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1624 Decatur Street Sw, Olympia, WA 98502

Olympia
Local realty services provided by:CENTURY 21 Lund, Realtors
Listed by: justin w hjelm
Office: capitol real estate llc.
MLS#:2552161
Source:NWMLS
1624 Decatur Street Sw,Olympia, WA 98502
$3,625,000
  • - Beds
  • - Baths
  • 11,856 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$3,625,000
  • Price per sq. ft.:$305.75

About this home

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.

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Home facts

  • Year built:2026
  • Listing ID #:2552161
  • Updated:July 29, 2026 at 11:39 AM

Rooms and interior

  • Flooring:Carpet, Vinyl Floor
  • Living area:11,856 sq. ft.

Heating and cooling

  • Heating:Forced Air, Heat Pump

Structure and exterior

  • Roof:Composition
  • Year built:2026
  • Building area:11,856 sq. ft.
  • Lot area:0.52 Acres
  • Lot Features:Paved
  • Construction Materials:Cement Planked

Schools

  • High school:Capital High
  • Middle school:Marshall Middle
  • Elementary school:Hansen Elementary

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$3,625,000
  • Price per sq. ft.:$305.75
  • Tax amount:$21,250 (2026)

Parking

  • Total parking spaces:16
  • Garage:Yes
  • Garage spaces:8
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of July 29, 2026. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved. NWMLS Member Broker: Greg Lund

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