About this home

Unique Investor or Developer Opportunity in Downtown Olympia! Don't miss this one! Listing includes a duplex and 7-plex on one parcel and a leased parking lot. Under market rents, all tenants on month to month tenancy. Units offer a mix of studios and one-bedrooms. Parking spots lease for $30/mo with over 20 stalls! Close to downtown, waterfront, and shopping. Zoned UR (Urban Residential), allows for high-rise redevelopment or mixed-use opportunities!

Location

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Basics

Property type: Multi Family
Style: 5-9 Units
Stories: 3 stories
Condition: Fair
Year built: 1901 (renovated 1964)
Building area: 4,776 sq ft
Lot size: 14,400 sq ft (0.33 acres)
County: Thurston
MLS #: NWM2481889

Interior

Heating: Forced Air
Cooling: None
Flooring: Hardwood, Vinyl, Carpet

Exterior & lot

Exterior features: Wood, Wood Products
Roof: Composition
Foundation: Block, Slab
Lot features: Alley, Curbs, Paved, Sidewalk
View: Territorial
Waterfront: No

Parking

Parking spaces: 24

Utilities

Water: Public
Sewer: Sewer Connected
Power: Electric, Natural Gas

Community & fees

Subdivision: Olympia
Property tax: $10,082 (2025)

Transaction

Original list price: $1,050,000 (5% price cut)
Listed on: Feb 18, 2026
Days on market: 214
Listing terms: Cash, Conventional
Possession: Subject To Tenant Rights

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Sale history

Earlier listings of this home on the MLS.

2024-10-18: Sold$600,000

Schools

School district: Olympia

Elementary: Buyer To Verify
Middle: Buyer To Verify
High: Olympia High School
SchoolDigger 5 stars · Top 7% in WA

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Listing provided courtesy of: Olympic Sotheby's Int'l Realty

Listing agent: Jeff Weeks.

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 2026-09-17.