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$698,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 9 days ago

Listed by Keenan French | Olympic Sotheby's Int'l Realty | (360) 528-4160 and Gavin Kerner | Olympic Sotheby's Int'l Realty | (360) 528-4160

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Great investment opportunity to add to your portfolio, offering instant cash flow. Located on Eastside of Olympia in the UGA, just outside of city limits. New city of Olympia landlord/tenant laws do not apply. 2011 built duplex has a 2 bed, 2 bath + extra finished room unit & other unit is 2 bed, 1 bath (4bd septic), newly remodeled/updated: LVP flooring, quartz counters, all new millwork, trim, Kitchen cabinets, appliances, doors, & fresh paint. Both units have a 1 car garage. This duplex sits on a large lot, just under half acre, Zoned to build 2 duplex's. Investor could build 2nd duplex if they hooked up to sewer. With a 6.34% cap rate, great location, Olympia schools, & future development potential.

Full Property Details for 503 Devoe St NE

General

  • Price: $698,000
  • Taxes: $6,873 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2453507
  • Updated: 1/7/2026
  • Added to Site: 70 day(s) ago

Interior

  • Flooring: Vinyl Plank, Carpet

Additional Information

  • Amenities: Cable TV, Deck, High Speed Internet, Patio

Parking

  • Covered Spaces: 2
  • Uncovered Spaces: 4

Location

  • Area: 447 - Olympia North
  • County: Thurston
  • Subdivision: Eastside Olympia
  • Driving Directions: From I-5 head west on Pacific Ave, Right on Devoe St, cross Martin Way, home will be on the left.

School Information

  • High School District: Olympia
  • Elementary School: Roosevelt Elementary
  • Middle School: Reeves Mid
  • High School: Olympia High

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Forced Air

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Duplex
  • Exterior Const.: Cement Planked
  • Foundation: Poured Concrete
  • Roof: Composition
  • Stories in Building: 2
  • Square Feet: 2,422
  • Year Built: 2011

Unit Information

  • Units in Building: 2

Lot Features

  • Lot Size (Acres): 0.4418
  • Lot Size (Sq. Ft.): 19,243
  • Lot Size Source: County
  • Lot Features: Dead End Street, Paved
  • Zoning: Multi-Family, Residential

Financial Considerations

  • Tax Amount: $6,873
  • Tax Year: 2025
  • Terms: Cash Out, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 34201100203

Listed by Keenan French | Olympic Sotheby's Int'l Realty | (360) 528-4160 and Gavin Kerner | Olympic Sotheby's Int'l Realty | (360) 528-4160

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Schools serving 503 Devoe St NE

School District:Olympia School District
NameGradesDistance
Roosevelt Elementary School, Olympia, WA
1417 San Francisco Avenue Northeast, Olympia, WA 98506
K-51.2 mi
Reeves Middle School
2200 Quince Street Northeast, Olympia, WA 98506
6-81.7 mi
Olympia High School
1302 North Street Southeast, Olympia, WA 98501
9-122.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 503 Devoe St NE Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/07/2026
Price Reduced
$698,000
-2.38%
MLS
11/07/2025
Listed
$715,000
—
MLS
Get Price Alerts and Save Property
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 for 503 Devoe St NE

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,873
17%
$655,600
31%
2021
$5,873
3%
$500,300
-12%
2023
$5,705
-3%
$570,100
24%
2021
$5,873
-1%
$458,400
1%
2020
$5,922
23%
$451,900
15%
2019
$4,803
3%
$393,300
14%
2018
$4,678
-3%
$345,000
-7%
2017
$4,827
31%
$369,850
32%
2016
$3,697
-6%
$280,850
-3%
2015
$3,920
6%
$289,900
7%
2014
$3,690
—
$269,700
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Keenan French | Olympic Sotheby's Int'l Realty | (360) 528-4160 and Gavin Kerner | Olympic Sotheby's Int'l Realty | (360) 528-4160

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503 Devoe Street NE, Olympia, WA 98506 (MLS# 2453507) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 503 Devoe Street NE is currently listed for $698,000 and was received on November 07, 2025. Want to learn more about 503 Devoe Street NE? Do you have questions about finding other Multi-Family real estate for sale in Olympia? You can browse all Olympia real estate or contact a Coldwell Banker agent to request more information.

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