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    Olympia, WA
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    Olympia, WA Multifamily Properties for Sale

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    Tumwater, WA Lacey, WA Tenino, WA Shelton, WA Anderson Island, WA Longbranch, WA Yelm, WA Kamilche, WA
    Iconic Tavern with Apartments Above
    Updated: Nov 28, 2025
    Iconic Tavern with Apartments Above

    210 4th Ave E, Olympia, WA

    $1,825,000
    10,800 sqft 0.12 AC lot
    Established tavern with potential to revive as a live music and dancing venue.
    Includes a large bar and commercial kitchen.
    Features 12 apartments above the tavern, providing rental income.
    Rental income ranges from $650 to $1400 per apartment.
    Offers a covered alley space.
    View details
    Olympia Multifamily Development Opportunity
    Updated: Aug 14, 2025
    Olympia Multifamily Development Opportunity

    2005 End St, Olympia, WA 98502

    $1,300,000
    132,422 sqft
    Zoned RM‑18 allows for multifamily development.
    Potential for up to 48 residential units (buyer to verify).
    Premier investment opportunity in Olympia’s desirable Goldcrest/Burbank neighborhood.
    Maximum density of 18 dwelling units per acre.
    Preliminary site plans available.
    View details
    Well-Maintained Duplex in Tumwater Neighborhood
    Well-Maintained Duplex in Tumwater Neighborhood

    261 65th Court SW #263, Olympia, WA 98501

    $510,000
    0.21 AC lot

    Duplex with two units, garages, fenced yards, great location.

    View details
    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 3 Active listings in Olympia, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 69 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Residential Income Property
    Residential Income Property

    6146 Waldrick Road Southeast, Tenino, WA 98589

    $959,000
    4,808 sqft

    For-sale residential income multifamily property at 6146 Waldrick Road Southeast in Tenino, WA.

    View details
    Mixed-Use Downtown Multifamily with Retail
    Mixed-Use Downtown Multifamily with Retail

    101 1ST, Shelton, WA 98584

    $4,350,000
    21,879 sqft

    28 studios, 10 one-bedroom apartments, and four retail spaces, with dedicated parking and skybridge access between buildings.

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    Mountain View Park Investment Opportunity
    Mountain View Park Investment Opportunity

    1907 Olympic Highway N, Shelton, WA 98584

    $1,599,900

    Income-generating property with significant upside potential in Shelton, WA.

    View details
    Turnkey Mobile Home Park Investment
    Turnkey Mobile Home Park Investment

    1098 Old Highway 99, Tenino, WA 98589

    $745,000

    Well-maintained mobile home park with immediate income and growth potential.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Lexington Westside Highway RV Resort
    Lexington Westside Highway RV Resort

    1820 West Side Hwy, Kelso, WA 98626

    Contact for pricing
    20.00 AC lot

    Proposed 184-space RV resort with river access in Lexington.

    View details
    RV-Ready Lot Near Pacific Ocean
    RV-Ready Lot Near Pacific Ocean

    33702 G Street, Ocean Park, WA 98640

    $109,000

    RV-ready lot with canal frontage near the Pacific Ocean.

    View details
    Sequim Land with Panoramic Views
    Sequim Land with Panoramic Views

    463 Miller Road, Sequim, WA 98382

    $1,199,000
    9.90 AC lot

    9.9 acres with saltwater, mountain, and city views.

    View details
    Vernonia Land with Development Potential
    Vernonia Land with Development Potential

    Cougar St, Vernonia, OR 97064

    $899,000
    10.43 AC lot

    10.43 acres in Vernonia, OR, ideal for residential development.

    View details

    Off-Market Properties in Olympia, WA

    Consider similar Off-Market properties in Olympia, WA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    606 Lilly NE Rd
    APARTMENT HOUSE (5+ UNITS)

    606 Lilly NE Rd, Olympia, WA 98506-5123

    $1,410,000
    Estimated value
    7,912 sqft 7.45 AC lot
    View details
    515 Courtside SW St
    APARTMENT HOUSE (5+ UNITS)

    515 Courtside SW St, Olympia, WA 98502-8708

    $1,565,000
    Estimated value
    8,928 sqft 9.25 AC lot
    View details
    8530 Steilacoom SE Rd
    MOBILE HOME PARK, TRAILER PARK

    8530 Steilacoom SE Rd, Olympia, WA 98513-1775

    Value Estimation by Request
    39.55 AC lot
    View details
    1301 Alonda NE Ln
    MOBILE HOME PARK, TRAILER PARK

    1301 Alonda NE Ln, Olympia, WA 98516-3742

    $1,760,000
    Estimated value
    3,476 sqft 23.76 AC lot
    View details
    311 Trailblazer SE St
    APARTMENT HOUSE (5+ UNITS)

    311 Trailblazer SE St, Olympia, WA 98503-1611

    $2,260,000
    Estimated value
    3,200 sqft 0.52 AC lot
    View details
    1309 Fern SW St
    APARTMENT HOUSE (5+ UNITS)

    1309 Fern SW St, Olympia, WA 98502-1102

    Value Estimation by Request
    5,766 sqft 2.87 AC lot
    View details
    1309 Fern SW St
    APARTMENT HOUSE (5+ UNITS)

    1309 Fern SW St, Olympia, WA 98502-1102

    Value Estimation by Request
    2,324 sqft 2.41 AC lot
    View details
    1212 Willow SE St, Unit F
    APARTMENT HOUSE (5+ UNITS)

    1212 Willow SE St, Olympia, WA 98503-2363

    Unit F
    Value Estimation by Request
    789 sqft 0.59 AC lot
    View details
    316 Choker SE St
    APARTMENT HOUSE (5+ UNITS)

    316 Choker SE St, Olympia, WA 98503-1501

    $1,995,000
    Estimated value
    10,148 sqft 0.64 AC lot
    View details
    915 Capitol S Way
    APARTMENT HOUSE (5+ UNITS)

    915 Capitol S Way, Olympia, WA 98501-1231

    $1,810,000
    Estimated value
    19,783 sqft 0.34 AC lot
    View details
    110 10th SW Ave
    APARTMENT HOUSE (5+ UNITS)

    110 10th SW Ave, Olympia, WA 98501-1223

    $1,790,000
    Estimated value
    3,894 sqft 0.06 AC lot
    View details
    818 Burr SE Rd
    MOBILE HOME PARK, TRAILER PARK

    818 Burr SE Rd, Olympia, WA 98501-2000

    $1,910,000
    Estimated value
    840 sqft 2.50 AC lot
    View details
    1420 Fones SE Rd
    APARTMENT HOUSE (5+ UNITS)

    1420 Fones SE Rd, Olympia, WA 98501-2734

    Value Estimation by Request
    1,326 sqft 1.36 AC lot
    View details
    510 Lilly SE Rd
    APARTMENT HOUSE (5+ UNITS)

    510 Lilly SE Rd, Olympia, WA 98501-2148

    $3,655,000
    Estimated value
    5,472 sqft 0.50 AC lot
    View details
    5615 Black Lk Belmore SW Rd
    MOBILE HOME PARK, TRAILER PARK

    5615 Black Lk Belmore SW Rd, Olympia, WA 98512-7055

    $770,000
    Estimated value
    736 sqft 3.48 AC lot
    View details
    161 Pattison NE St, Unit 3
    APARTMENT HOUSE (5+ UNITS)

    161 Pattison NE St, Olympia, WA 98506-4954

    Unit 3
    Value Estimation by Request
    3,816 sqft 0.45 AC lot
    View details
    10324 Delphi Rd Sw Trlr, Unit 30
    MOBILE HOME PARK, TRAILER PARK

    10324 Delphi Rd Sw Trlr, Olympia, WA 98512-9354

    Unit 30
    $1,640,000
    Estimated value
    192 sqft 7.84 AC lot
    View details
    1000 Fern SW St
    APARTMENT HOUSE (5+ UNITS)

    1000 Fern SW St, Olympia, WA 98502-6085

    Value Estimation by Request
    9,296 sqft 5.88 AC lot
    View details
    1819 Capitol S Way
    APARTMENT HOUSE (5+ UNITS)

    1819 Capitol S Way, Olympia, WA 98501-2861

    $835,000
    Estimated value
    4,916 sqft 0.15 AC lot
    View details
    1617 Fones SE Rd
    MOBILE HOME PARK, TRAILER PARK

    1617 Fones SE Rd, Olympia, WA 98501-2762

    Value Estimation by Request
    1,312 sqft 4.74 AC lot
    View details
    8525 Pacific SE Ave
    APARTMENT HOUSE (5+ UNITS)

    8525 Pacific SE Ave, Olympia, WA 98513

    $670,000
    Estimated value
    3,171 sqft 6.65 AC lot
    View details

    Olympia, WA Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Olympia, WA, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 143,222 square feet of properties for sale, with an estimated market value of $3,125,000.

    Sale prices for multifamily properties in Olympia, WA start at $1,300,000, averaging $1,562,500, and reaching up to $1,825,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 1
    Duplexes 1

    Demographics Overview

    Population 241K
    Population Growth (5Y) +8.3%
    Median Household Income $94,198
    College Educated 31.7%

    High-Yield Neighborhoods for Investment

    Identify Olympia submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    98501 $510K
    98502 $1.3M
    98506 $3.2M

    Taxes & Financing

    Tax Rate (average for all types) 0.90%
    Property Tax per SF $10.62 per SF
    Tax Rate vs County Average 0.01 pp above county avg
    Average Loan-to-Value 65.0%

    Property Size Breakdown

    The majority of commercial real estate listings in Olympia fall within the 10,000 to 25,000 square foot range.

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    Most Searched ZIP Codes in Olympia, WA

    • 98501
    • 98502

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