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Remodeled Duplex with Garages
For Sale
$659,000

503 Devoe St Ne, Olympia, WA 98501

Two established rental units include separate garages, with one residence extensively renovated for current occupancy.

Property SizeContact for details
Days on Market16

Property Features for 503 Devoe St Ne

General Information

Standard status Active
Property subtype Residential Income

Taxes and HOA fees

Annual Taxes $6,873
Listing Agency: Capitol Real Estate LLC
Listed By: Keenan French
Source: Exprealty
Added: Aug 11 Changed: Aug 22 Last Checked: Aug 25 at 11:35AM

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.

Built in 2011, this duplex contains two established rental residences: a three-bedroom, two-bath unit with a one-car garage and a two-bedroom, one-bath unit with its own one-car garage. The smaller residence has received extensive interior work, including LVP flooring, quartz countertops, kitchen cabinetry, appliances, doors, millwork, trim, and fresh paint.

The property sits on a nearly half-acre lot in Olympia’s Eastside UGA, just outside the city limits. Its setting offers access to Eastside amenities within walking distance while retaining a rural residential character. The site also carries stated potential for an additional duplex, which could bring the total to four units, subject to applicable approvals. Olympia schools serve the property.

Key Highlights

  • 2011‑built duplex with two established rental units
  • 3‑bedroom, 2‑bath residence with a 1‑car garage
  • 2‑bedroom, 1‑bath residence with a 1‑car garage

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Parking Lot & Garage Electrical Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store Big Box & Wholesale 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.

Location Intelligence

Trade Area within ½ mile

579
Businesses Nearby

Demographics for 98501, WA

45,274
Population
19,969
Households
2.3
Avg Household Size
40
Median Age
48%
College-Educated
97%
High-School Grad
34.9 sq mi
ZIP Area
1,297
Density / Sq Mi
$95,695
Median Household Income
$55,909
Median Earnings
$1,600
Median Rent
$485,200
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two established rental units include separate garages, with one residence extensively renovated for current occupancy.
Where is this duplex located?
The property is located at 503 Devoe St Ne Olympia, WA.
What is the asking price?
The asking price for this property is $659,000.
What are key features of this property?
This property features: 2011‑built duplex with two established rental units; 3‑bedroom, 2‑bath residence with a 1‑car garage; 2‑bedroom, 1‑bath residence with a 1‑car garage
More about this property
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