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Street View
Listed by: Justin W Hjelm (360) 480-8813 | Capitol Real Estate LLC (360) 489-6439
$3,625,000
Monthly Est:$18,043
24 Beds
24 Baths
11,856sqft
1624 Decatur St SW, Olympia, WA 98502
$3,625,000
$18,043/moEst:
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Duplex
Built in 2026
$-- HOA
22,820 sqft lot
$306/sq.ft
Description
Exceptional opportunity to acquire 4 brand-new duplexes in highly desirable West Olympia. Built for long-term, low-maintenance ownership, these turnkey investment properties offer modern construction with minimal capital expenditure concerns for years to come. Located in a strong rental market characterized by high demand, low vacancy rates, and attractive rental income potential, these duplexes are well-positioned for consistent cash flow and long-term appreciation. Situated at the end of a private dead-end street, the properties offer a quiet setting that appeals to quality tenants while remaining conveniently close to major employers, shopping, schools, and commuter routes. Whether you're looking to expand your portfolio or complete a 1031 exchange, this is a rare opportunity to invest in newly constructed multifamily assets in one of Olympia's most sought-after rental locations.
- Houzeo last checked: 12 hours ago
- Listing updated: September 22, 2026 at 6:37 am
- Source: Northwest Multiple Listing Service | MLS#: NWM2552161
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
2026
HOA Fees
-
Finished Area
11,856 sqft
Lot Size
22,820 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2552161
MLS Status
Active
Days on Market
86
Cumulative Days on Market
85
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 24
Bathrooms: 24
Interior
Exterior Features
Cement Planked
Heating
Forced Air, Heat Pump
Sewer
Sewer Connected
Cooling
Heat Pump
Flooring
Vinyl, Carpet
Construction
Year Built
Year Built: 2026
Home type
Duplex
Construction Materials
Cement Plank
Foundation Details
Poured Concrete
Property Condition
Under Construction
Roof
Composition
Utilities & Energy
Water Source
Public
Other Features
Lot Features
Paved
Subdivision Name
Westside
Price History
| Date | Event | Price |
|---|---|---|
07/09/2026 Source: | Listed for Sale | $3,625,000 $306/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 02, 2026, 09:01AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
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