503 Devoe Street Ne, Olympia, WA 98506

Olympia
Local realty services provided by:RSVP Brokers ERA
Listed by: keenan french
Office: capitol real estate llc.
MLS#:2567540
Source:NWMLS
503 Devoe Street Ne,Olympia, WA 98506
$615,000
Virtual Tour
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$615,000

About this home

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 future possibilities for development. This is a great location...

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Home facts

  • Year built:2011
  • Subdivision & Development:Eastside Olympia
  • Listing ID #:2567540
  • Updated:October 05, 2026 at 11:29 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
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