Date
Details
Price
Change
Source
7/02/2026
Listed
$1,625,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
No photo available
$1,625,000 Just Listed
Property Description
Exceptional opportunity to acquire 2 brand-new duplexes in highly desirable West Olympia. Built for long-term, low-maintenance ownership, these turnkey investment properties offer modern construction with minimal capital expenditure concerns for years to come. Located in a strong rental market characterized by high demand, low vacancy rates, and attractive rental income potential, these duplexes are well-positioned for consistent cash flow and long-term appreciation. Situated at the end of a private dead-end street, the properties offer a quiet setting that appeals to quality tenants while remaining conveniently close to major employers, shopping, schools, and commuter routes. Whether you're looking to expand your portfolio or complete a 1031 exchange, this is a rare opportunity to invest in newly constructed multifamily assets in one of Olympia's most sought-after rental locations.
Full Property Details
Full Property Details for 1620 Decatur St SW
General
- Price: $1,625,000
- Status: Active
- Type: Multi-Family
- Source: NWMLS
- MLS ID: 2545999
- Updated: 7/2/2026
- Added to Site: 5 day(s) ago
Interior
- Flooring: Vinyl, Carpet
Parking
- Garage Spaces: 4
- Covered Spaces: 4
- Uncovered Spaces: 4
Location
- Area: 444 - Olympia Westside
- County: Thurston
- Subdivision: Westside
- Driving Directions: Black Lake Blvd, East on 9th, Right on Decatur St to property on the left.
School Information
- High School District: Olympia
- Elementary School: Hansen Elementary
- Middle School: Marshall Middle
- High School: Capital High
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Heat Pump
- Heating Type: Forced Air, Heat Pump
Utilities
- Sewer: Sewer Connected
- Water: Public
Structural Information
- Structure Type: Duplex
- Construction Status: Under Construction
- Exterior Const.: Cement Planked
- Foundation: Poured Concrete
- Roof: Composition
- Stories in Building: 2
- Square Feet: 5,928
- Year Built: 2026
- Property Condition: Under Construction
Unit Information
- Units in Building: 4
Lot Features
- Lot Size (Acres): 0.253
- Lot Size (Sq. Ft.): 11,022
- Lot Size Source: County
- Lot Features: Paved
Financial Considerations
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: None
- Property ID: 38703301000
Listed by Justin W Hjelm | Capitol Real Estate LLC | (360) 489-6439
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Schools
Schools serving 1620 Decatur St SW
School District:Olympia School District
| Name | Grades | Distance |
|---|---|---|
Julia Butler Hansen Elementary School 1919 Road 65 Northwest, Olympia, WA 98502 | K-5 | 2.5 mi |
Olympia Regional Learning Academy B 2400 15th Avenue Southeast, Olympia, WA 98501 | K-5 | 2.6 mi |
Thurgood Marshall Middle School 3939 20th Avenue Northwest, Olympia, WA 98502 | 6-8 | 2.4 mi |
Capital High School 2707 Conger Avenue Northwest, Olympia, WA 98502 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1620 Decatur St SW
Tax History
Tax History for 1620 Decatur St SW
Year
Property Taxes
Change
Tax Assessment
Change
2026
$11
-99%
$86,400
24%
2025
$736
154%
$69,900
151%
2024
$290
—
$27,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1620 Decatur St SW
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 2Total Baths
- 2,494Sq. Ft.
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
- Single Family
- Active
- Updated 6 days ago
- 3Beds
- 3Total Baths
- 2,082Sq. Ft.
Listed by Chiquel Lamonte Davis | eXp Realty
- Single Family
- Active
- Updated 6 days ago
- 4Beds
- 3Total Baths
- 2,436Sq. Ft.
Listed by Marti Baker | MVP Realty Group
- Condo
- Active
- Updated 6 days ago
- 3Beds
- 2Total Baths
- 1,862Sq. Ft.
Listed by Lee Tayebi | RE/MAX Eastside Brokers, Inc.
- Single Family
- Active
- Updated 5 days ago
- 4Beds
- 3Total Baths
- 2,568Sq. Ft.
Listed by Lorna Murray | RE/MAX Equity Group
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
- Single Family
- Closed
- 5Beds
- 5Total Baths
- 3,791Sq. Ft.
Listed by Abigail Mondau | BHGRE - Northwest Home Team
Sold by Madison Del Vigo | Coldwell Banker Evergreen
Sold by Madison Del Vigo | Coldwell Banker Evergreen
- Single Family
- Closed
- 3Beds
- 3Total Baths
- 3,424Sq. Ft.
Listed by Kathy I. Thompson | RE/MAX Northwest
Sold by Jodi Ashline | Coldwell Banker Evergreen
Sold by Jodi Ashline | Coldwell Banker Evergreen
- Single Family
- Closed
- 3Beds
- 4Total Baths
- 2,635Sq. Ft.
Listed by Jodi Ashline | Coldwell Banker Evergreen
Sold by Cynthia Ridenhour | Windermere Northwest Living
Sold by Cynthia Ridenhour | Windermere Northwest Living
- Single Family
- Closed
- 3Beds
- 4Total Baths
- 4,867Sq. Ft.
Listed by Ahtumn H Delacroix | Blue Summit Realty LLC
Sold by Becca Pitts | eXp Realty
Sold by Becca Pitts | eXp Realty
1620 Decatur Street SW, Olympia, WA 98502 (MLS# 2545999) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 1620 Decatur Street SW is currently listed for $1,625,000 and was received on July 02, 2026. Want to learn more about 1620 Decatur Street SW? Do you have questions about finding other Multi-Family real estate for sale in South Westside? You can browse all South Westside real estate or contact a Coldwell Banker agent to request more information.