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.
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
Listed
$599,900
April 3, 2026
Current price
$575,000
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.
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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.