$487,777
Est. $2,487/mo1954 Division Street Nw, Olympia, WA 98502
• Listed 2026-07-17•11 days on market
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Based on information submitted to the MLS GRID as of July 17, 2026 at 05:58pm (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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Turnkey rental income with immediate cash flow: Well maintained Olympia duplex offering an opportunity for investors, owner-occupants or multi-generational living. Conveniently located near Capital Mall, Evergreen State College, schools, grocery stores, restaurants, medical services, and major commuter routes. Bus stop located nearby for easy transit access. Situated on a 0.25-acre corner lot, each unit enjoys private living spaces, classic charm, separate fenced yard areas, lots of dedicated parking, washer and dryer, and outdoor space for gardening, pets, or recreation. Unit A features 2 bedrooms and 1 bathroom, while Unit B offers 1 bedroom plus bonus room/office, high ceilings and 1 bathroom, creating flexibility for a variety of tenants or owner-occupant needs. Floorplan available in photos. Fresh landscaping and ongoing owner maintenance have kept these units hassle-free. Positioned in Olympia's westside with convenient access to downtown Olympia, Highway 101, I-5 connections, military base JBLM, parks, shopping, and employment centers. This area has consistent rental demand due to nearby colleges, government employment, healthcare facilities, and regional employers. Add this well-located duplex to your investment portfolio or offset housing costs by occupying one unit while generating rental income from the other. Buyer to verify all.
Listed by Jesse Savage • Paramount Real Estate Group
Listing updated: July 17, 2026 at 05:58pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2554345
Open houses
No upcoming open houses scheduled for this property.
Nearby open houses (1)
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Open Sat, Aug 1$540,000
+$52,223 over list price
Nearby comparable homes
RexMont uses 3 strongest recent nearby sales, priced between $340K and $595K.
Rental earnings
$1,625/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$340,000Last sold price
1919 Jackson Avenue Nw, Olympia, WA 98502
$540,000Last sold price
5025 Mud Bay Road Nw, Olympia, WA 98502
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
1954 Division Street Nw, Olympia, WA 98502
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
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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.
$525,000 Sold
5 weeks ago
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2225 Dickinson Avenue Nw, Olympia, WA 98502
2%
Under list
—
Days on market
0.5 mi
Distance
$454,000 Sold
7 weeks ago
3 bd•1 ba•~1,390 sq ft•Single Family
1822 Jonquil Lane Nw, Olympia, WA 98502
0%
Under list
—
Days on market
0.3 mi
Distance
$400,000 Sold
2 months ago
2 bd•1 ba•~946 sq ft•Single Family
1422 Brawne Avenue Nw, Olympia, WA 98502
1%
Under list
—
Days on market
0.8 mi
Distance
$875,000 Sold
3 months ago
4 bd•2 ba•~3,246 sq ft•Single Family
2626 28th Avenue Nw, Olympia, WA 98502
1%
Under list
—
Days on market
0.8 mi
Distance
$780,000 Sold
3 months ago
3 bd•1.5 ba•~2,492 sq ft•Single Family
1405 Rolling Hills Terrace Nw, Olympia, WA 98502
2%
Under list
—
Days on market
0.4 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.
