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About this home
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.
South Westside, located between Capitol Lake and the Black Hills, is a residential and artsy Olympia neighborhood with hillside streets and a salt-air edge. The neighborhood’s character concentrates around the Harrison Avenue corridor near the 4th Avenue Bridge, where coffee counters, small galleries, and corner eateries set a steady, walk-and-bike rhythm. The Olympia Farmers Market, the Hands On Children’s Museum, and the historic Capitol Theater act as cultural pillars close by. Housing leans Craftsman bungalows and mid-century homes, with pockets of newer infill. Side streets slope toward the water, and views open up near the lake. Parks and trails stitch daily routines to downtown and the waterfront.
Provided by Walk Score and Local Logic
Offer insights
1610 Decatur St SW · $819,000
$826K and above
75% chance or better to win
Why $826K+ is a strong offer
SALE-TO-LIST
97.3%
Most homes are selling 3% below list price.
LIST PRICE
$819,000
Median list price in this area is $569,683. (30% lower than this home)
About offer insights
Property details
Interior
Exterior
Finance
Interior features
Vinyl and carpet flooring
Heat pump provides heating and cooling
Forced air heating
Poured concrete foundation
Bedrooms
Two 3-bedroom units (each unit has 3 bedrooms)
Bathrooms
Each unit has 3 bathrooms
Kitchen
Each unit includes a range/oven
Each unit includes a refrigerator
Each unit includes a dishwasher
Laundry & utility
Each unit includes a washer and dryer
Flooring
Vinyl flooring
Carpet flooring
Heating & cooling
Heat pump (heating and cooling)
Forced air heating
Exterior features
Cement-planked exterior
Paved lot
Home design
Duplex (residential income, multi-family)
Under construction (estimated completion 2026-09-30)
2 stories
Parking
One covered parking space
One uncovered parking space
One garage space
Construction
Cement plank construction
Composition roof
New construction / under construction
Poured concrete foundation
Utilities
Public water (City of Olympia)
Sewer connected (City of Olympia)
Electric service (PSE)
Cable connected (Comcast/Infinity)
Internet connected (Comcast/Infinity)
Financial info
Listing terms: Cash and Conventional
Total monthly income: $5,490
Each unit currently rents for $2,745
Electricity and solar
View estimated energy costs and solar savings for this home