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    Olympia, WA
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    Olympia, WA Multifamily Properties for Sale

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    Tumwater, WA Lacey, WA Shelton, WA
    6 results
    Well-Maintained Duplex in Tumwater Neighborhood
    $510,000
    0.21 Acres

    Well-Maintained Duplex in Tumwater Neighborhood

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

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

    • Well‑maintained duplex ideal for owner‑occupants or investors.
    • Two mirror‑image units, each with 2 bedrooms and 1 bathroom.
    • Located in a desirable Tumwater neighborhood in a quiet cul de sac with easy access to schools, shopping and I‑5.
    • Each unit has a separately solid fenced yard.
    • Each unit includes an attached one‑car garage.
    Updated: Sep 25, 2025
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    Iconic Tavern with Apartments Above
    $1,825,000
    10,800 SF

    Iconic Tavern with Apartments Above

    210 4th Ave E, Olympia, WA

    Tavern with commercial kitchen and 12 apartments above.

    • 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.
    Updated: Nov 28, 2025
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    Historic Olympia Mixed-Use Investment
    $5,650,000
    10,454 SF

    Historic Olympia Mixed-Use Investment

    Mixed-use property with residential and retail in Olympia's Historic District.

    410 Franklin St SE, Olympia, WA 98501
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    Olympia Multifamily Development Opportunity
    $1,300,000
    132,422 SF

    Olympia Multifamily Development Opportunity

    Investment opportunity in Olympia's Goldcrest/Burbank neighborhood.

    2005 End St, Olympia, WA 98502
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    Olympia Multifamily Investment Opportunity
    $4,900,000
    26,136 SF

    Olympia Multifamily Investment Opportunity

    27-unit apartment building in thriving Olympia, WA, with strong cap rates.

    210 Bethel St NE, Olympia, WA 98506
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    Olympia Mobile Home Park Investment
    $1,550,000
    0.75 Acres

    Olympia Mobile Home Park Investment

    Fully occupied mobile home park with high cap rate.

    334 Devoe Street NE, Olympia, WA 98506
    View details
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 6 Active listings in Olympia, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 66 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.

    Shelton Multifamily Investment Opportunity
    $1,460,000
    3,900 SF

    Shelton Multifamily Investment Opportunity

    Two well-maintained 4-plexes with income potential in a prime location.

    1125 13th St, Shelton, WA 98584
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    Lakewood Multifamily Property for Sale
    Contact for pricing
    79,453 SF

    Lakewood Multifamily Property for Sale

    Multifamily property in Lakewood, WA with significant square footage.

    7907 Washington Blvd SW, Lakewood, WA 98498
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    Lakewood Multifamily Investment Opportunity
    $1,025,000
    3,080 SF

    Lakewood Multifamily Investment Opportunity

    Eight-unit multifamily property near American Lake boat launch.

    15107 Boat St SW, Lakewood, WA 98498
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    Shelton Mixed-Use Investment Opportunity
    $4,500,000
    21,879 SF

    Shelton Mixed-Use Investment Opportunity

    Mixed-use property in downtown Shelton with apartments and retail spaces.

    101 S 1st St, Shelton, WA 98584
    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.

    Centralia Commercial Land with Income
    $500,000
    6.50 Acres

    Centralia Commercial Land with Income

    6.5+ acre commercial land with income and development potential.

    1535 S Gold Street, Centralia, WA 98531
    View details
    Recreational Land Near Mount Rainier
    $80,000

    Recreational Land Near Mount Rainier

    Recreational land with RV hookups near Mount Rainier National Park.

    55912 317th Avenue E, Ashford, WA 98304
    View details
    Land Ready for Development
    $39,000
    0.30 Acres

    Land Ready for Development

    13,000 sq ft lot near state land in Raymond, WA.

    1420 Raymond-South Bend Rd, Raymond, WA 98577
    View details
    Lexington Westside Highway RV Resort
    Contact for pricing
    20.00 Acres

    Lexington Westside Highway RV Resort

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

    1820 West Side Hwy, Kelso, WA 98626
    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)
    7,912 SF Lot: 7.45 Acres
    Estimated value
    $1,410,000

    606 Lilly NE Rd, Olympia, WA 98506-5123

    View details
    515 Courtside SW St
    APARTMENT HOUSE (5+ UNITS)
    8,928 SF Lot: 9.25 Acres
    Estimated value
    $1,565,000

    515 Courtside SW St, Olympia, WA 98502-8708

    View details
    8530 Steilacoom SE Rd
    MOBILE HOME PARK, TRAILER PARK
    Lot: 39.55 Acres
    Value Estimation by Request

    8530 Steilacoom SE Rd, Olympia, WA 98513-1775

    View details
    1301 Alonda NE Ln
    MOBILE HOME PARK, TRAILER PARK
    3,476 SF Lot: 23.76 Acres
    Estimated value
    $1,760,000

    1301 Alonda NE Ln, Olympia, WA 98516-3742

    View details
    311 Trailblazer SE St
    APARTMENT HOUSE (5+ UNITS)
    3,200 SF Lot: 0.52 Acres
    Estimated value
    $2,260,000

    311 Trailblazer SE St, Olympia, WA 98503-1611

    View details
    1309 Fern SW St
    APARTMENT HOUSE (5+ UNITS)
    5,766 SF Lot: 2.87 Acres
    Value Estimation by Request

    1309 Fern SW St, Olympia, WA 98502-1102

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    1309 Fern SW St
    APARTMENT HOUSE (5+ UNITS)
    2,324 SF Lot: 2.41 Acres
    Value Estimation by Request

    1309 Fern SW St, Olympia, WA 98502-1102

    View details
    1212 Willow SE St, Unit F
    APARTMENT HOUSE (5+ UNITS)
    789 SF Lot: 0.59 Acres
    Value Estimation by Request
    Unit F

    1212 Willow SE St, Olympia, WA 98503-2363

    View details
    316 Choker SE St
    APARTMENT HOUSE (5+ UNITS)
    10,148 SF Lot: 0.64 Acres
    Estimated value
    $1,995,000

    316 Choker SE St, Olympia, WA 98503-1501

    View details
    915 Capitol S Way
    APARTMENT HOUSE (5+ UNITS)
    19,783 SF Lot: 0.34 Acres
    Estimated value
    $1,810,000

    915 Capitol S Way, Olympia, WA 98501-1231

    View details
    110 10th SW Ave
    APARTMENT HOUSE (5+ UNITS)
    3,894 SF Lot: 0.06 Acres
    Estimated value
    $1,790,000

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

    View details
    818 Burr SE Rd
    MOBILE HOME PARK, TRAILER PARK
    840 SF Lot: 2.50 Acres
    Estimated value
    $1,910,000

    818 Burr SE Rd, Olympia, WA 98501-2000

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    1420 Fones SE Rd
    APARTMENT HOUSE (5+ UNITS)
    1,326 SF Lot: 1.36 Acres
    Value Estimation by Request

    1420 Fones SE Rd, Olympia, WA 98501-2734

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    510 Lilly SE Rd
    APARTMENT HOUSE (5+ UNITS)
    5,472 SF Lot: 0.50 Acres
    Estimated value
    $3,655,000

    510 Lilly SE Rd, Olympia, WA 98501-2148

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    5615 Black Lk Belmore SW Rd
    MOBILE HOME PARK, TRAILER PARK
    736 SF Lot: 3.48 Acres
    Estimated value
    $770,000

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

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    161 Pattison NE St, Unit 3
    APARTMENT HOUSE (5+ UNITS)
    3,816 SF Lot: 0.45 Acres
    Value Estimation by Request
    Unit 3

    161 Pattison NE St, Olympia, WA 98506-4954

    View details
    10324 Delphi Rd Sw Trlr, Unit 30
    MOBILE HOME PARK, TRAILER PARK
    192 SF Lot: 7.84 Acres
    Estimated value
    $1,640,000
    Unit 30

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

    View details
    1000 Fern SW St
    APARTMENT HOUSE (5+ UNITS)
    9,296 SF Lot: 5.88 Acres
    Value Estimation by Request

    1000 Fern SW St, Olympia, WA 98502-6085

    View details

    Olympia, WA Multifamily Properties Investment Opportunities Market Analysis

    Explore 72 multifamily properties for sale in Olympia, WA, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 179,812 square feet of properties for sale, with an estimated market value of $13,675,000.

    Sale prices for multifamily properties in Olympia, WA start at $1,300,000, averaging $3,418,750, and reaching up to $5,650,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
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    Top Commercial Asset Segments

    Apartment buildings 3
    Duplexes 1
    Mobile home & RV parks 1

    Property Size Breakdown

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

    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 median listing prices of real estate assets

    Neighborhood Average Price
    98502 $1.3M
    98501 $3.1M
    98506 $3.2M

    Taxes & Financing

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

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