Olympia, WA Multifamily Properties for Sale

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21 properties

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Updated: Jun 28, 2025

Downtown Mixed-Use Retail and Apartments

213 4TH, Olympia, WA 98501

$1,199,000

6,000 sqft

Mixed‑use building built in 1908 with street retail and 7 apartments
Street retail space totals 6,000 SF with a bar and commercial kitchen
Separate entrances for the upper‑floor apartments
Streetside frontage with signage
Upper floors feature tall ceilings

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This listing looks promising.

Here's a quick look at some key insights for

213 4TH, Olympia, WA 98501

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Est. Cap Rate

6.3%
Above avg (5.9%)
Est. NOI

$75K
Annual
Price @ 7% Cap

$1.07M
Suggested
Property Type

Restaurant
Built 1908

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Updated: Aug 9

Duplex Townhome with Attached Garage

1418 Mamook Ct NE, Olympia, WA 98516

$574,900

2,280 sqft

Duplex townhome configuration with 2,280 square feet
Built in 1983
Open living and dining arrangement with large windows
Wood‑burning fireplace in the living room
Private patio and yard area

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Updated Duplex with Individual Garages

2015 2017 8th Ct SW, Olympia, WA 98502

$595,000

1,862 sqft

Two refreshed units offer private outdoor areas and heat-pump heating and cooling.

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Multifamily Property with Leased Parking

906 908 Adams Street SE, Olympia, WA 98501

$998,000

4,776 sqft

Two residential buildings share a parcel with leased parking and flexible month-to-month tenancy.

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Side-by-Side Duplex

1512 1514 Fones Rd SE, Olympia, WA 98501

$449,400

1,406 sqft

Two-unit property with separate carports, additional parking, and convenient access to shopping, transit, and nearby freeways.

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Newly Built Duplex Portfolio

1620 Decatur, Olympia, WA 98502

$1,625,000

5,928 sqft

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

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Newly Built Duplexes

1610 Decatur St SW, Olympia, WA 98502

$819,000

2,964 sqft

Two-unit residential income property completed in 2026 on a private dead-end street in Olympia.

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Multi-Family

521 & 523 Boulevard Rd SE, Olympia, WA 98501

$549,000

1,608 sqft

Duplexes · 1,608 SF

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Single-Story Duplex with Updates

4416 Ridgewood Court Nw A & B, Olympia, WA 98502

$484,000

1,808 sqft 0.33 AC lot

One residence is occupied while the second is vacant for an owner-occupant or new tenancy.

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Occupied Duplex with Garages

4424 NW Ridgewood Court A & B, Olympia, WA 98502

$470,000

1,860 sqft

Two residential units provide private living areas, galley kitchens, laundry hookups, and access to guest parking.

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Waterfront Duplex with Views

330 E Bay Dr NE, Olympia, WA 98506

$750,000

2,720 sqft

Three-story residential income property with separate entrances, private garages, balconies, and two-bedroom suites on each side.

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Olympia Multifamily Development Opportunity

2005 End St, Olympia, WA 98502

$1,300,000

132,422 sqft

Investment opportunity in Olympia's Goldcrest/Burbank neighborhood.

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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.

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Residential Development Land with Approved Plat

8623 Steilacoom Road Southeast, Olympia, WA 98513

Contact for pricing

55,757 sqft

Shovel-ready 7-lot short plat approval on acreage with an existing duplex and approved civil plans for utilities and site improvements.

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Remodeled Duplex with Garages

503 Devoe St Ne, Olympia, WA 98501

$659,000

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

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Iconic Tavern with Apartments Above

210 4TH, Olympia, WA 98501

$1,825,000

Tavern with commercial kitchen and 12 apartments above.

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Side-by-Side Duplex with Garages

A-b-7438 Mullen Rd Se, Olympia, WA 98503

$549,999

Two separately configured residences offer private outdoor space, in-unit laundry, and direct access to attached garages.

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Two-Space Short-Term Rental Property

214 Sherman St NW, Olympia, WA 98502

Contact for pricing

Building offers separate accommodations near Downtown Olympia.

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Fully Leased 11-Unit Transitional Housing

3532 Mary Elder Rd NE, Olympia, WA 98506

Contact for pricing

7,163 sqft

Triplex layout across three buildings with shared laundry and off-street parking on a nearly half-acre lot.

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Turnkey 40-Unit Apartment Complex

509 Old Pacific Hwy SE, Olympia, WA 98513

Contact for pricing

Fully rehabbed 40-unit complex with four buildings, updated roofs and windows, and ample tenant and guest parking.

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Olympia Multifamily Development Opportunity

2123 9th Ave SW, Olympia, WA 98502

$1,250,000

101,495 sqft

2.33+/- acres zoned RM-24 in desirable Westside neighborhood.

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Based on your search, we've compiled Potential Opportunities for your consideration. Besides 21 Active Listings in Olympia, WA, we suggest to view alternatives - similar 51 Off-Market properties to explore as potential leads.

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.

APARTMENT HOUSE (5+ UNITS)

606 Lilly NE Rd, Olympia, WA 98506-5123

$1,410,000

Estimated value

7,912 sqft 7.45 AC lot

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APARTMENT HOUSE (5+ UNITS)

515 Courtside SW St, Olympia, WA 98502-8708

$1,565,000

Estimated value

8,928 sqft 9.25 AC lot

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MOBILE HOME PARK, TRAILER PARK

8530 Steilacoom SE Rd, Olympia, WA 98513-1775

$395,000

Estimated value

39.55 AC lot

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Olympia, WA Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Olympia, WA, showcased through 21 active listings on our real estate platform. These investment opportunities span a total of 330,049 square feet of properties for sale, with an estimated market value of $14,607,299.

Sale prices for multifamily properties in Olympia, WA start at $449,400, averaging $859,252, 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

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

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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