503 Devoe Street NE Olympia, WA $ 715,000
503 Devoe Street NE
$ 715,000
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503 Devoe Street NE

Olympia, WA, 98506
$ 715,000
Baths0.0 Sq 2,422

Monthly Estimate*

$ 4,461

Listed by Olympic Sotheby's Int'l Realty
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Studio

Multi-Family Home for sale in Olympia, WA

for $715,000. This 2,422 square foot home was built in 2011 on a lot size of 0.4418.

Great investment opportunity to add to your portfolio, offering instant cash flow. Located on Eastside of Olympia in the UGA, just outside of city limits. New city of Olympia landlord/tenant laws do not apply. 2011 built duplex has a 2 bed, 2 bath + extra finished room unit & other unit is 2 bed, 1 bath (4bd septic), newly remodeled/updated: LVP flooring, quartz counters, all new millwork, trim, Kitchen cabinets, appliances, doors, & fresh paint. Both units have a 1 car garage. This duplex sits on a large lot, just under half acre, Zoned to build 2 duplex's. Investor could build 2nd duplex if they hooked up to sewer. With a 6.34% cap rate, great location, Olympia schools, & future development potential.

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Multi-Family Active

Price

$ 715,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 6,873

Style

Duplex

Lot Size

0.4418

Year Built

2011

Town/City

Olympia

County/Region

Thurston

MLS | Web ID

2453507

Features
General
Living Area 0
Sewer Sewer Connected
Heating Forced Air
Cooling None
Possession Closing See Remarks
Roof Composition
HOA Fee 0
Year Built 2011
Property Subtype Multi Family
Tax Year 2025
County Thurston
Net Operating Income 45327
Insurance Expense 1200
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Eastside Olympia
Possible Use Multi-Family Residential
Special Listing Conditions None
Status Active
Directions From I-5 head west on Pacific Ave Right on Devoe St cross Martin Way home will be on the left.
High School Olympia High
City Olympia
Senior Community Y/N N
High School District Olympia
Zoning Description Multi-Family Residential
Open Parking Spaces 4
Number Of Units Total 2
MLS Area 447 - Olympia North
Lot Size Units Square Feet
Lot Size Square Feet 19243
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional
Elementary School Roosevelt Elementary
Tax Annual Amount 6873
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Reeves Mid
Public Remarks Great investment opportunity to add to your portfolio offering instant cash flow. Located on Eastside of Olympia in the UGA just outside of city limits. New city of Olympia landlord/tenant laws do no
Leasable Area 2422
Virtual Tour https://player.vimeo.com/progressive_redirect/playback/1134091549/rendition/2160p/file.mp4%20%282160p%29.mp4?loc=external&log_user=0&signature=780745ed7e1dd10e8ea6c8abdf186c02a87c4c8b3b969a2653735194
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Water Company City of Olympia
Units Below Grade false
Units In Building Total 2
Water Sewer Garbage 0
Property Style 52 - Duplex
Cap Rate 6.34
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Exterior
Exterior Amenities Cement Planked
Lot Features Dead End Street Paved
Water Source Public
Total Parking 7
Foundation Details Poured Concrete
Building Area Total 2422
Lot Size Acres 0.4418
Waterfront Y/N N
Covered Spaces 2
Irrigation Water Rights Y/N N
Site Features Cable TV Deck High Speed Internet Patio
Parking Uncovered Spaces 4
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Interior
Flooring Vinyl Plank Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Bedrooms Possible 4
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2453507
Street Number 1 503
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* Excluded Features
List By
Keenan French

Listing Agent

Olympic Sotheby's Int'l Realty

Broker

Affordability Calculator

$5,033
Per Month
89%
11%
0%
Monthly Principal & Interest
$4,461
Monthly Property Taxes
$573
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3691727 Elementary School
256928 Middle School
Olympia High High School
Pricing History
DatePricePrice ChangeDescription
11/8/2025$715,000 Listed Price

Map


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503 Devoe Street NE, Olympia, WA, 98506 is a Multi-Family Home for sale at $715,000 with 2,422 sqft and a lot size of 0.4418. 503 Devoe Street NE is a studio with 0.0 baths and was built in 2011. The property's zip code is 98506 which is in Olympia, WA