About this home

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. Incredible Cap Rate at 7.09%!! 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 2 bedrm 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 of 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, while keeping that rural feel of living in the country!

Exterior features

Schools

Property details

Heating

Forced Air

Cooling

None

Flooring

Vinyl Plank, Carpet

Lot

Dead End Street, Paved

Water source

Public

Sewer

Septic Tank

Costs

Annual taxes

$6,873 (2025)

Location

Olympia, WA 98506