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
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$6,332
Year Built
Built in 1960
Lot Details
8,276 Sq Ft Lot
Cul-De-Sac
Partially Fenced Property
Home Design
Duplex
Poured Concrete
Composition Roof
Wood Siding
Wood Composite
Interior Spaces
2,588 Sq Ft Home
2-Story Property
Flooring
Carpet
Vinyl
Bedrooms and Bathrooms
6 Bedrooms
4 Bathrooms
Parking
4 Parking Spaces
Open Parking
Outdoor Features
Deck
Utilities
High Speed Internet
Cable TV Available
Community Details
No Home Owners Association
Capital Campus Subdivision
Listing and Financial Details
Assessor Parcel Number 09690024000
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$6,332
Year Built
Built in 1960
Lot Details
0
Listing Details
Property Type: Residential Income
Property Sub Type: Multi Family
StyleCode: 52 - Duplex
Year Built: 1960
MLS Status: Pending Inspection
Prev Status: Pending
New Construction: No
CalculatedSquareFootage: 2588
Special Features: VirtualTour
Cumulative Days on Market: 102
Interior Features
Total Bedrooms: 6
Fireplace: No
Flooring: Vinyl, Carpet
Stories: 2
SquareFootageFinished: 0
SquareFootageUnfinished: 0
BathsFullUpper: 0
BathsHalfUpper: 0
BathsThreeQuarterUpper: 0
BedroomsUpper: 0
Exterior Features
Roof: Composition
Lot Features: Cul-De-Sac, Curbs, Sidewalk
View: No
Waterfront: No
Construction Type: Wood
Exterior Features: Wood, Wood Products
Foundation Details: Poured Concrete
Structure Type: Duplex
Garage/Parking
Carport Spaces: 2
Carport Y N: No
Open Parking Spaces: 2
Open Parking: Yes
Total Parking Spaces: 4
ParkingUncoveredSpaces: 2
Utilities
Sewer: Sewer Connected
Water Source: Public
Security: Partially Fenced
Cooling: None
Cooling Y N: No
Heating: Other – See Remarks
Heating Yn: Yes
PowerCompany: PSE
SewerCompany: City of Olympia
WaterCompany: City of Olympia
CableConnected: Xfinity
InternetConnected: Xfinity
WaterSewerGarbage: 3000
Condo/Co-op/Association
Senior Community: No
Association: No
Schools
Junior High Dist: Olympia
Lot Info
Parcel Number: 09690024000
Lot Size Acres: 0.19
Lot Size Sq Ft: 8276
Irrigation Water Rights: No
ShowMapLink: true
SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet
MLSLotSizeSource: Realist
Green Features
Power Production Type: Electric
Rental Info
GrossRentMultiplier: 0
LeasedItems: None
TotalMonthlyIncome: 4500
Multi Family
Gross Scheduled Income: 50000
Net Operating Income: 38668
Number Of Units Total: 2
Insurance Expense: 2000
Leasable Area: 2588
EnergySource: Electric
UnitsInBuildingTotal: 2
UnitsBelowGrade: false
VacancyRate: 0
Tax Info
Year: 2025
Tax Annual Amount: 6332
Map
Range of Values:
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area
Source: Public Records
Average Home Value in this Area
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax 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
Source: Public Records
Property History
Date
Event
Price
Change
Sq Ft Price
08/17/202508/17/25
Pending
--
--
--
07/31/202507/31/25
Price Changed
$600,000
-4.0%
$232 / Sq Ft
07/11/202507/11/25
Price Changed
$625,000
-3.8%
$241 / Sq Ft
05/23/202505/23/25
For Sale
$650,000
--
$251 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)
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