1624 Decatur St SW

Olympia, WA 98502
  • $3,625,000

    Price
  • 24

    Bed
  • 24

    Bath
  • 11,856

    SqFt
  • 0.52

    Acre

About the Listing 10417 - 78402

Exceptional opportunity to acquire 4 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.

Listing Highlights for 1624 Decatur St SW

Status Active
Days on Site 98
Property Type Multi-Family
MLS ® 2552161
Year Built 2026
Total Square Footage 11,856
Lot/Acreage 0.52
County Thurston
Neighborhood Westside
School District Olympia
Elementary School Hansen Elementary
Middle School Marshall Middle
High School Capital High

Interior Details

  • Bedrooms: 24
  • Bathrooms: 24 Full
  • Appliances:
  • Air Cond: Heat Pump
  • Heating: Forced Air,Heat Pump
  • Fireplaces: 0
  • Floor: Vinyl,Carpet
  • Basement:
  • Other:
  • Water: City of Olympia

Exterior Details

  • Lot Description: Paved
  • Garage Capacity: 8 car
  • Parking Spaces: 16
  • Roof: Composition
  • Others: Cement Planked,Under Construction
  • Sewer: City of Olympia
  • Parking Features: Covered,4 or More Garage

Financial Details

  • Tax Amount: $21,250
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 38703301000
  • Tax Year: 2026

Payment Calculator

Monthly Payment

  • in Principal and Interest
  • in Taxes
Years
% Down Payment
% Mortgage Rate

Listing Location

Questions About..

1624 Decatur St SW Olympia, WA 98502

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Never Miss A New Property

Get notified any time there's a new home on the market in this neighborhood!

Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.

Originating MLS: nwmls

Agent profile image in chat bubble
Agent profile image in chat header

Adam Wenzel

| Wenzel Homes | Fathom Realty

Agent profile image in message

or another way