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503 Devoe Street NE

Olympia, WA 98506
  • $715,000
  • STATUS: Active
  • ID#: 2453507
UPDATED: 38 min ago
$715,000
  • 0
    BEDS
  • 0.44
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,422
    SQFT
  • $295
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2011
County:

School Information

Elementary School:
Middle School:
High School:
School District:
Northwest MLS logo Listing information ©2025 Northwest MLS. Listing courtesy of Olympic Sotheby's Int'l Realty.
Mortgage Calculator is provided by BoomTown.

Description

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. 2011 built duplex has a 2 bed, 2 bath + extra finished room unit & other unit is 2 bed, 1 bath (4bd septic), newly remodeled/updated: LVP flooring, quartz counters, all new millwork, trim, Kitchen cabinets, appliances, doors, & fresh paint. Both units have a 1 car garage. This duplex sits on a large lot, just under half acre, Zoned to build 2 duplex's. 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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IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2025-12-09T17:14:48.2. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2025-12-09T17:14:48.2. 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.
www.kwbellingham.net/homes/169740423
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503 Devoe Street NE Olympia, WA 98506

  • Price: $715,000
  • Status: Active
  • On Site: Days
  • Updated: 38 min ago
  • ID#: 2453507
0
Beds
0
Baths
0
½ Baths
0.44
Acres
2,422
SQFT
$295
$/SQFT
2011
Built
Neighborhood:
Eastside Olympia
County:
Thurston
Area:
Olympia North
Elementary School:
Roosevelt Elementary
Middle School:
Reeves Mid
High School:
Olympia High
School District:
Olympia
Property Description
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. 2011 built duplex has a 2 bed, 2 bath + extra finished room unit & other unit is 2 bed, 1 bath (4bd septic), newly remodeled/updated: LVP flooring, quartz counters, all new millwork, trim, Kitchen cabinets, appliances, doors, & fresh paint. Both units have a 1 car garage. This duplex sits on a large lot, just under half acre, Zoned to build 2 duplex's. Investor could build 2nd duplex if they hooked up to sewer. With a 6.34% cap rate, great location, Olympia schools, & future development potential.
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 2 Exterior Features Cement Planked Lot Features Dead End StreetPaved Open Parking Spaces 4 Open Parking YN Yes Parking Total 7 Parking Uncovered Spaces 4 Roof Composition Structure Type Duplex Style Code 52 - Duplex View YN No Waterfront YN No

Interior Features

Baths Full Upper 0 Baths Half Upper 0 Baths Three Quarter Upper 0 Bedrooms Upper 0 Building Area Total 2422 Cooling None Cooling YN No Fireplace YN No Fireplaces Total 0 Flooring Vinyl PlankCarpet Heating Forced Air Heating YN Yes Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Association Fee 0 Association YN No Energy Source Electric FIRPTAYN No First Right Of Refusal No Foundation Details Poured Concrete Irrigation Water Rights YN No Listing Terms Cash OutConventional Net Operating Income 45327 New Construction YN No Possession ClosingSee Remarks Possible Use Multi-FamilyResidential Power Company PSA Power Production Type Electric Property Sub Type Multi Family Senior Community YN No Sewer Sewer Connected Sewer Company Septic Site Features Cable TVDeckHigh Speed InternetPatio Special Listing Conditions None Tax Annual Amount 6873 Tax Year 2025 Units In Building Total 2 Water Company City of Olympia Water Source Public Zoning Description Multi-FamilyResidential



IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2025-12-09T17:14:48.2. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2025-12-09T17:14:48.2. 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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Keller Williams Western Realty
2211 Rimland Drive, Suite 124
Bellingham WA, 98226
Northwest MLS logo Listing information ©2025 Northwest MLS. Listing courtesy of Olympic Sotheby's Int'l Realty.
Mortgage Calculator is provided by BoomTown.