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503 Devoe Street Ne, 
Olympia, WA 98506

$715,000


Bed


Bath


2,422

Sq Ft


Multi-Family

Active

Listed by

Keenan French

Gavin Kerner

Olympic Sotheby'S Int'L Realty

Last updated:

November 29, 2025, 11:40 AM

MLS#

2453507

Source:

NWMLS

About This Home

503 Devoe Street Ne

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. This 2011 built duplex has 2-bedrooms, 2-bathrooms and an extra finished room being used as a 3rd bedroom and the other unit is 2-bedroom, 1-bathroom (4-bedroom septic), just completely remodeled/updated. Updates include LVP flooring, quartz counters, all new millwork, trim, Kitchen cabinets, appliances, doors, & fresh paint. Larger unit has 2 car garage, and other unit has 1 car garage. This duplex sits on a large lot, just under half acre, zoned to build 2 duplexes. Investor could build 2nd duplex if they hooked up to sewer. With a 6.34% cap rate, great location, Olympia schools, & future development potential.

Home Facts

Multi-Family

Built in 2011

Price Summary

715,000

$295 per Sq. Ft.

MLS #:

2453507

Last Updated:

November 29, 2025, 11:40 AM


Rooms & Interior

Interior

Living Area:

2,422 Sq. Ft.


Structure

Structure

Building Area:

2,422 Sq. Ft.

Year Built:

2011


Lot

Lot Size (Sq. Ft):

19,243


Finances & Disclosures

Finances

Price:

$715,000

Price per Sq. Ft:

$295 per Sq. Ft.

MLS Logo
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of December 7, 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2025 MLS GRID. All Rights Reserved.

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