Strong investment opportunity with immediate cash flow. Situated on the Eastside of Olympia within the UGA—just outside city limits—this property is not subject to the City of Olympia’s newer landlord-tenant regulations. Built in 2011, the duplex features two well-designed units: a 3 bed, 2 bath and a 2 bed, 1 bath. The 2-bedroom unit has been recently remodeled with LVP flooring, quartz countertops, new cabinetry, millwork, trim, doors, appliances, and fresh interior paint. Each unit includes a 1-car garage, enhancing tenant appeal. The property sits on a spacious lot just shy of half an acre and offers valuable development upside. Zoned to accommodate two duplexes, there is potential to add a second structure with sewer connection. With a 6.34% cap rate, desirable Olympia School District, and strong future growth potential, this is a compelling addition to any investment portfolio.
Listing Provided Courtesy of Keenan French, Capitol Real Estate LLC
General Information
NWM2453507
Multi Family
167
DOM
0.44 acres
2422
2011
Multi-F
Thurston
Roosevelt Eleme
Reeves Mid
Olympia High
Residential Incom
Multi Family
Listing Provided Courtesy of Keenan French, Capitol Real Estate LLC
Krishna Realty data last checked: Apr 26, 2026 18:30 | Listing last modified Apr 23, 2026 16:57,
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Residence Information
2422
Composition
2,
52 - Duplex
2011
Poured Concrete
Features and Utilities
Cement Planked
Public
Sewer Connected
0
Financial
6873
Cash, Conventional
11-07-2025
Comparable Information
167
167
Cash, Conventional
$715,000
$715,000
Apr 23, 2026 16:57
Schools
Elementary : Roosevelt ElemeN/ARatings Middle : Reeves Mid N/ARatings High : Olympia HighN/ARatings
Strong investment opportunity with immediate cash flow. Situated on the Eastside of Olympia within the UGA—just outside city limits—this property is not subject to the City of Olympia’s newer landlord-tenant regulations. Built in 2011, the duplex features two well-designed units: a 3 bed, 2 bath and a 2 bed, 1 bath. The 2-bedroom unit has been recently remodeled with LVP flooring, quartz countertops, new cabinetry, millwork, trim, doors, appliances, and fresh interior paint. Each unit includes a 1-car garage, enhancing tenant appeal. The property sits on a spacious lot just shy of half an acre and offers valuable development upside. Zoned to accommodate two duplexes, there is potential to add a second structure with sewer connection. With a 6.34% cap rate, desirable Olympia School District, and strong future growth potential, this is a compelling addition to any investment portfolio.
