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Listed by: Keenan French (360) 489-7118 | Capitol Real Estate LLC (360) 489-6439
$615,000
Monthly Est:$3,061
5 Beds
3 Baths
--sqft
503 Devoe St NE, Olympia, WA 98506
$615,000
$3,061/moEst:
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Duplex
Built in 2011
$-- HOA
19,243 sqft lot
--/sqft
Description
Great opportunity to acquire a freshly remodeled duplex in excellent condition with tremendous income producing potential with a CAP rate of 7.49%!!!! That is an incredible CAP rate. 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 2 bedrm 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 of 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, while keeping that rural feel of living in the country!
- Houzeo last checked: 12 hours ago
- Listing updated: October 1, 2026 at 10:13 pm
- Source: Northwest Multiple Listing Service | MLS#: NWM2567540
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
2011
HOA Fees
-
Finished Area
- sqft
Lot Size
19,243 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2567540
MLS Status
Active
Days on Market
53
Cumulative Days on Market
52
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 5
Bathrooms: 3
Interior
Flooring
Vinyl Plank, Carpet
Exterior Features
Cement Planked, Wood
Sewer
Septic Tank
Heating
Forced Air
Cooling
None
Construction
Year Built
Year Built: 2011
Home type
Duplex
Roof
Composition
Foundation Details
Poured Concrete
Construction Materials
Cement Plank, Wood
Utilities & Energy
Water Source
Public
Other Features
Lot Features
Dead End Street, Paved
Subdivision Name
Eastside Olympia
Price History
| Date | Event | Price |
|---|---|---|
08/11/2026 Source: | Price Decreased | $629,000 -1.56% $0/sqft |
08/11/2026 Source: | Price Decreased | $639,000 -3.03% $0/sqft |
08/11/2026 Source: | Price Increased | $659,000 +7.15% $0/sqft |
08/11/2026 Source: | Listed for Sale | $615,000 $0/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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