NEW! Buy and sell safely with virtual options - Learn More
About the Listing 10417 - 118596
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.
Listing Highlights
Interior Details
- Bedrooms: 4
- Bathrooms: 3 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: Vinyl Plank,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: City of Olympia
Exterior Details
- Lot Description: Dead End Street,Paved,Cable TV,Deck,High Speed Internet,Patio,Zoning: Multi-Family,Residential
- Garage Capacity: 2 car
- Zoning: Multi-Family,Residential
- Roof: Composition
- Others: Cement Planked
- Sewer: Septic
Financial Details
- Tax Amount: $6,873
- Taxes w/Assessments: N/A
- Tax/Property ID: 34201100203
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
503 Devoe St NE Olympia, WA 98506
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
