503 Devoe Street NE, Olympia, WA 98506 (MLS # 2567540)
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Great opportunity to acquire a freshly remodeled duplex in excellent condition with tremendous income producing potential. 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 smaller 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 for 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 within walking distance to most Eastside Olympia amenities, but has a rural feel of living in the country!
| LAST UPDATED | 8/11/2026 | TRACT | Eastside Olympia |
|---|---|---|---|
| YEAR BUILT | 2011 | COMMUNITY | Eastside Olympia |
| GARAGE SPACES | 3.0 | 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, Wood Siding |
| GARAGE | Yes |
| HEAT | Electric, Forced Air |
| LOT | 0.4418 acre(s) |
| LOT DESCRIPTION | Dead End Street, Paved |
| MLS STATUS | Active |
| SEWER | Septic Tank |
| STORIES | 2 |
| STYLE | 52 - Duplex |
| SUBDIVISION | Eastside Olympia |
| TAXES | 6873 |
| UTILITIES | Cable Available |
| 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 8/15/26 10:58 PM PDT. 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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