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JRJeff ReynoldsCompass · Seattle

503 Devoe Street NE, Olympia, WA 98506

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Active

Listed by Keenan French, Capitol Real Estate LLC

Active0 days on market

$659,000

503 Devoe Street NE, Olympia, WA 98506

Olympia, WA, 98506

Built
2011
Parking
11 spaces
Ask Jeff

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Jeff Reynolds · Managing Broker, Compass

Start with a focused 15-minute call, then tour with a clear due-diligence plan.

Multi Family
Type
2011
Year built
19,243 sq ft
Lot
0
Days on market

About this property

Great opportunity to acquire a freshly remodeled duplex in excellent condition with tremendous income producing potential. Or occupy one side and lease out the other to decrease your mortgage payment. Located on Olympia’s Eastside in the UGA, just outside city limits, this 2011-built duplex offers two established rental units plus potential to expand. The property includes a 3-bedroom, 2-bath unit with a 1-car garage and a fully remodeled 2-bedroom, 1-bath unit with a 1-car garage. The smaller unit has been extensively updated with LVP flooring, quartz countertops, new kitchen cabinets, appliances, doors, millwork, trim, and fresh paint. The nearly half-acre lot provides potential to develop an additional duplex, creating the possibility for four total units and increased income-producing capacity. Strong location, Olympia schools, existing rental income, and future possibilities for development. This is a great location within walking distance to most Eastside Olympia amenities, but has a rural feel of living in the country!

Location & commute

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

Directions

Property details

Listing details

Listing number
#2567540
Listed
August 11, 2026
Days on market
0

Unit & building

Stories in building
2
Units in building
2

Parking

Covered spaces
4
Total spaces
11

Construction

Year built
2011
Style
52 - Duplex
Structure
Duplex
Roof
Composition

Heating & cooling

Heating
Forced Air
Cooling
None
Energy source
Electric

Flooring

Flooring
Vinyl PlankCarpet

Lot

Lot features
Dead End StreetPaved
Lot size
19,243 sq ft

Terms

Terms offered
CashConventional

Utilities

Water
City of Olympia
Sewer
Septic
Power
PSE

Schools

District
Olympia
Elementary
Roosevelt Elementary
Middle
Reeves Mid
High
Olympia High

Listing history

  1. Listed

    $659,000

    August 11, 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

$3,837

Principal & interest
$3,332
Property tax (est.)
$505

Assumes $131,800 down (20%), a $527,200 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 August 11, 2026 at 4:45 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.