1614 Decatur St SW

6
Baths
2,964 Sq. Ft.
$276 / Sq. Ft.
2,964
Sq. Ft.
$276
per Sq. Ft.

Description

Exceptional opportunity to acquire 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...Exceptional opportunity to acquire 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.
  1. Listed by Justin W Hjelm • Capitol Real Estate LLC
    P: (360)-489-6439 justinhjelm@capitolregroup.com

Property Details for 1614 Decatur Street Southwest

Community Name
Westside
School District
Olympia
Number of Assigned Spaces
2
Total Covered Parking
1
Entry Date
06-12-2026
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 06/12/2026 08:58 AM

Property Details for 1614 Decatur Street Southwest

StatusActive
MLS #2537959
Days on MarketListed Today
Cumulative Days on Market0
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built2026
Lot Size0.13 AC / 5,702 SF
CountyThurston County

Location

Listing Courtesy of Capitol Real Estate LLC
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Building Information for 1614 Decatur Street Southwest

Stories2Residences2Year Built2026Building Size-Lot Size0.13 AC / 5,702 SF

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Property Information for 1614 Decatur Street Southwest

Summary
Location and General Information
  • Style: 52 - Duplex
  • Area: 444 - Olympia Westside
  • Elementary School: Hansen Elementary
  • Middle Or Junior School: Marshall Middle
  • High School: Capital High
  • Directions: Black Lake Blvd, East on 9th, Right on Decatur St to property on the left.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Parking
  • Garage Spaces: 1.0
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking: No
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Vinyl, Carpet
  • New Construction: Under Construction
  • Cooling: Yes
  • Cooling: Heat Pump
  • Fireplace: No
  • Heating: Yes
  • Heating: Forced Air, Heat Pump
  • FIRPTA: No
Exterior Features
  • Exterior: Cement Planked
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Power Company: PSE
  • Sewer Company: City of Olympia
  • Water Company: City of Olympia
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: Yes
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Estimated Completion Date: 2026-09-30
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 3
Lot Information
  • Lot Details: Paved
  • Lot Size Source: County
  • Parcel Number Free Text: 38703303000
  • Building Condition: Under Construction
  • Calculated Square Footage: 2964
  • Structure Type: Duplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 2964.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Total Uncovered Parking: 1
  • Number of Stories in Building: 2
  • Number Of Units Total: 2
  • Units Below Grade: false
  • Units In Building Total: 2
Financing / Income and Expenses
  • Total Monthly Income: 5490
Unit 1
  • Name Unit 1: 1
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 1482
  • Rent Unit 1: $2,745.00
  • Bedrooms Unit 1: 3
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 3
Unit 2
  • Name Unit 2: 2
  • Washer/Dryer Unit 2: true
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 1482
  • Rent Unit 2: $2,745.00
  • Bedrooms Unit 2: 3
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 3
Rental
Rent Information
  • Occupant Type: Vacant
  • Leasable Area: 2964.0

Property History for 1614 Decatur Street Southwest

DateEvent & SourcePriceAppreciation
Jun 12, 2026

Listed (Active)

NWMLS #2537959

$819,000
DateEvent & SourcePrice
06/12/2026

Listed (Active)

NWMLS #2537959

$819,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1614 Decatur Street Southwest

Taxable ValueLand$85,700Additions-Total$85,700
Tax Record2026$11 ($1 / month)
Home Facts
Beds0Lot Size5,663 SqFtStyleMiscellaneous Vacant LandCountyTHURSTONAPN3870-33-03000

Schools near 1614 Decatur Street Southwest

This home is within Olympia School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Julia Butler Hansen Elementary School
PublicPK to 5

Thurgood Marshall Middle School
Public6 to 8

Avanti High School
Public9 to 12

Capital High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

1614 Decatur Street Southwest is a multi-family home for sale in Olympia, WA 98502. This property was listed for sale on June 12, 2026 by Capitol Real Estate LLC, it's currently listed at $819,000. This listing's school district is Olympia School District. Nearby schools include Julia Butler Hansen Elementary School, Thurgood Marshall Middle School and Avanti High School. 1614 Decatur Street Southwest is a 6-bed, 6-bath, 2,964 sqft multi-family home built in 2026.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Capitol Real Estate LLC

Based on information submitted to the MLS GRID as of 06/12/2026 08:58 AM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.