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Provided by NWMLS, Listed by Justin W Hjelm, 360-489-6439 at Capitol Real Estate LLC
11,856 sqft

$3,625,000

1624 Decatur Street SW, Olympia WA, 98502

Price per sqft$305.75
Built in2026
Property size11,856 sqft
Property typeMulti-family

Overview

Active

Listed Jul 9, 2026

Updated 6 days ago

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.

$24,117/mo

Est. mortgage payment based on a $3,625,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
2552161

Interior Features

Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.52 Acres

Other Property Details

Taxes
$21,250
Tax Frequency
Annually
Garage
Yes
New Construction
Yes
55+/Senior Community
No
MLS provider logo

Provided by NWMLS, Listed by Justin W Hjelm, 360-489-6439 at Capitol Real Estate LLC

The IDX display presents information sourced from the Northwest Multiple Listing Service as of 9/29/2026. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified. Based on information submitted to the MLS GRID as of 9/29/2026 at 4:22 AM UTC . 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.

©2026 Northwest Multiple Listing Service all rights reserved.

Data last updated on 9/29/2026 at 4:22 AM UTC 

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