1624 Decatur ST SW, Olympia, WA 98502
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1624 Decatur ST SW, Olympia, WA 98502
1624 Decatur ST SW, Olympia, WA 98502
1624 Decatur ST SW, Olympia, WA 98502
1624 Decatur ST SW, Olympia, WA 98502
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Nathan Allan

Nathan Allan

+1(360) 499-2123
Listed by:Capitol Real Estate LLC • Justin W Hjelm
$ 3,625,000
Est. payment /mo
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1624 Decatur ST SW Olympia, WA 98502

24 Beds

24 Baths

11,856 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 11,856 sqft

Price per Sqft $305

Subdivision Westside

MLS Listing ID 2552161

Style 55 - 5-9 Units

Bedrooms 24

Construction Status Under Construction

Year Built 2026

Annual Tax Amount $21,250

Lot Size 0.524 Acres

Property Sub-Type Multi Family

Property Description

Exceptional opportunity to acquire 4 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.

Location

State WA

County Thurston

Area 444 - Olympia Westside

Interior

Flooring Vinyl, Carpet

Fireplace false

Exterior

Exterior Feature Cement Planked

Garage Spaces 8.0

View Y/N No

Roof Type Composition

Building

Lot Description Paved

Sewer Sewer Connected

Water Public

New Construction Yes

Construction Status Under Construction

Schools

Elementary Schools Hansen Elementary

Middle Schools Marshall Middle

High Schools Capital 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 SCHOOLS & PROPERTIES

Nathan Allan

Nathan Allan

Advisor | License ID: 23002463

+1(360) 499-2123

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1624 Decatur ST SW