Olympia WA Multi Family for Sale
$1,399,999
4015 16th Lane NE Olympia, WA 98506
- Type:
- Multi-Family
- Sq.Ft.:
- 5,742
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 2 Acres
- Year built:
- 1986
- Baths:
- MLS#:
- 2316618
- Subdivision:
- Olympia
View additional info
Courtesy: Keller Williams Realty
253-848-5304
Rebecca Del Pozo
ADDITIONAL INFORMATION
Investors, take note! This rare opportunity in the heart of Lacey, WA, boasts three duplexes on a sprawling 2-acre lot—a prime location with endless potential. Each unit offers a spacious 2-bedroom, 1-bath, 957 sqft rambler-style layout with an attached 1-car garage, ensuring tenant comfort and convenience. With long-term tenants already in place and significant upside rent potential, this property is a solid investment. Zoned R 4-8, the lot offers exciting development possibilities for future growth. The large yard, private patios, and ample driveway parking add to the property's appeal. Don't miss your chance to own this versatile investment in a high-demand area! Estate Sale. F17 Exempt. Buyer To Verify All Information.
$1,150,000
213 4th Avenue E Olympia, WA 98501
- Type:
- Multi-Family
- Sq.Ft.:
- 5,964
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1908
- Baths:
- MLS#:
- 2316708
- Subdivision:
- Olympia
View additional info
Courtesy: Greene Commercial
Max Stottlemyre
ADDITIONAL INFORMATION
First time on the market in nearly half a century! This Downtown Olympia mixed use building features a fully equipped 3,000+/- sq ft restaurant space with a bar on the lower level, and a separate entrance to the 7 studio apartments upstairs. The kitchen is stocked with fryers, stoves, spacious walk-in refrigerator, a type-1 hood, and more! Apartments are easily leased and below market, with coin operated washer and dryer. 9 separate meters on the premises and a newly installed heat pump for the bottom floor. Don’t miss your opportunity to own this gem on 4th!
$2,750,000
1512 Fones Road SE Olympia, WA 98501
- Type:
- Multi-Family
- Sq.Ft.:
- 8,169
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 1 Acres
- Year built:
- 1963
- Baths:
- MLS#:
- 2314484
- Subdivision:
- Olympia
View additional info
Courtesy: Better Properties N. Proctor
253-761-8888
Josh Carlson
ADDITIONAL INFORMATION
Great investment property! Own a whole neighborhood. On a private cul-de-sac with 3 duplexes and 3 homes each on individual parcels. 9 total units on 6 parcels. Each property is connected to sewer and public utilities. Just add individual water meters to each and you can sell them separate. Units are in great shape. Multiple new kitchens and 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. Many possibilities with property; hold and cash flow or sell each off individually. Property is located in "opportunity zone" with tax benefits, might be an estate planning stategy. Take advantage of this unique opportunity.
- Type:
- Multi-Family
- Sq.Ft.:
- 1,956
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1971
- Baths:
- MLS#:
- 2310117
- Subdivision:
- Country Club
View additional info
Courtesy: Virgil Adams Real Estate, Inc.
360-352-3756
Rick Wilson
ADDITIONAL INFORMATION
Cooper Point area Duplex! Finally the investment property you've been looking for... Well maintained, updated, great location and easy to move in as owner occupied! Built in 1971, each unit offers 2 bed, 1.5 bath, 978sf & storage space. Units feature laminate or LVP flooring, ductless heat pump, vinyl windows, fireplace & appliances included. Full bathrooms are big & both bath have tile floors, kitchens are spacious w/tile backsplash. Each unit has a carport space and storage closet. Outbuilding could generate extra income for storage needs. This property boasts a unique layout that provides privacy for each unit. The back unit borders a forested area w/cedars & vibrant rhododendrons. Close to schools, shopping, freeway, parks and more!
- Type:
- Multi-Family
- Sq.Ft.:
- 2,632
- Status:
- Active
- Beds:
- n/a
- Year built:
- 2007
- Baths:
- MLS#:
- 2305427
- Subdivision:
- Olympia
View additional info
Courtesy: Windermere RE West Campus Inc
253-838-7900
Peter Warren
ADDITIONAL INFORMATION
Incredible investment opportunity w/great cap rate & rental history, offering potential for instant positive cash flow. Buyers & tenants will love calling this place home. 2007 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 family homes, open concept floorplans, 18 ft ceilings & gas fireplaces. Beautiful community with tree lined streets, walking trail, moments from schools, parks, groceries, gas stations, countless eateries & entertainment. Professionally maintained & managed. This will make an incredible addition to any real estate portfolio. Invest in your future!
- Type:
- Multi-Family
- Sq.Ft.:
- 2,754
- Status:
- Active
- Beds:
- n/a
- Year built:
- 2003
- Baths:
- MLS#:
- 2307875
- Subdivision:
- Olympia
View additional info
Courtesy: Windermere RE West Campus Inc
253-838-7900
Peter Warren
ADDITIONAL INFORMATION
Rare investment opportunity w/great cap rate & rental history, offering potential for instant positive cash flow. Buyers & tenants will love calling this place home. 2003 built duplex consisting of two townhomes, each home contains 2 bedrooms, 2.5 bathrooms, expansive two car garage & a private backyard. Thoughtfully designed open concept floorplans perfect for entertaining, w/soaring living room ceilings, gas fireplaces, & abundant natural light throughout both homes. Incredible location making these a commuter's dream, a stone's throw from schools, parks, groceries, gas stations, countless eateries & entertainment. Perfect first-time real estate investment and desirable addition to any real estate portfolio. Invest in your future today!
- Type:
- Multi-Family
- Sq.Ft.:
- 2,649
- Status:
- Active
- Beds:
- n/a
- Year built:
- 2005
- Baths:
- MLS#:
- 2305422
- Subdivision:
- Olympia
View additional info
Courtesy: Windermere RE West Campus Inc
253-838-7900
Peter Warren
ADDITIONAL INFORMATION
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 family homes, open concept floorplans, 18 ft ceilings & gas fireplaces. Highly desired location making these a commuter's dream, moments from schools, parks, groceries, gas stations, countless eateries & entertainment. Professionally maintained & managed. This will make an incredible addition to any real estate portfolio. Invest in your future!
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1950
- Baths:
- MLS#:
- 2308453
- Subdivision:
- Bigelow
View additional info
Courtesy: Cycle Real Estate Inc.
360-753-0916
Steve Watts
ADDITIONAL INFORMATION
Great location, each unit has 1 bedroom, 1 bath with a spare room. It has high long term vacancy rate with low expenses. Makes for a great investment.
- Type:
- Multi-Family
- Sq.Ft.:
- 2,712
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1974
- Baths:
- MLS#:
- 2303034
- Subdivision:
- Olympia
View additional info
Courtesy: MLS4owners.com
253-460-1900
Chris Nye
ADDITIONAL INFORMATION
Amazing opportunity for investors or homeowners! Well maintained duplex in desirable SE Olympia. 3BR/1Bath & 2BR/1Bath. Currently leased with stable rental history (non-smoking; no pets). Single story units; large open living spaces; enclosed garages each side; long driveway for additional parking. Newer roof; large private backyards/patio areas, dedicated interior laundry hookups and hot water heaters on both sides; recently upgraded bathrooms/kitchens; newer laminate flooring in 3BR. Olympia Schools; on city bus line; close to medical and retail. Live on one side or continue renting both units. Showing by appointment only after offer is submitted/accepted contingent upon viewing the property. Please do not disturb tenants.
- Type:
- Multi-Family
- Sq.Ft.:
- 3,316
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1939
- Baths:
- MLS#:
- 2302132
- Subdivision:
- Eastside Olympia
View additional info
Courtesy: BHGRE- Northwest Home Team
360-529-0992
Abby Mondau
ADDITIONAL INFORMATION
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 impacting parking. Enjoy outdoor living with beautiful raised garden beds surrounded by mature landscaping in the fully fenced private backyard. A short distance to the San Francisco St Bakery, blocks from Roosevelt Elementary and Reeve's Middle School and just minutes to all amenities and Downtown this charming property is a rare find.
- Type:
- Multi-Family
- Sq.Ft.:
- 2,116
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1977
- Baths:
- MLS#:
- 2298476
- Subdivision:
- Olympia
View additional info
Courtesy: Redfin
360-558-3945
Kareem Dixon
ADDITIONAL INFORMATION
This well-maintained duplex nestled in a desirable West Olympia neighborhood is a great investment opportunity. The home features two identical units, with one currently vacant and ready for occupancy, while the other is occupied, ensuring a 0% vacancy rate. Each unit offers a spacious layout with 2 bedrooms and 1 bath. This property is perfect for investors seeking reliable income or buyers looking to live in one unit while generating rental income from the other. Don't miss out on this incredible chance to secure a solid investment in a growing market!
- Type:
- Multi-Family
- Sq.Ft.:
- 2,144
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1977
- Baths:
- MLS#:
- 2295726
- Subdivision:
- Olympia
View additional info
Courtesy: Better Properties Lacey
360-584-9427
Nicole Braam
ADDITIONAL INFORMATION
Welcome to the perfect turn-key investment opportunity on a spacious lot, quiet cul-de-sac in West Olympia’s Normandy Park. Walking distance to shops, parks, schools, & more. This exceptional duplex property features 2 spacious 2-bedroom, 1.5-bath units. 2010 side is completely renovated with new paint, floors, kitchen & appliances, like new and vacant (washer only/no dryer). 2008 unit has been owner occupied in well-maintained condition. Each unit has their own garage as well as 1 reserved space along with ample guest parking. Situated in a vibrant community, it fosters long-term tenancies and remarkable profitability.
- Type:
- Multi-Family
- Sq.Ft.:
- 2,632
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1955
- Baths:
- MLS#:
- 2279429
- Subdivision:
- Olympia
View additional info
Courtesy: Real Broker LLC
855-450-0442
Charles Grate
ADDITIONAL INFORMATION
Excellent redevelopment site in Olympia's downtown Opportunity Zone. Prominently located near the State Capital, this 5,940 SF site is a perfect opportunity for a mixed-use development. This site features territorial views of the Olympic Mountains and Mount Rainier and currently has a Duplex to provide income while going through the design and permitting process. This close proximity to the State Capital combined with the excellent tax advantages of being in an Opportunity Zone makes this an excellent investment choice.
- Type:
- Multi-Family
- Sq.Ft.:
- 4,776
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1901
- Baths:
- MLS#:
- 2276827
- Subdivision:
- Olympia
View additional info
Courtesy: Greene Realty Group LLC
360-528-4160
Jeffrey Weeks
ADDITIONAL INFORMATION
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 for high-rise redevelopment or mixed-use opportunities!
$5,300,000
210 Bethel Street NE Olympia, WA 98506
- Type:
- Multi-Family
- Sq.Ft.:
- 18,088
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 1 Acres
- Year built:
- 1970
- Baths:
- MLS#:
- 2272921
- Subdivision:
- Capital Campus
View additional info
Courtesy: Highmark Partners
206-895-2988
Justin Kraft
ADDITIONAL INFORMATION
Introducing STATESIDE FLATS located at 210 Bethel St NE, Olympia, WA 98506. 27 units with 32 parking stalls, offering a lucrative investment listed at $5.3 million. Conveniently situated just blocks from downtown Olympia and the state capitol, residents enjoy easy access to transit and major roadways for seamless commuting. With a current cap rate of 6.31%, there is ample potential for a new owner to capitalize on rental upside. The property underwent significant renovations over the past three years, totaling approximately $600,000, including interior updates such as new flooring and cabinets, alongside exterior enhancements like new siding, roof replacement, and landscaping upgrades. *Disclosure Broker is part of the ownership group
Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Based on information submitted to the MLS GRID as of {{last updated}}. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Olympia Real Estate
The median home value in Olympia, WA is $522,495. This is higher than the county median home value of $495,000. The national median home value is $338,100. The average price of homes sold in Olympia, WA is $522,495. Approximately 46.49% of Olympia homes are owned, compared to 49.4% rented, while 4.12% are vacant. Olympia real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Olympia real estate agent to arrange a tour today!
Olympia, Washington has a population of 54,579. Olympia is less family-centric than the surrounding county with 29.26% of the households containing married families with children. The county average for households married with children is 31.46%.
The median household income in Olympia, Washington is $67,975. The median household income for the surrounding county is $81,501 compared to the national median of $69,021. The median age of people living in Olympia is 38.4 years.
Olympia Weather
The average high temperature in July is 77.1 degrees, with an average low temperature in January of 33.9 degrees. The average rainfall is approximately 52.7 inches per year, with 6 inches of snow per year.