Exceptional opportunity to acquire brand-new duplexes in highly desirable West Olympia. Built for long-term, low-maintenance ownership, these turnkey investment properties offer modern construction with minimal capital expenditure concerns for years to come. Located in a strong rental market characterized by high demand, low vacancy rates, and attractive rental income potential, these duplexes are well-positioned for consistent cash flow and long-term appreciation. Situated at the end of a private dead-end street, the properties offer a quiet setting that appeals to quality tenants while remaining conveniently close to major employers, shopping, schools, and commuter routes. Whether you're looking to expand your portfolio or complete a 1031 exchange, this is a rare opportunity to invest in newly constructed multifamily assets in one of Olympia's most sought-after rental locations.
Active
Listed by: Capitol Real Estate LLC
$819,000
1614 Decatur Street SW, Olympia, WA 98502
6beds
6baths
2,964sqft
Duplex
Built in 2026
-- sqft lot
$-- Zestimate®
$276/sqft
$-- HOA
What's special
Quiet setting
- 5 hours |
- 37 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Justin W Hjelm,
Capitol Real Estate LLC
Source: NWMLS as distributed by MLS GRID,MLS#: 2537959
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
Heating
- Forced Air, Heat Pump, Electric
Cooling
- Heat Pump
Features
- Flooring: Vinyl, Carpet
- Has fireplace: No
Interior area
- Total structure area: 2,964
- Total interior livable area: 2,964 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 1
- Uncovered spaces: 1
Lot
- Size: 5,702 Square Feet
- Features: Paved
Details
- Parcel number: 38703303000
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex
Materials
- Cement Planked, Cement Plank
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Under Construction
- New construction: Yes
- Year built: 2026
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: City of Olympia
- Water: Public, Company: City of Olympia
- Utilities for property: Comcast/Infinity, Comcast/Infinity
Community & HOA
Community
- Subdivision: Westside
Location
- Region: Olympia
Financial & listing details
- Price per square foot: $276/sqft
- Tax assessed value: $69,400
- Annual tax amount: $731
- Date on market: 6/11/2026
- Cumulative days on market: 1 day
- Listing terms: Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/12/2026 | Listed for sale | $819,000$276/sqft |
Source:  NWMLS as distributed by MLS GRID #2537959 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $731 | $69,400 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: South Westside
Nearby schools
GreatSchools rating
- 4/10Julia Butler Hansen Elementary SchoolGrades: PK-5Distance: 2.5 mi
- 8/10Thurgood Marshall Middle SchoolGrades: 6-8Distance: 2.4 mi
- 8/10Capital High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Hansen Elementary
- Middle: Marshall Middle
- High: Capital High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Washington
- Thurston County
- Olympia
- 98502
- South Westside
- 1614 Decatur Street SW
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