503 Devoe Street Ne, Olympia, WA 98506

Olympia
Local realty services provided by:Better Homes and Gardens Real Estate Pacific Commons
Listed by: keenan french
Office: capitol real estate llc.
MLS#:2453507
Source:NWMLS
503 Devoe Street Ne,Olympia, WA 98506
$698,000
  • - Beds
  • - Baths
  • 2,422 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$698,000
  • Price per sq. ft.:$288.19

About this home

Great investment opportunity to add to your portfolio, offering instant cash flow. Located on Eastside of Olympia in the UGA, just outside of city limits. New city of Olympia landlord/tenant laws do not apply. This 2011 built duplex has 2-bedrooms, 2-bathrooms and an extra finished room being used as a 3rd bedroom and the other unit is 2-bedroom, 1-bathroom (4-bedroom septic), just completely remodeled/updated. Updates include LVP flooring, quartz counters, all new millwork, trim, Kitchen cabinets, appliances, doors, & fresh paint. Larger unit has 2 car garage, and other unit has 1 car garage. This duplex sits on a large lot, just under half acre, zoned to build 2 duplexes. Investor could build 2nd duplex if they hooked up to sewer. With a 6.34% cap rate, great location, Olympia schools, & future development potential.

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Home facts

  • Year built:2011
  • Listing ID #:2453507
  • Updated:March 26, 2026 at 07:43 PM

Rooms and interior

  • Flooring:Carpet, Vinyl Plank
  • Living area:2,422 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Composition
  • Year built:2011
  • Building area:2,422 sq. ft.
  • Lot area:0.44 Acres
  • Lot Features:Dead-end Street, Paved
  • Construction Materials:Cement Planked
  • Exterior Features:Deck, Patio

Schools

  • High school:Olympia High
  • Middle school:Reeves Mid
  • Elementary school:Roosevelt Elementary

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$698,000
  • Price per sq. ft.:$288.19
  • Tax amount:$6,873 (2025)

Features and amenities

  • Amenities:Cable TV, High Speed Internet

Parking

  • Total parking spaces:7
  • Parking description:Uncovered Space(s) : 4
  • Garage:Yes
  • Garage spaces:2
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