503 Devoe Street NE, Olympia, WA 98506 (MLS # 2453507)
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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.
| LAST UPDATED | 11/7/2025 | TRACT | Eastside Olympia |
|---|---|---|---|
| YEAR BUILT | 2011 | COMMUNITY | Eastside Olympia |
| COUNTY | Thurston | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | Roosevelt Elementary |
|---|---|
| Jr. High School | Reeves Mid |
| High School | Olympia High |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | 447 - Olympia North |
| CONSTRUCTION | Cement Siding |
| HEAT | Electric, Forced Air |
| LOT | 0.4418 acre(s) |
| LOT DESCRIPTION | Dead End Street, Paved |
| MLS STATUS | Active |
| STORIES | 2 |
| STYLE | 52 - Duplex |
| SUBDIVISION | Eastside Olympia |
| TAXES | 6873 |
| UTILITIES | Cable Available, Sewer Connected |
| WATER | Public |
| ZONING | Multi-Family,Residential |
TOTAL MONTHLY PAYMENT
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Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 11/19/25 10:21 AM PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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. 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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