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
Add a destination (work, gym, school) for directions and drive time.
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?
Mark features you love or could do without. Saved on this device to tune what you see.
- Multi Family
- Composition
- Forced Air
- Heat Pump
- Electric
- Vinyl
- Carpet
- Paved
- Cash
- Conventional
Listing history
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.




