503 Devoe Street Ne, Olympia, WA 98506

Olympia
Local realty services provided by:Better Homes and Gardens Real Estate Northwest Home Team
Listed by: keenan french
Office: capitol real estate llc.360-489-6439
MLS#:2567540
Source:NWMLS
503 Devoe Street Ne,Olympia, WA 98506
$615,000
Virtual Tour
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Pending Inspection

Price summary

  • Price:$615,000

About this home

Seller Financing available with a large down payment at a lower rate!! Great opportunity to acquire a freshly remodeled duplex in excellent condition with tremendous income producing potential with a CAP rate of 7.49%! That is an incredible CAP rate. Or occupy one side and lease out the other to decrease your mortgage payment. Located on Olympia’s Eastside in the UGA, just outside city limits, this 2011-built duplex offers two established rental units plus potential to expand. The property includes a 3-bedroom, 2-bath unit with a 1-car garage and a fully remodeled 2-bedroom, 1-bath unit with a 1-car garage. The 2 bedrm unit has been extensively updated with LVP flooring, quartz countertops, new kitchen cabinets, appliances, doors, millwork, trim, and fresh paint. The nearly half-acre lot provides potential to develop an additional duplex, creating the possibility of four total units and increased income-producing capacity. Strong location, Olympia schools, existing rental income, and...

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Home facts

  • Year built:2011
  • Subdivision & Development:Eastside Olympia
  • Listing ID #:2567540
  • Updated:November 12, 2026 at 10:01 AM

Rooms and interior

  • Flooring:Carpet, Vinyl Plank

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Composition
  • Year built:2011
  • Lot area:0.44 Acres
  • Lot Features:Dead-end Street, Paved
  • Construction Materials:Cement Planked, Wood Exterior Finish
  • Exterior Features:Deck, Patio

Schools

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

Utilities

  • Water:Public
  • Sewer:Septic Tank

Finances and disclosures

  • Price:$615,000
  • Tax amount:$6,873 (2025)

Features and amenities

  • Amenities:Cable TV, High Speed Internet

Parking

  • Total parking spaces:11
  • Garage:Yes
  • Garage spaces:3
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of November 12, 2026. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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