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JRJeff ReynoldsCompass · Seattle

Listed by Justin W Hjelm, Capitol Real Estate LLC

2,964
Square feet
$276
Per sq ft
Multi Family
Type
2026
Year built
5,702 sq ft
Lot
31
Days on market

About this property

Exceptional opportunity to acquire brand-new duplexes in highly desirable West Olympia. Built for long-term, low-maintenance ownership, these turnkey investment properties offer modern construction with minimal capital expenditure concerns for years to come. Located in a strong rental market characterized by high demand, low vacancy rates, and attractive rental income potential, these duplexes are well-positioned for consistent cash flow and long-term appreciation. Situated at the end of a private dead-end street, the properties offer a quiet setting that appeals to quality tenants while remaining conveniently close to major employers, shopping, schools, and commuter routes. Whether you're looking to expand your portfolio or complete a 1031 exchange, this is a rare opportunity to invest in newly constructed multifamily assets in one of Olympia's most sought-after rental locations.

Location & commute

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Directions

Property details

Listing details

Listing number
#2537956
Listed
June 12, 2026
Days on market
31
Price per sq ft
$276

Unit & building

Stories in building
2
Units in building
2

Parking

Covered spaces
1
Total spaces
2

Construction

Year built
2026
Style
52 - Duplex
Structure
Duplex
Roof
Composition
New construction
Yes

Heating & cooling

Heating
Forced AirHeat Pump
Cooling
Heat Pump
Energy source
Electric

Flooring

Flooring
VinylCarpet

Lot

Lot features
Paved
Lot size
5,702 sq ft

Terms

Terms offered
CashConventional

Utilities

Water
City of Olympia
Sewer
City of Olympia
Power
PSE

Schools

District
Olympia
Elementary
Hansen Elementary
Middle
Marshall Middle
High
Capital High

What stands out to you?

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

  • Duplex
  • Composition
  • Forced Air
  • Heat Pump
  • Electric
  • Vinyl
  • Carpet
  • Paved
  • Cash
  • Conventional

Listing history

  1. Listed

    $819,000

    June 12, 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

$4,769

Principal & interest
$4,141
Property tax (est.)
$628

Assumes $163,800 down (20%), a $655,200 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 13, 2026 at 11:15 PM 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.