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$487,777 Just Listed
Property Description
Turnkey rental income with immediate cash flow: Well maintained Olympia duplex offering an opportunity for investors, owner-occupants or multi-generational living. Conveniently located near Capital Mall, Evergreen State College, schools, grocery stores, restaurants, medical services, and major commuter routes. Bus stop located nearby for easy transit access. Situated on a 0.25-acre corner lot, each unit enjoys private living spaces, classic charm, separate fenced yard areas, lots of dedicated parking, washer and dryer, and outdoor space for gardening, pets, or recreation. Unit A features 2 bedrooms and 1 bathroom, while Unit B offers 1 bedroom plus bonus room/office, high ceilings and 1 bathroom, creating flexibility for a variety of tenants or owner-occupant needs. Floorplan available in photos. Fresh landscaping and ongoing owner maintenance have kept these units hassle-free. Positioned in Olympia's westside with convenient access to downtown Olympia, Highway 101, I-5 connections, military base JBLM, parks, shopping, and employment centers. This area has consistent rental demand due to nearby colleges, government employment, healthcare facilities, and regional employers. Add this well-located duplex to your investment portfolio or offset housing costs by occupying one unit while generating rental income from the other. Buyer to verify all.
Full Property Details
Full Property Details for 1954 Division St NW
General
- Price: $487,777
- Taxes: $4,792 (2026)
- Status: Active
- Type: Multi-Family
- Source: NWMLS
- MLS ID: 2554345
- Updated: 7/17/2026
- Added to Site: 1 day(s) ago
Interior
- Flooring: Ceramic Tile, Laminate, Vinyl, Carpet
Additional Information
- Amenities: Fenced-Fully
- Security/Safety: Fully Fenced
Parking
- Uncovered Spaces: 6
Location
- Area: 444 - Olympia Westside
- County: Thurston
- Subdivision: Olympia
- Driving Directions: GPS is accurate: Harrison Ave NW to Black Lake Blvd SW north, which becomes Division St NW. Duplex is on the right at the corner of Division St NW & Elliott Ave NW.
School Information
- High School District: Olympia
- Elementary School: Leland P Brown Elem
- Middle School: Jefferson Mid
- High School: Capital High
Heating & Cooling
- Cooling Type: None
- Heating Type: Stove/Free Standing, Wall Furnace
Utilities
- Sewer: Sewer Connected
- Water: Public
Structural Information
- Structure Type: Duplex
- Exterior Const.: Wood Products
- Foundation: Poured Concrete
- Roof: Composition
- Stories in Building: 1
- Square Feet: 1,608
- Year Built: 1925
- Property Condition: Good
Unit Information
- Units in Building: 2
Lot Features
- Property View: Territorial
- Lot Size (Acres): 0.2479
- Lot Size (Sq. Ft.): 10,797
- Lot Size Source: Tax Records
- Lot Features: Corner Lot, Paved
- Zoning: Residential
Green Features
- Energy Efficient: Thermal Windows
Financial Considerations
- Tax Amount: $4,792
- Tax Year: 2026
- Terms: Cash, Conventional, FHA, State Bond, VA Loan
Disclosures and Reports
- Special Conditions: None
- Property ID: 66800009802
Listed by Jesse Savage | Paramount Real Estate Group | (360) 874-0500
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Schools
Schools serving 1954 Division St NW
School District:Olympia School District
| Name | Grades | Distance |
|---|---|---|
Leland P Brown Elementary School 2000 26th Avenue Northwest, Olympia, WA 98502 | PK-5 | 0.6 mi |
Olympia Regional Learning Academy B 2400 15th Avenue Southeast, Olympia, WA 98501 | K-5 | 3.3 mi |
Jefferson Middle School, Olympia, WA 2200 Conger Avenue Northwest, Olympia, WA 98502 | 6-8 | 0.7 mi |
Capital High School 2707 Conger Avenue Northwest, Olympia, WA 98502 | 9-12 | 0.9 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 1954 Division St NW
Date
Details
Price
Change
Source
7/17/2026
Listed
$487,777
142.68%
MLS
4/13/2015
Sold
$201,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1954 Division St NW
Year
Property Taxes
Change
Tax Assessment
Change
2026
$11
-100%
$453,700
4%
2025
$4,561
43%
$435,000
56%
2021
$3,182
-6%
$278,400
-18%
2023
$3,371
6%
$337,600
37%
2021
$3,182
-1%
$246,200
1%
2020
$3,219
20%
$243,000
12%
2019
$2,674
-2%
$217,300
7%
2018
$2,736
21%
$203,000
12%
2017
$2,266
33%
$181,050
29%
2016
$1,705
6%
$140,100
9%
2015
$1,610
-1%
$128,350
2%
2014
$1,619
—
$126,250
—
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 1954 Division St NW
1954 Division Street NW, Olympia, WA 98502 (MLS# 2554345) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 1954 Division Street NW is currently listed for $487,777 and was received on July 17, 2026. Want to learn more about 1954 Division Street NW? Do you have questions about finding other Multi-Family real estate for sale in Downtown Olympia? You can browse all Downtown Olympia real estate or contact a Coldwell Banker agent to request more information.
