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JRJeff ReynoldsCompass · Seattle
This home is no longer on the market (sold). The details below are kept for reference. See homes currently for sale in Olympia.
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Sold

Listed by Spence Weigand, Virgil Adams Real Estate, Inc. · Buyer brokerage: Group 7 Inc., Real Estate Serv

1,316
Square feet
$437
Per sq ft
Multi Family
Type
1940
Year built
27,895 sq ft
Lot
28
Days on market

About this property

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. Access to upper unit only, lower unit will be accessible upon signed purchase and sale agreement.

Location & commute

Add a destination (work, gym, school) for directions and drive time.

Directions

Property details

Listing details

Listing number
#2499842
Listed
April 3, 2026
Days on market
28
Price per sq ft
$437
Original list price
$599,900
Sold price
$575,000
Sold
May 15, 2026

Unit & building

Stories in building
2
Units in building
2

Views

View
LakeTerritorial

Construction

Year built
1940
Style
52 - Duplex
Structure
Duplex
Roof
Composition

Heating & cooling

Heating
BaseboardStove/Free Standing
Cooling
None
Energy source
ElectricWood

Flooring

Flooring
HardwoodVinyl

Lot

Lot features
CurbsPavedSidewalk
Lot size
27,895 sq ft

Terms

Terms offered
CashConventionalOwner Will CarrySee Remarks

Utilities

Water
City of Olympia
Sewer
City of Olympia
Power
PSE

Schools

District
Olympia
Elementary
Lincoln Elementary
Middle
Wash Mid
High
Olympia High

What stands out to you?

Mark features you love or could do without. Saved on this device to tune what you see.

  • Lake
  • Territorial
  • Duplex
  • Composition
  • Baseboard
  • Stove/Free Standing
  • None
  • Electric
  • Wood
  • Hardwood
  • Vinyl
  • Curbs

Listing history

  1. Listed

    $599,900

    April 3, 2026

  2. Current price

    $575,000

  3. Sold

    $575,000

    May 15, 2026

Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.

Payment estimate

An estimate to help you plan, not a loan offer or financial advice.

Est. monthly

$3,349

Principal & interest
$2,908
Property tax (est.)
$441

Assumes $115,000 down (20%), a $460,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.

Similar nearby listings

Based on information submitted to the MLS GRID as of July 16, 2026 at 8:00 AM PDT. 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.