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JRJeff ReynoldsCompass · Seattle

Listed by Justin W Hjelm, Capitol Real Estate LLC

11,856
Square feet
$306
Per sq ft
Multi Family
Type
2026
Year built
22,820 sq ft
Lot
4
Days on market

About this property

Exceptional opportunity to acquire 4 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
#2552161
Listed
July 9, 2026
Days on market
4
Price per sq ft
$306

Unit & building

Stories in building
2
Units in building
8

Parking

Covered spaces
8
Total spaces
16

Construction

Year built
2026
Style
55 - 5-9 Units
Structure
Multi Family
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
22,820 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?

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

Listing history

  1. Listed

    $3,625,000

    July 9, 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

$21,109

Principal & interest
$18,330
Property tax (est.)
$2,779

Assumes $725,000 down (20%), a $2,900,000 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 14, 2026 at 2:00 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.