Rare opportunity in the prestigious South Capitol neighborhood! This renovated duplex is located on a quiet street just 5 blocks from the State Capitol campus and minutes from the markets and restaurants of downtown Olympia. Situated next to a serene pocket park, the property offers a peaceful setting with a strong cap rate and ATTRACTIVE OWNER FINANCING. Large picture windows provide fantastic natural light and beautiful territorial views with pleasant spots to gaze at Capitol Lake through the surrounding tall trees. The upper unit features gorgeous refinished red oak floors and a working wood stove for cozy evenings. The lower unit includes a private deck perfect for relaxing. Both units are small and highly practical, offering 1 bedroom and 1 bathroom each. The kitchens are bright with new countertops, plenty of storage, and dedicated eating spaces. Modern upgrades include new water heaters and stacked washer and dryer systems in both units. With rents increased in the last year, this is a turnkey investment or an ideal primary residence with rental income to offset the mortgage. Enjoy being close to everything the city has to offer while living in one of Olympia's most sought-after areas. This property combines charm, modern amenities, and a prime location for any savvy buyer. Don't miss out on this versatile duplex in the heart of South Capitol.
Listing Provided Courtesy of Spence Weigand, Virgil Adams Real Estate, Inc.
General Information
NWM2499842
Multi Family
1
DOM
0.64 acres
1316
1940
Thurston
Lincoln Element
Wash Mid
Olympia High
Residential Incom
Multi Family
Listing Provided Courtesy of Spence Weigand, Virgil Adams Real Estate, Inc.
Krishna Realty data last checked: Apr 04, 2026 04:51 | Listing last modified Apr 04, 2026 04:20,
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Residence Information
1316
Composition
52 - Duplex
1940
Poured Concrete
Features and Utilities
Wood
Public
Sewer Connected
0
Financial
5112
Cash, Conventional, Owner Will Carry, See Remarks
04-03-2026
Comparable Information
1
1
Cash, Conventional, Owner Will Carry, See Remarks
$599,900
$599,900
Apr 04, 2026 04:20
Schools
Elementary : Lincoln ElementN/ARatings Middle : Wash Mid N/ARatings High : Olympia HighN/ARatings
Map
Listing courtesy of Virgil Adams Real Estate, Inc..
Rare opportunity in the prestigious South Capitol neighborhood! This renovated duplex is located on a quiet street just 5 blocks from the State Capitol campus and minutes from the markets and restaurants of downtown Olympia. Situated next to a serene pocket park, the property offers a peaceful setting with a strong cap rate and ATTRACTIVE OWNER FINANCING. Large picture windows provide fantastic natural light and beautiful territorial views with pleasant spots to gaze at Capitol Lake through the surrounding tall trees. The upper unit features gorgeous refinished red oak floors and a working wood stove for cozy evenings. The lower unit includes a private deck perfect for relaxing. Both units are small and highly practical, offering 1 bedroom and 1 bathroom each. The kitchens are bright with new countertops, plenty of storage, and dedicated eating spaces. Modern upgrades include new water heaters and stacked washer and dryer systems in both units. With rents increased in the last year, this is a turnkey investment or an ideal primary residence with rental income to offset the mortgage. Enjoy being close to everything the city has to offer while living in one of Olympia's most sought-after areas. This property combines charm, modern amenities, and a prime location for any savvy buyer. Don't miss out on this versatile duplex in the heart of South Capitol.
