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$650,000

For Sale

6 months ago

503 Devoe St Ne, Olympia, WA

House

MLS® 2453507

0 Bed

0 Bath

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6 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage Yes
Taxes $6,873
Days Active 176
Lot Size 
Approx. Age 2011
MLS® Number 2453507

Property Address: 503 Devoe St Ne, Olympia, WA, 98506-4942

Average square foot calculated using Size range provided by listing agent.

Description

Strong investment opportunity with immediate cash flow. Situated on the Eastside of Olympia within the UGA—just outside city limits—this property is not subject to the City of Olympia’s newer landlord-tenant regulations. Built in 2011, the duplex features two well-designed units: a 3 bed, 2 bath and a 2 bed, 1 bath. The 2-bedroom unit has been recently remodeled with LVP flooring, quartz countertops, new cabinetry, millwork, trim, doors, appliances, and fresh interior paint. Each unit includes a 1-car garage, enhancing tenant appeal. The property sits on a spacious lot just shy of half an acre and offers valuable development upside. Zoned to accommodate two duplexes, there is potential to add a second structure with sewer connection. With a 6.34% cap rate, desirable Olympia School District, and strong future growth potential, this is a compelling addition to any investment portfolio.
MLS® Number2453507
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age2011
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Nov 8, 2025List Date
$650,000List Price
  • Commute

Commute

Starting Address
Destination Address
503 Devoe St Ne, Olympia, WA

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