | $112,500 | $79,500 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/23/2025 05/23/25 | For Sale | $650,000 | -- | $251 / Sq Ft |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $155,000 | Thurston County Title Co | |
| Quit Claim Deed | -- | -- |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $190,000 | New Conventional | |
| Closed | $30,000 | Credit Line Revolving | |
| Closed | $209,950 | Fannie Mae Freddie Mac | |
| Closed | $152,600 | New Conventional | |
| Closed | $35,000 | Credit Line Revolving | |
| Closed | $124,000 | No Value Available |
$649,000
Discover this amazing investment opportunity in the highly desirable Eastside Neighborhood. This historic Triplex offers 3 - 2 bedroom, 1 bathroom units each with their own kitchen, living and dining space. Each unit also comes with its own washer and dryer for an additional bonus to tenants. Additionally the garage also has amazing potential to easily be converted in a fourth unit without
Abby Mondau BHGRE - Northwest Home Team
$699,000
This recently refreshed ranch style duplex is a proven portfolio builder. Located on a cul-de-sac within walking distance of SPSCC and 5 minutes to west Olympia. They have double car garages, gas forced air heat and separate utility meters. Both units have a washer/dryer hook up, open concept great room with vaulted ceilings, skylights, slider to large deck, expansive kitchen, dining area, gas
Robert Elvin Realty One Group Bold
$649,900
Large Duplex with good rental income. Excellent location! Units are in great shape. With interior updates over the past few years. The city is bringing road enhancements along Fones road now. Close in location, easy freeway access, excellent stable rental income. Property is located in "opportunity zone" with tax benefits, might be an estate planning stategy. Take advantage of this unique
Joshua Carlson Better Properties N. Proctor
$739,000
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
$599,999
Incredible Mid-Century style duplex nestled in the tranquil South Bay area 2 bedrooms 1.75 bath spacious and functional layouts. Perfect for investors seeking steady rental income. Each unit with 2 car garage and one with oversized shop. Private septic and well efficient utilities for lower operating costs. Plenty of outdoor space for gardening, pets (even chickens) or entertaining. RV Parking.
Kelli Morgan Group 7 Inc., Real Estate Serv
$649,950
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
$649,000
Beautiful 2457 SF Duplex FULLY UPDATED & sited on a .37 ac lot, in desirable Bush Prairie! PRIME Tumwater location, great curb appeal & modern features & finishes throughout! New Plumbing & Electrical! Both Units offer 2 PRIMARY SUITES & a thoughtful, open floor plan w/Living open to Kitchen & Dining! LVP & ceramic tile flooring, fresh paint, recessed lighting & modern fixtures! Kitchen boasts
John Duerr Coldwell Banker Evergreen
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2380406
APN: 09690024000
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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. ©2025 NWMLS.