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Ardivusx Brivity

Sooper Dooper Guy | Robert Davis's Site

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503 Devoe St NE , Olympia, WA 98506
$615,000
Est. Payment: $3,412.22/mo
5 Bed
3 Bath
2422 Sqft
0.44 Acres
Status: Active | Days on site: 51
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10417 - 118596
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Ardivusx Brivity
Sooper Dooper Guy

House Description

Great opportunity to acquire a freshly remodeled duplex in excellent condition with tremendous income producing potential with a CAP rate of 7.49%!!!! That is an incredible CAP rate. Or occupy one side and lease out the other to decrease your mortgage payment. Located on Olympia’s Eastside in the UGA, just outside city limits, this 2011-built duplex offers two established rental units plus potential to expand. The property includes a 3-bedroom, 2-bath unit with a 1-car garage and a fully remodeled 2-bedroom, 1-bath unit with a 1-car garage. The 2 bedrm unit has been extensively updated with LVP flooring, quartz countertops, new kitchen cabinets, appliances, doors, millwork, trim, and fresh paint. The nearly half-acre lot provides potential to develop an additional duplex, creating the possibility of four total units and increased income-producing capacity. Strong location, Olympia schools, existing rental income, and future possibilities for development. This is a great location within walking distance to most Eastside Olympia amenities, while keeping that rural feel of living in the country!

Highlights

Listed by Keenan French , 360-489-7118 Capitol Real Estate LLC , 360-489-6439. Northwest Multiple Listing Service mls logo

Property Type

Multi-Family

Lot/Acreage
0.44

Year Built

2011

County

Thurston

Area

447 - Olympia North

Neighborhood

Eastside Olympia

School District

Olympia

Listing ID

2567540

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:5
  • ▪ Bathrooms:3
Floor:Vinyl Plank,Carpet
Water:City of Olympia

Exterior Features

Lot:Dead End Street,Paved,Cable TV,Deck,High Speed Internet,Patio,Zoning: Multi-Family,Residential
Garage Capacity:11
Zoning:Multi-Family,Residential
Roof:Composition
Others:
  • ▪ Additional:Cement Planked, Wood
Sewer:Septic
Parking Features:Covered,3 Garage
Principal Interest
$3,412
Taxes
$573

Home Price

$615,000

Loan Details

30 yrs
7.417%

Down Payment

20%
$123,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,412.22

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,412.22 $572.75 $0.00 $3,984.97
Yearly $40,946.59 $6,873.00 $0.00 $47,819.59
Total $1,228,397.85 $206,190.00 $0.00 $1,434,587.85
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Market insight data is pulled from the same city as the listing being viewed (Olympia, WA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Estimated Payment, Market Insight Calculations, School and Neighborhood Information provided by Blueroof360

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Data last updated: 2026-10-05T19:45:15.000Z

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