NEW CONSTRUCTION

Listed by Justin Hjelm • Capitol Real Estate LLC.

For sale

$819,000

Est. $5,400/mo —

•

6 ba

•

2,964

sq ft

1614 Decatur St SW, Olympia, WA 98502

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.

Multi-familyProperty Type

2026Year Built

5,702 sq ftLot Size

$276Price/Sq.Ft.

1 car garageParking

Listed by Justin Hjelm • Capitol Real Estate LLC

Listing updated: Oct 7, 2026 at 11:30am

Redfin checked: a minute ago

•Source:NWMLS as Distributed by MLS Grid #2537959

Payment calculator

$5,400 per month

Principal and interest$4,581

Property taxes

$758

HOA dues

Home insurance

$61

Utilities

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Affordability tools

See this home in person

This home is unavailable to tour on this day.

Next available date: Monday, October 12

Open houses

No upcoming open houses.

Nearby open houses (10)

OPEN OCT 12, 10:30AM TO 5:30PM3D WALKTHROUGH
$549,990
4 beds2.5 baths2,090 sq ft
8718 62nd Ct SE, Olympia, WA 98513
Julie Patel • BMC Realty Advisors, Inc
OPEN OCT 12, 11AM TO 5PM
$717,250
5 beds3 baths3,042 sq ft
1116 68th Loop SE #7, Tumwater, WA 98501
VonKarl Inman • eXp Realty
OPEN OCT 12, 4PM TO 6PM3D WALKTHROUGH
$600,000
4 beds2 baths2,822 sq ft
406 3rd Ave SW, Tumwater, WA 98512
Phil Harlan • Keller Williams South Sound
OPEN OCT 14, 1PM TO 3:30PM3D WALKTHROUGH
$475,000
3 beds2 baths1,337 sq ft
8616 35th Ct SE, Lacey, WA 98503
Kelly Barron • PCS Home Group
REDFIN OPEN OCT 17, 11AM TO 1PM3D WALKTHROUGH
$545,000
3 beds2.5 baths2,604 sq ft
2233 Mill St NE, Olympia, WA 98506
Redfin
REDFIN OPEN OCT 17, 11AM TO 1PM3D WALKTHROUGH
$565,000
3 beds2.5 baths2,223 sq ft
939 Vine Maple St SE, Olympia, WA 98503
Redfin
REDFIN OPEN OCT 17, 11AM TO 1PM3D WALKTHROUGH
$775,000
3 beds3.5 baths3,385 sq ft
3907 Cameron Dr NE, Lacey, WA 98516
Redfin
OPEN OCT 17, 12PM TO 3PM
$179,900
2 beds2 baths1,248 sq ft
1111 Archwood Dr SW #500, Olympia, WA 98502
Brandon Judy • Commonwealth Real Estate Serv.
REDFIN OPEN OCT 17, 2PM TO 4PM3D WALKTHROUGH
$1,025,000
4 beds3 baths3,369 sq ft
4612 Skylark St NE, Lacey, WA 98516
Redfin
REDFIN OPEN OCT 17, 2PM TO 4PM3D WALKTHROUGH
$430,000
3 beds1 bath1,196 sq ft
301 O St SE, Tumwater, WA 98501
Redfin

Around this home

Schools

K - 12
Preschool & daycare

Julia Butler Hansen Elementary School

Public PreK-5 • Assigned • 2.5mi

5/10

Thurgood Marshall Middle School

Public 6-8 • Assigned • 2.4mi

7/10

Provided by GreatSchools

About South

Westside

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

1614 Decatur St SW · $819,000

Strong offer

$826K and above

75% chance or better to win

Why $826K+ is a strong offer

SALE-TO-LIST

Most homes are selling 3% below list price.

LIST PRICE

Median list price in this area is $569,361. (30% lower than this home)

About offer insights

Property details

Interior
Exterior
Finance

Interior features
Vinyl and carpet flooring

Bedrooms
Each unit has 3 bedrooms

Bathrooms
Each unit has 3 bathrooms

Kitchen
Range/oven
Refrigerator
Dishwasher

Laundry & utility
Washer and dryer in each unit

Flooring
Vinyl
Carpet

Heating & cooling
Forced air heating
Heat pump for heating and cooling

Sale and tax history for 1614 Decatur St SW

Sale History
Tax History

Public record

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

—

Year renovated

—

Finished Sq. Ft.

—

Unfinished Sq. Ft.

—

Total Sq. Ft.

—

Year built

—

Style

Multi-Family (2-4 Unit)

County

Thurston County

APN

38703303000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jun 12, 2026.

Historical weather

Olympia, WA • 98502

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

28/ 100

Low sunlight

Sunscore

There appears to be significant shading by surrounding buildings, terrain, and vegetation.

3.7 hrs

0.4 hr

JuneDecember

Provided by Shadowmap

Redfin Estimate for 1614 Decatur St SW

We cannot show automated home-value estimates for this home.

Nearby homes have recently sold between $489,000 and $724,000.

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $489K to $724K.

SOLD OCT 1, 2026
$615,000 Last sold price
6 beds4 baths2,607 sq ft
819 Midway Ave NW, Olympia, WA 98502
$40/sq ft
102 years older
basement
SOLD OCT 14, 2025
$565,000 Last sold price
4 beds2.5 baths2,209 sq ft
2004 15th Ave SW, Olympia, WA 98502
$20/sq ft
26 years older
SOLD APR 6, 2026
$489,000 Last sold price
3 beds2.5 baths1,678 sq ft
1606 11th Ave SW, Olympia, WA 98502
$15/sq ft
smaller lot
21 years older
BOUGHT WITH REDFIN MAR 20, 2026
$695,000 Last sold price
5 beds3 baths3,447 sq ft
2117 Adams St SE, Olympia, WA 98501
$74/sq ft
larger lot
106 years older
BOUGHT WITH REDFIN NOV 26, 2025
$724,000 Last sold price
6 beds5 baths2,576 sq ft
2413 Conger Ave NW Unit A & B, Olympia, WA 98101
$5/sq ft
25 years older
SOLD JAN 28, 2026
$626,000 Last sold price
3 beds1 bath1,672 sq ft
101 Rogers St NW, Olympia, WA 98502
$98/sq ft
122 years older

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Early Access listings

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EARLY ACCESSREDFIN COMING SOON

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Kjell Lindberg • Windermere RE/Lake Tapps, Inc

FOR SALE BY OWNER

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New listings for sale in 98502

$414,700

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Dan Sweeney • RE/MAX Parkside Affiliates

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Kayla Smith • Better Brokers

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Carlee Hjelm • Olympic Sotheby's Int'l Realty

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Nate Burgher • Virgil Adams Real Estate, Inc.

OPEN OCT 17, 12PM TO 3PM

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1111 Archwood Dr SW #500, Olympia, WA 98502

Brandon Judy • Commonwealth Real Estate Serv.

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Brandon Judy • Commonwealth Real Estate Serv.

$515,000

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HENRY Nguyen • Better Properties Hometown

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ANDREA Peters • Windermere Real Estate Olympia

Details provided by NWMLS as Distributed by MLS Grid and may not match the public record. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Payment calculator

Affordability tools

See this home in person

Nearby open houses (10)

Around this home

Schools

Offer insights

Property details

Sale and tax history for 1614 Decatur St SW

Public record

Historical weather

Sun exposure

Redfin Estimate for 1614 Decatur St SW

Early Access listings

Nearby similar homes

New listings for sale in 98502

More real estate resources