Property Details
1072 1074 Central Street SE
Olympia, WA 98501
$489,900
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Property Overview
Solid Eastside Olympia duplex in a high-demand rental location just blocks from downtown Olympia. Historically stable income and future upside. Each 920 SF unit features 2 bedrooms, 1 bath, in-unit laundry, laminate floors, skylights and some outdoor space. Generous paved parking area with a large multi-vehicle covered carport adds convenience rarely found at this price point. Ideally located near downtown shopping & restaurants, parks, schools, and everyday amenities, this is a great opportunity for both investors and owner-ocupants.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Thurston
Neighborhood
Eastside Olympia
Listed
Apr 22, 2026
Original Price
$499,900
Financial Summary
Cap Rate
3.90%
Net Operating Income
$19,698
Gross Scheduled Income
$30,750
Gross Rent Multiplier
15.44
Total Expenses
$11,052
Building & Use
Building Sq Ft
1,840
Leasable Area
1,840 sqft
Total Units
2
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
8,281 sqft
Year Built
1979
Exterior & Lot
Lot Size
0.19 sqft
Year Built
1979
Exterior Materials
Wood
Parking
RV Parking
Sewer
Sewer Connected
Water Source
Public
Lot Features
Corner Lot, Paved
Exterior Features
Wood
Location
City
Olympia
County
Thurston
Coordinates
47.03945, -122.88148
Additional Information
Tax Year
2025
Annual Taxes
$5,354
Possession
Array
Based on information submitted to the MLS GRID as of May 4, 2026 7:15 PM. 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.
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. Copyright 2026 NWMLS. All rights reserved.
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. Copyright 2026 NWMLS. All rights reserved.
