Property Details
1072 1074 Central Street SE
Olympia, WA 98501
Sold for $469,900
Sold
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Key Takeaways
- This multi-family property in Eastside Olympia in Olympia, Thurston County sold for $469,900 on Sep 1, 2026.
- 1,840 square feet of building area, or $255 per square foot.
- Lot size is 0.19 acres.
- 2 units.
- Zoning: Multi-Family.
- Built in 1979.
- Annual property taxes are $5,354 (2025).
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
Sold
County
Thurston
Neighborhood
Eastside Olympia
Listed
Apr 22, 2026
Sold Date
Sep 1, 2026
Original Price
$499,900
Structure Type
Duplex
Parcel Number
53300200500
Tax & HOA
Annual Property Tax
$5,354 (2025)
Est. Monthly Tax
$446/mo
Financial Summary
Cap Rate
4.20%
Net Operating Income
$19,698
Gross Scheduled Income
$30,750
Gross Rent Multiplier
15.28
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
Community & Access
Directions
From Eastside St. in downtown Olympia, go East on 11th and left on Central to duplex on corner of 11th & Central.
Location
City
Olympia
County
Thurston
Coordinates
47.03945, -122.88148
Additional Information
Tax Year
2025
Annual Taxes
$5,354
Possession
Array
Buyer Brokerage: John L. Scott Lacey
Based on information submitted to the MLS GRID as of September 4, 2026 8:30 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.
