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Thurston County WA Multifamily Homes & Duplexes for Sale

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  • /40

    $1,895,000

    • 5 Beds
    • 6 Baths
    • 6,508 Sq Ft

    7235 20th Ave SE, Lacey, WA 98503

    Long Lake Luxury +Passive Income = Dream Waterfront Setup! Over 6500sqft & flex layouts to use as 1, 2 or 3 units. Airbnb with private entrance, stays furnished & grossed $25K last yr without summer bookings! Unit A has main floor primary 3BR + den, gym-ready basement and sauna. Unit B can stay whole or split again. All have waterproof luxury vinyl plank throughout, quartz counters, separate

    Jami Downing Abbey Realty Inc

    7235 20th Ave SE, Lacey, WA 98503
  • /24

    $692,000

    • 5 Beds
    • 3 Baths
    • 2,780 Sq Ft

    3217 Mayfair Dr SW Unit A&B, Tumwater, WA 98512

    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

    3217 Mayfair Dr SW Unit A&B, Tumwater, WA 98512
  • /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
  • /39

    $629,900

    • 6 Beds
    • 4 Baths
    • 2,360 Sq Ft

    5649 45th Ave SE, Lacey, WA 98503

    Welcome to a unique and lucrative opportunity for investors, developers, or owner-occupants seeking strong cash flow potential and future development upside. This remodeled duplex sits on a generous .38 acre lot, offering both turn-key living and the ability to expand and maximize value. With a use code that allows for 2-4 units and an 18 bedroom septic, this property presents the rare chance

    Haley Connor eXp Realty

    5649 45th Ave SE, Lacey, WA 98503
  • /39

    $625,000

    • 4 Beds
    • 3 Baths
    • 1,888 Sq Ft

    3526 6th Ave NW, Olympia, WA 98502

    Perfectly situated multi-family property on the Westside, just minutes from shopping, the hospital, the freeway, schools, and various amenities! Sits on a spacious lot with a proven track record of being easy to rent. One unit has been recently remodeled.

    Spence Weigand Virgil Adams Real Estate, Inc.

    3526 6th Ave NW, Olympia, WA 98502
  • /39

    $959,000

    • 8 Beds
    • 4 Baths
    • 3,616 Sq Ft

    1103 Creekwood Ct SE, Olympia, WA 98501

    Fully rented 4-plex in the Olympia School District. Each unit includes its own garage and in-unit washer and dryer, a rare combination that adds convenience and long-term appeal. Three of the four units have been beautifully remodeled top to bottom with updated kitchens, new flooring, and modern finishes. Major exterior updates include new concrete plank siding, newer roof, and windows, ensuring

    Palmer Higa BHGRE - Northwest Home Team

    1103 Creekwood Ct SE, Olympia, WA 98501
  • /25

    $1,515,000

    • 27 Beds
    • 18 Baths
    • 12,594 Sq Ft

    18525 Old Highway 99 SW Unit 1-3, Rochester, WA 98579

    Is this your opportunity to own a nine unit Multi-Family complex? Anna's acres is a one of a kind, serene wooded setting with approximately 1/2 acre for each of the (Nine -3bed, 2bath) manufactured homes and one RV spot. All of the Units are owned by seller. Could you live for free and let the other units pay for the asset? Could you subdivide and sell off each home individually? Increase the

    Ray Sample Windermere Centralia

    18525 Old Highway 99 SW Unit 1-3, Rochester, WA 98579
  • /37

    $945,000

    • 8 Beds
    • 8 Baths
    • 4,736 Sq Ft

    9326 Skokomish Way NE, Olympia, WA 98516

    Amazing investment opportunity with this consistently-rented fourplex. Each townhouse-style unit has 2 bedrooms and 1.5 baths. Convenient location just minutes from amenities and the freeway for an easy commute. One covered parking spot for each unit, plus 4 guest spots. Siding is in process of replacement. One unit has been completely remodeled and another recently refreshed with new carpets and

    Jessica Kammeyer Redfin

    9326 Skokomish Way NE, Olympia, WA 98516
  • /12

    $649,000

    • 4 Beds
    • 4 Baths

    6923 20th Ave SE Unit 1, Lacey, WA 98503

    Fully Renovated Duplex with Lake Access – High ROI & Modern Upgrades A dream duplex or ideal house opportunity! This beautifully renovated duplex provides modern comfort, smart upgrades, and lake access — all in a high-demand location near Long Lake Park and highly rated schools. Property Features: Two fully updated 2 bed / 1.5 bath units – approx. 1,000 sq ft each New solid flooring, fresh

    Alexis Martz TRELORA Realty, Inc.

    6923 20th Ave SE Unit 1, Lacey, WA 98503
  • /36

    $529,900

    • 4 Beds
    • 2 Baths
    • 1,696 Sq Ft

    2012 Dickinson Ave NW, Olympia, WA 98502

    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.

    2012 Dickinson Ave NW, Olympia, WA 98502
  • /2

    $550,000

    • 4 Beds
    • 2 Baths
    • 1,832 Sq Ft

    1414 Hensley St NE Unit 1412, Olympia, WA 98516

    Attention Investors: Nice duplex near city of Lacey amenities within walking distance to groceries, restaurants and bigger shopping center. This duplex is located at the end street offering privacy. Spacious fenced backyard with some trees. Nice responsible and established tenants who wish to stay. A well-maintained single-story duplex, each unit offers 2-beds, 1-bath, utility room with washer

    Margo Street Networks Real Estate LLC

    1414 Hensley St NE Unit 1412, Olympia, WA 98516
  • /34

    $705,000

    • 4 Beds
    • 4 Baths
    • 2,600 Sq Ft

    643 School St SE, Lacey, WA 98503

    Fantastic opportunity to own a well-maintained duplex in Lacey with a strong rental history. Add to your investment portfolio or live in one side and rent the other. Each two-story unit features 2 bedrooms, a flex room, & 1.5 baths. Main floor living space w .5 bath, upstairs hosts bedrooms/full bath. Both units have large fenced yards, in-unit washer and dryer, a private single-car garage, and

    Tarah Yurovchak Redfin

    643 School St SE, Lacey, WA 98503
  • /35

    $599,950

    • 4 Beds
    • 4 Baths
    • 2,160 Sq Ft

    2209 Mciver Ct SW, Tumwater, WA 98512

    Fantastic investment opportunity in Tumwater—live in one side and let the other help pay the mortgage! This well-maintained, townhome-style duplex is perfect for investors or owner-occupants. Each spacious unit offers 2 bedrooms, 1.5 baths, an attached 1-car garage, and an open-concept layout. Features include cozy fireplaces, stainless steel appliances, and neutral finishes. Sliding doors open

    Tracey Zuck Real Broker LLC

    2209 Mciver Ct SW, Tumwater, WA 98512
  • /23

    $460,000

    • 2 Beds
    • 2 Baths
    • 1,306 Sq Ft

    408 9th Ave SE, Olympia, WA 98501

    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

    408 9th 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
  • /18

    $840,000

    • 8 Beds
    • 4 Baths
    • 3,648 Sq Ft

    8024 N Bicentennial Loop SE, Olympia, WA 98503

    Great investment opportunity! Sitting on just over 3/4 of an acre, this 4plex offers two units upstairs and two downstairs. Each unit has 2 bedrooms, 1 bathroom, a dining room, a kitchen and a large balcony or patio with a storage closet. There is a carport with 4 stalls and 4 additional parking spaces. Mature landscaping gives off a park like setting, while being very close to shopping.

    Lisa Kirk St Clair Realty

    8024 N Bicentennial Loop SE, Olympia, WA 98503
  • /9

    $649,950

    • 8 Beds
    • 4 Baths
    • 2,448 Sq Ft

    4409 4411 21st Ct SE, Olympia, WA 98503

    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

    4409 4411 21st Ct SE, Olympia, WA 98503
  • /28

    $575,000

    • 3 Beds
    • 2 Baths
    • 1,572 Sq Ft

    1729 1725 5th Ave SE, Olympia, WA 98501

    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

    1729 1725 5th Ave SE, Olympia, WA 98501
  • /26

    $515,000

    • 3 Beds
    • 2 Baths
    • 1,150 Sq Ft

    1230 1228 5th Ave E, Olympia, WA 98501

    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

    1230 1228 5th Ave E, 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
  • /24

    $1,175,000

    • 8 Beds
    • 8 Baths
    • 4,176 Sq Ft

    20107 Blair Ln SW, Centralia, WA 98531

    Turnkey Investment – Fully occupied and professionally managed, ensuring immediate cash flow with reliable tenants in place. Strong Rental Income – Each 2-bed, 2-bath unit rents for an average of $1,750, with additional revenue from utility reimbursements and fees. Newer Construction (2020) – Modern, energy-efficient design with durable materials, reducing maintenance costs and enhancing

    Zach Strong Prime Locations Inc.

    20107 Blair Ln SW, Centralia, WA 98531
  • /16

    $1,750,000

    • 20 Beds
    • 10 Baths
    • 7,163 Sq Ft

    3532 Mary Elder Rd NE, Olympia, WA 98506

    Exceptional opportunity to own a fully leased 11-unit transitional housing property in the heart of Olympia, generating a strong $148,073 in annual NOI. Spread across three buildings, this triplex-configured asset delivers consistent performance with long-term tenancy and stable returns. Features include shared laundry and ample off-street parking—enhancing tenant retention in this central

    Lisa Le COMPASS

    3532 Mary Elder Rd NE, Olympia, WA 98506
  • /15

    $499,900

    • 5 Beds
    • 3 Baths
    • 1,966 Sq Ft

    6580 Elm St SE, Tumwater, WA 98501

    **Prime Location! ** This fully occupied duplex is right in town, with each 2-bedroom unit rented out. Each unit comes with covered parking & extra storage shed. The larger unit has been partially converted into a studio as well. The spacious lot features one unit that is completely fenced and landscaped, along with ample parking. Tenants are responsible for all utilities.

    Julie Salazar eXp Realty

    6580 Elm St SE, Tumwater, 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
  • /15

    $739,000

    • 4 Beds
    • 6 Baths
    • 2,649 Sq Ft

    3812 4th Ave NW, Olympia, WA 98502

    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

    3812 4th Ave NW, Olympia, WA 98502
  • /20

    $1,300,000

    • 4,776 Sq Ft

    906 908 Adams St SE, Olympia, WA 98501

    Unique Investor or Developer Opportunity in Downtown Olympia! Don't miss this one! Listing includes a duplex and 7-plex on one parcel and a leased parking lot. Under market rents, all tenants on month to month tenancy. Units offer a mix of studios and one-bedrooms. Parking spots lease for $30/mo with over 20 stalls! Close to downtown, waterfront, and shopping. Zoned UR (Urban Residential), allows

    Jeff Weeks Olympic Sotheby's Int'l Realty

    906 908 Adams St SE, Olympia, WA 98501
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