$3,625,000
Est. $18,483/mo1624 Decatur Street Sw, Olympia, WA 98502
• Listed 2026-07-09•19 days on market
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Based on information submitted to the MLS GRID as of July 9, 2026 at 12:28pm (date and time MLS GRID Data was obtained). 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.
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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.
Listed by Justin W Hjelm • Capitol Real Estate LLC
Listing updated: July 9, 2026 at 12:28pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2552161
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1624 Decatur Street Sw, Olympia, WA 98502
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Olympia is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 16 days.
$48,600 Sold
1 week ago
2 bd•1 ba•Single Family
1111 Archwood Drive Sw #361, Olympia, WA 98502
22%
Over list
—
Days on market
1.0 mi
Distance
$105,000 Sold
2 months ago
2 bd•1 ba•Single Family
1111 Archwood Drive Sw #285, Olympia, WA 98502
9%
Under list
—
Days on market
1.0 mi
Distance
$570,000 Sold
3 months ago
3 bd•2 ba•~1,564 sq ft•Single Family
1616 Cushing Street Sw, Olympia, WA 98502
2%
Under list
—
Days on market
0.1 mi
Distance
$615,000 Sold
3 months ago
•Single Family
814 816 Soroya Drive Sw, Olympia, WA 98502
3%
Over list
—
Days on market
0.6 mi
Distance
$74,950 Sold
3 months ago
2 bd•Single Family
1111 Archwood Drive Sw #382, Olympia, WA 98502
6%
Under list
—
Days on market
1.0 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jul 2026
Olympia School District
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
