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$3,625,000
17 Days On Site

1624 Decatur Street SW
Olympia, WA 98502

For Sale|Multi Family|Active
0
Beds
0
Total Baths
11,856
SqFt
$306
/SqFt
2026
Built
Cumulative Days On Market:
18
Subdivision:
Westside
County:
Thurston
Courtesy of NWMLS
Listing courtesy of Justin W Hjelm of Capitol Real Estate LLC
Call Now: (408) 868-2620
Is this the listing for you? We can help make it yours.
(408) 868-2620
1624 Decatur Street SW1624 Decatur Street SW1624 Decatur Street SW1624 Decatur Street SW
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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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Listing Snapshot
Price 
$3,625,000
Days On Site 
17 Days
Bedrooms 
N/A
Inside Area (SqFt) 
11,856 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.5239 Acres
Year Built 
2026
MLS® Number 
2552161
Status 
Active
Property Tax 
$21,250
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS®
2 weeks agoListing first seen on site
General Features
Acres 
0.5239
Garage 
Yes
Garage Spaces 
8
Number Of Stories 
2
Parking Spaces 
16
Property Condition 
Under ConstructionNew Construction
Property Sub Type 
Multi Family
SqFt Total 
11856
Utilities 
Sewer Connected
Water Source 
Public
Interior Features
Cooling 
Heat Pump
Flooring 
VinylCarpet
Heating 
ElectricForced AirHeat Pump
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Exterior Features
Construction Details 
Cement Siding
Lot Features 
Paved
Roof 
Composition
Community Features
Financing Terms Available 
CashConventional
MLS Area 
444 - Olympia Westside
School District 
Olympia
Schools
School District
Olympia
Elementary School
Hansen Elementary
Middle School
Marshall Middle
High School
Capital High
Courtesy of NWMLS
Listing courtesy of Justin W Hjelm of Capitol Real Estate LLC



Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for 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. Copyright 2026, Northwest MLS.
All data is obtained from various sources and may not have been verified by the 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.
Last checked: 2026-07-26 08:15 PM PDT

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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