About this home

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.

Exterior features

Cement Planked

Schools

Elementary

Hansen Elementary

Middle

Marshall Middle

High

Capital High

Property details

Heating: Forced Air, Heat Pump
Cooling: Heat Pump
Flooring: Vinyl, Carpet
Lot: Paved
Water source: Public
Sewer: Sewer Connected

Costs

Annual taxes: $21,250 (2026)

Estimate your monthly payment

$20,101/mo

Principal & interest: $18,330
Property taxes: $1,771

Down payment (20%) $725,000 Interest rate (%) Loan term (years)

Loan amount $2,900,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Olympia, WA 98502

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Capitol Real Estate LLC— Justin W Hjelm.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

Interested in this home?

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