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 SchoolSchoolDigger 4 stars · Top 26% in WA

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.