Rockhood
$3,625,000List price
Active

1624 Decatur Street SW · Olympia, WA 98502

Source: NWMLS · Capitol Real Estate LLC · Justin W Hjelm #NWM2552161

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.

Location

Basics

Property type
Multi Family
Style
5-9 Units
Stories
2 stories
Condition
Under Construction
Year built
2026
New construction
Yes
Building area
11,856 sq ft
Lot size
22,820 sq ft (0.52 acres)
County
Thurston
MLS #
NWM2552161

Interior

Heating
Forced Air, Heat Pump
Cooling
Heat Pump
Flooring
Vinyl, Carpet

Exterior & lot

Exterior features
Cement Planked
Roof
Composition
Foundation
Poured Concrete
Lot features
Paved
Waterfront
No

Parking

Parking spaces
16
Garage
8
Covered spaces
8

Utilities

Water
Public
Sewer
Sewer Connected
Power
Electric

Community & fees

Subdivision
Westside
Property tax
$21,250 (2026)

Transaction

Listed on
Jul 9, 2026
Days on market
73
Listing terms
Cash, Conventional
Possession
Closing

More homes nearby

Schools

School district: Olympia

Elementary
Hansen Elementary
Middle
Marshall Middle
High
Capital High School
SchoolDigger 4 stars · Top 26% in WA

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Listing provided courtesy of: Capitol Real Estate LLC

Listing agent: Justin W Hjelm.

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. IDX information provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Data last updated 2026-08-27.