503 Devoe ST NE, Olympia, WA 98506
503 Devoe ST NE, Olympia, WA 98506
503 Devoe ST NE, Olympia, WA 98506
30
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Listed by:Capitol Real Estate LLC • Keenan French
$650,000
Est. payment /mo
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4 Beds
3 Baths
2,422 SqFt
Active

503 Devoe ST NE Olympia, WA 98506

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Michele Caskey

Michele Caskey

+1(575) 937-3663

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,422 sqft

Price per Sqft $268

Subdivision Eastside Olympia

MLS Listing ID 2453507

Style 52 - Duplex

Bedrooms 4

Year Built 2011

Annual Tax Amount $6,873

Lot Size 0.442 Acres

Property Sub-Type Multi Family

Property Description

Strong investment opportunity with immediate cash flow. Situated on the Eastside of Olympia within the UGA—just outside city limits—this property is not subject to the City of Olympia's newer landlord-tenant regulations. Built in 2011, the duplex features two well-designed units: a 3 bed, 2 bath and a 2 bed, 1 bath. The 2-bedroom unit has been recently remodeled with LVP flooring, quartz countertops, new cabinetry, millwork, trim, doors, appliances, and fresh interior paint. Each unit includes a 1-car garage, enhancing tenant appeal. The property sits on a spacious lot just shy of half an acre and offers valuable development upside. Zoned to accommodate two duplexes, there is potential to add a second structure with sewer connection. With a 6.34% cap rate, desirable Olympia School District, and strong future growth potential, this is a compelling addition to any investment portfolio.

Location

State WA

County Thurston

Area 447 - Olympia North

Interior

Flooring Vinyl Plank, Carpet

Fireplace false

Exterior

Exterior Feature Cement Planked

Garage Spaces 2.0

Amenities Available Cable TV, Deck, High Speed Internet, Patio

View Y/N No

Roof Type Composition

Building

Lot Description Dead End Street, Paved

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Roosevelt Elementary

Middle Schools Reeves Mid

High Schools Olympia High

School District Olympia

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

NEARBY SCHOOL & BUSINESS

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Michele Caskey

Michele Caskey

Agent | License ID: WA#122875 NM#REC20220256

+1(575) 937-3663

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503 Devoe ST NE