1624 Decatur Street SW, Olympia, WA 98502

$3,625,000
11,856
SqFt

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Listing courtesy of Capitol Real Estate LLC.

List Price
$3,625,000
Status
ACTIVE
MLS#
2552161
Days on Market
17
Style
55 - 5-9 Units
Building Condition
Under Construction
Finished SqFt
11,856
Area Total SqFt
11856
Annual Tax Ammount
21250
Internet Provider
Comcast/Infinity
Lot Size (sq ft)
22,820
Sewer
Sewer Connected

Property 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.

Additional Information

List Date
2026-07-09 19:28:10
Community
Westside
Net Operating Income
$237,120
Gross Scheduled Income
$263,520
Total Monthly Income
$21,960
Insurance Expenses
$5,400
Cap Rate
6.5
Total Number of Units
8
Unit Name
1624
Potential Terms
Cash, Conventional
Year Built
2026
Roof
Composition
Energy Source
Electric
School District
Olympia
Elementary School
Hansen Elementary
Middle School
Marshall Middle
High School
Capital High
Total Monthly Income
$21,960
Gross Scheduled Income
$263,520
Tax Year
2026
Insurance Expense
$5,400
Net Operating Income
$237,120
Cap Rate
6.5
Based on information submitted to the MLS GRID as of . 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.
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