Search
Newly Built Duplex Portfolio
For Sale
$1,625,000

1620 Decatur St Sw, Olympia, WA 98502

Two new duplex buildings offer modern construction in a private, no-through street setting.

Property SizeContact for details
Days on Market39

Property Features for 1620 Decatur St Sw

General Information

Standard status Active
Property subtype Residential Income

Additional Details

Multifamily Units 4

Building Details

Buildings 2
Listing Agency: Capitol Real Estate LLC
Listed By: Justin W Hjelm
Source: Exprealty
Added: Jul 2 Changed: Aug 9 Last Checked: Aug 9 at 5:22AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Capitol Real Estate LLC

Investment Insights

Based on property information with market context.

This offering includes two newly constructed duplex buildings at 1620 Decatur St SW in Olympia, Washington. The properties feature modern construction and are positioned for ownership with limited near-term capital expenditure concerns based on their new condition.

The buildings sit at the end of a private dead-end street in West Olympia, providing a quieter residential setting. The location is described as convenient to major employers, shopping, schools, and commuter routes. The property may also suit an owner completing a 1031 exchange, as identified in the offering information.

Key Highlights

  • Two brand‑new duplex buildings
  • Modern construction designed for low‑maintenance ownership
  • Located at the end of a private dead‑end street

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Pet Grooming Service Florist Grocery & Convenience Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

693
Businesses Nearby

Demographics for 98502, WA

35,698
Population
15,550
Households
2.3
Avg Household Size
41
Median Age
52%
College-Educated
97%
High-School Grad
63.4 sq mi
ZIP Area
563
Density / Sq Mi
$87,154
Median Household Income
$46,404
Median Earnings
$1,569
Median Rent
$496,500
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Duplex - Two new duplex buildings offer modern construction in a private, no-through street setting.
Where is this duplex located?
The property is located at 1620 Decatur St Sw Olympia, WA.
What is the asking price?
The asking price for this property is $1,625,000.
What are key features of this property?
This property features: Two brand‑new duplex buildings; Modern construction designed for low‑maintenance ownership; Located at the end of a private dead‑end street
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message