503 Devoe Street NE Olympia, WA $ 659,000
503 Devoe Street NE
$ 659,000
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503 Devoe Street NE

Olympia, WA, 98506
$ 659,000
Bedrooms5 Baths3.0

Monthly Estimate*

$ 4,161

Listed by Capitol Real Estate LLC
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Multi-Family Home for sale in Olympia, WA

for $659,000 with 5 bedrooms and 3 full baths. This home was built in 2011 on a lot size of 0.4418.

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. 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 smaller 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 for 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, but has a rural feel of living in the country!

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Multi-Family Active

Price

$ 659,000

Bedrooms

5

Full Bath

3

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

2567540

Features
General
Living Area 0
Sewer Septic Tank
Heating Forced Air
Cooling None
Possession Closing
Roof Composition
HOA Fee 0
Garage Spaces 3
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 1-5 head west on Pacific Ave Right on Devoe St cross Martin Way property is on the left.
High School Olympia High
City Olympia
Senior Community Y/N N
High School District Olympia
Zoning Description Multi-Family Residential
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 Conventional
Elementary School Roosevelt Elementary
Tax Annual Amount 6873
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Reeves Mid
Public Remarks 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
Leasable Area 2422
Virtual Tour https://property.pnw-media.com/order/7a1d332a-edc1-4354-bc42
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 Wood
Lot Features Dead End Street Paved
Water Source Public
Total Parking 11
Foundation Details Poured Concrete
Building Area Total 0
Lot Size Acres 0.4418
Waterfront Y/N N
Covered Spaces 4
Irrigation Water Rights Y/N N
Site Features Cable TV Deck High Speed Internet Patio
Parking Uncovered Total 7
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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
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 NWM2567540
Street Number 1 503
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* Excluded Features
List By
Keenan French

Listing Agent

Capitol Real Estate Llc

Broker

Affordability Calculator

$4,734
Per Month
88%
12%
0%
Monthly Principal & Interest
$4,161
Monthly Property Taxes
$573
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
3691727 Elementary School
256928 Middle School
Olympia High High School
Pricing History
DatePricePrice ChangeDescription
8/11/2026$659,000 Listed Price

Map


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503 Devoe Street NE, Olympia, WA, 98506 is a Multi-Family Home for sale at $659,000 with a lot size of 0.4418. 503 Devoe Street NE has 5 bedrooms, 3.0 baths, and was built in 2011. The property's zip code is 98506 which is in Olympia, WA