This listing courtesy of Sterling Stock , Olympic Sotheby's Int'l Realty

$698,000

503 Devoe Street NE, Olympia, WA 98506

Multi-Family Home
Built in 2011
0.44acre lot
2 car garage
$——/sqft
Listed 3 months ago

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.

Listing Status:: Active
Data Last Updated:: February 14, 2026 at 6:22PM
Listing Office:: Olympic Sotheby's Int'l Realty : 360-528-4160
Listing Agent:: Sterling Stock : 360-528-4160
MLS ID:: 2453507

Flooring: Vinyl PlankCarpet
A/C: None
Heating: Forced Air
Fireplace: Fireplaces: 0

General: Cement Planked
Parking: Parking spaces: 7

Roofing: Composition
General: 52 - DuplexPoured Concrete

HOA Amenities: 0.0
Originating MLS: nwmls
School District: Olympia
County: Thurston

Zoning: 34201100203

Water: Public
Sewer: Sewer Connected

Source: nwmls

This listing courtesy of Sterling Stock , Olympic Sotheby's Int'l Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Roosevelt Elementary School

1417 San Francisco Ave NE, Olympia, WA, 98506

Grades PK-5

1.24 miles away

Reeves Middle School

2200 Quince St NE, Olympia, WA, 98506

Grades 6-8

1.75 miles away

Olympia High School

1302 North St SE, Olympia, WA, 98501

Grades 9-12

2.43 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.