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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
1614 Decatur St SW · $819,000
$823K and above
75% chance or better to win
Why $823K+ is a strong offer
DAYS ON MARKET
77 days
The average home goes pending in 62 days.
SALE-TO-LIST
96.2%
Most homes are selling 4% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Interior features
Vinyl and carpet flooring
Forced air heating with heat pump
Heat pump cooling
Bedrooms
Two units each with 3 bedrooms
Bathrooms
Two units each with 3 bathrooms
Kitchen
Each unit includes a range/oven
Each unit includes a refrigerator
Each unit includes a dishwasher
Laundry & utility
Each unit includes washer and dryer hookups/washer-dryer
Flooring
Vinyl
Carpet
Heating & cooling
Forced air heating
Heat pump (heating and cooling)
Exterior features
Cement-planked exterior
Paved lot
Home design
Duplex (residential income, multi-family)
Under construction — estimated completion September 30, 2026
Two stories
New construction
Parking
One covered space
One garage space
One uncovered space
Construction
Cement plank (fiber cement) siding
Composition roof
Poured concrete foundation
Under construction / new construction
Utilities
Electric service
Public water (City of Olympia)
Sewer connected (City of Olympia)
PSE power
Cable: Comcast/Infinity
Internet: Comcast/Infinity
Financial info
Listing terms: Cash or Conventional
Total building area: 2,964 square feet
Two residential units with combined monthly income of $5,490
Each unit currently rented for $2,745
Electricity and solar
View estimated energy costs and solar savings for this home