1954 Division Street NW Olympia, WA $ 487,777
1954 Division Street NW
$ 487,777
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1954 Division Street NW

Olympia, WA, 98502
$ 487,777
Bedrooms3 Baths2.0 Sq 1,608

Monthly Estimate*

$ 3,080

Listed by Paramount Real Estate Group
1954 Division Street NW, Olympia, WA 98502 - Image 1
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Multi-Family Home for sale in Olympia, WA

for $487,777 with 3 bedrooms and 2 full baths. This 1,608 square foot home was built in 1925 on a lot size of 0.2479.

Turnkey rental income with immediate cash flow: Well maintained Olympia duplex offering an opportunity for investors, owner-occupants or multi-generational living. Conveniently located near Capital Mall, Evergreen State College, schools, grocery stores, restaurants, medical services, and major commuter routes. Bus stop located nearby for easy transit access. Situated on a 0.25-acre corner lot, each unit enjoys private living spaces, classic charm, separate fenced yard areas, lots of dedicated parking, washer and dryer, and outdoor space for gardening, pets, or recreation. Unit A features 2 bedrooms and 1 bathroom, while Unit B offers 1 bedroom plus bonus room/office, high ceilings and 1 bathroom, creating flexibility for a variety of tenants or owner-occupant needs. Floorplan available in photos. Fresh landscaping and ongoing owner maintenance have kept these units hassle-free. Positioned in Olympia's westside with convenient access to downtown Olympia, Highway 101, I-5 connections, military base JBLM, parks, shopping, and employment centers. This area has consistent rental demand due to nearby colleges, government employment, healthcare facilities, and regional employers. Add this well-located duplex to your investment portfolio or offset housing costs by occupying one unit while generating rental income from the other. Buyer to verify all.

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Multi-Family Active

Price

$ 487,777

Bedrooms

3

Full Bath

2

Property Type

Multi-Family

Taxes

$ 4,792

Style

Duplex

Lot Size

0.2479

Year Built

1925

Town/City

Olympia

County/Region

Thurston

MLS | Web ID

2554345

Features
General
Living Area 0
Sewer Sewer Connected
Heating Stove/Free Standing Wall Furnace
Cooling None
Possession See Remarks Subject To Tenant Rights
Roof Composition
HOA Fee 0
Garage Spaces 0
Security Features Fully Fenced
Year Built 1925
View Territorial
Property Subtype Multi Family
Tax Year 2026
County Thurston
Net Operating Income 25239
Insurance Expense 2085
New Construction N
Property Type Residential Income
HOA N
Energy Efficient Thermal Windows
Subdivision Name Olympia
Possible Use Residential
Special Listing Conditions None
Status Active
Directions GPS is accurate: Harrison Ave NW to Black Lake Blvd SW north which becomes Division St NW. Duplex is on the right at the corner of Division St NW & Elliott Ave NW.
High School Capital High
City Olympia
Senior Community Y/N N
High School District Olympia
Zoning Description Residential
Number Of Units Total 2
MLS Area 444 - Olympia Westside
Lot Size Units Square Feet
Lot Size Square Feet 10797
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional FHA State Bond VA Loan
Elementary School Leland P Brown Elem
Tax Annual Amount 4792
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Jefferson Mid
Property Condition Good
Public Remarks Turnkey rental income with immediate cash flow: Well maintained Olympia duplex offering an opportunity for investors owner-occupants or multi-generational living. Conveniently located near Capital Ma
Leasable Area 1608
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Amenities See Remarks Storage Thermal Windows
Water Company City of Olympia
Units Below Grade false
Units In Building Total 2
Water Sewer Garbage 3240
Property Style 52 - Duplex
Cap Rate 5.2
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Exterior
Exterior Amenities Wood Products
Lot Features Corner Lot Paved
Water Source Public
Total Parking 6
Foundation Details Poured Concrete
Building Area Total 1608
Lot Size Acres 0.2479
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Fenced-Fully
Parking Uncovered Total 6
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Interior
Flooring Ceramic Tile Laminate Vinyl Carpet
Total Fireplaces 0
Total Stories 1
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Natural Gas
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2554345
Street Number 1 1954
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* Excluded Features
List By
Jesse Savage

Listing Agent

Paramount Real Estate Group

Broker

Affordability Calculator

$3,479
Per Month
89%
11%
0%
Monthly Principal & Interest
$3,080
Monthly Property Taxes
$399
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
257001 Elementary School
258495 Middle School
Capital High High School
Pricing History
DatePricePrice ChangeDescription
7/18/2026$487,777 Listed Price

Map


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1954 Division Street NW, Olympia, WA, 98502 is a Multi-Family Home for sale at $487,777 with 1,608 sqft and a lot size of 0.2479. 1954 Division Street NW has 3 bedrooms, 2.0 baths, and was built in 1925. The property's zip code is 98502 which is in Olympia, WA