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  • Listed by: Paramount Real Estate Group • Jesse Savage
    Bought with: Virgil Adams Real Estate, Inc.
    $480,000

    1954 Division Street NW, Olympia, WA 98502

    3beds
    2baths
    1,608sqft
    Duplex, Multi Family
    Built in 1925
    -- sqft lot
    $479,800 Zestimate®
    $299/sqft
    $1,853 Estimated rent

    Home value

    $479,800

    $456,000 - $504,000

    $1,853/mo

    Zestimate® history
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    What's special

    Lots of dedicated parkingWasher and dryerSeparate fenced yard areasFresh landscapingClassic charm
    Turnkey rental income with immediate cash flow: Well maintained Olympia duplex offering an opportunity for investors, owner-occupants or multi-generational living. Conveniently located near Capital Mall, Evergreen State College, schools, grocery stores, restaurants, medical services, and major commuter routes. Bus stop located nearby for easy transit access. Situated on a 0.25-acre corner lot, each unit enjoys private living spaces, classic charm, separate fenced yard areas, lots of dedicated parking, washer and dryer, and outdoor space for gardening, pets, or recreation. Unit A features 2 bedrooms and 1 bathroom, while Unit B offers 1 bedroom plus bonus room/office, high ceilings and 1 bathroom, creating flexibility for a variety of tenants or owner-occupant needs. Floorplan available in photos. Fresh landscaping and ongoing owner maintenance have kept these units hassle-free. Positioned in Olympia's westside with convenient access to downtown Olympia, Highway 101, I-5 connections, military base JBLM, parks, shopping, and employment centers. This area has consistent rental demand due to nearby colleges, government employment, healthcare facilities, and regional employers. Add this well-located duplex to your investment portfolio or offset housing costs by occupying one unit while generating rental income from the other. Buyer to verify all.

    Zillow last checked:

    Listing updated:

    Listed by:

    Jesse Savage,

    Paramount Real Estate Group

    Bought with:

    Duncan Pidone, 22007182

    Virgil Adams Real Estate, Inc.

    Source: NWMLS as distributed by MLS GRID,MLS#: 2554345MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    Heating
    • Stove/Free Standing, Wall Furnace, Natural Gas
    Cooling
    • None
    Features
    • Flooring: Ceramic Tile, Laminate, Vinyl, Carpet
    • Windows: Thermal Windows
    • Has fireplace: No
    Interior area
    • Total structure area: 1,608
    • Total interior livable area: 1,608 sqft

    Property

    Parking
    • Total spaces: 6
    • Uncovered spaces: 6
    Features
    • Has view: Yes
    • View description: Territorial
    Lot
    • Size: 10,798 Square Feet
    • Features: Corner Lot, Paved, Fenced-Fully
    Details
    • Parcel number: 66800009802
    • Zoning description: Residential,Jurisdiction: City
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Duplex
    • Property subtype: Duplex, Multi Family
    Materials
    • Wood Products
    • Foundation: Poured Concrete
    • Roof: Composition
    Condition
    • Good
    • Year built: 1925
    • Major remodel year: 1925

    Utilities & green energy

    • Electric: Company: PSE
    • Sewer: Sewer Connected, Company: City of Olympia
    • Water: Public, Company: City of Olympia
    • Utilities for property: Xfinity, Xfinity
    Green energy
    • Energy efficient items: Thermal Windows

    Community & HOA

    Community
    • Subdivision: Olympia
    Location
    • Region: Olympia

    Financial & listing details

    • Price per square foot: $299/sqft
    • Tax assessed value: $435,000
    • Annual tax amount: $4,792
    • Date on market: 8/6/2026
    • Cumulative days on market: 19 days
    • Listing terms: Conventional,FHA,State Bond,VA Loan

    Price history

    DateEventPrice
    8/24/2026Sold$480,000-1.6%$299/sqft
    Source: NWMLS as distributed by MLS GRID #2554345 Report a problem
    8/4/2026Pending sale$487,777$303/sqft
    Source: NWMLS as distributed by MLS GRID #2554345 Report a problem
    7/18/2026Listed for sale$487,777+142.7%$303/sqft
    Source: NWMLS as distributed by MLS GRID #2554345 Report a problem
    4/15/2015Sold$201,000-2%$125/sqft
    Source: NWMLS as distributed by MLS GRID #729973 Report a problem
    2/28/2015Pending sale$205,000$127/sqft
    Source: Greene Realtors #729973 Report a problem
    2/14/2015Listed for sale$205,000$127/sqft
    Source: Greene Realtors #729973 Report a problem
    2/12/2015Pending sale$205,000$127/sqft
    Source: Greene Realtors #729973 Report a problem
    1/10/2015Listed for sale$205,000$127/sqft
    Source: Greene Realtors #729973 Report a problem
    9/15/2014Listing removed$205,000$127/sqft
    Source: Greene Realtors #649674 Report a problem
    8/21/2014Price change$205,000-3.5%$127/sqft
    Source: Greene Realtors #649674 Report a problem
    6/11/2014Listed for sale$212,500+1.2%$132/sqft
    Source: Greene Realtors #649674 Report a problem
    10/9/2013Listing removed$210,000$131/sqft
    Source: Greene Realtors #436001 Report a problem
    1/10/2013Listed for sale$210,000$131/sqft
    Source: Greene Realtors #436001 Report a problem
    10/2/2012Listing removed$210,000$131/sqft
    Source: Greene Realtors #321512 Report a problem
    7/25/2012Price change$210,000-4.5%$131/sqft
    Source: Greene Realtors #321512 Report a problem
    5/31/2012Price change$219,900-2.2%$137/sqft
    Source: Greene Realtors #321512 Report a problem
    4/25/2012Price change$224,900-2.2%$140/sqft
    Source: Greene Realtors #321512 Report a problem
    2/17/2012Listed for sale$229,900-4.2%$143/sqft
    Source: Greene Realtors #321512 Report a problem
    1/2/2012Listing removed$239,900$149/sqft
    Source: RE/MAX Parkside Affiliates #271312 Report a problem
    10/31/2011Listed for sale$239,900+7.6%$149/sqft
    Source: RE/MAX Parkside Affiliates #271312 Report a problem
    10/27/2006Sold$223,000$139/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$4,561 +33.2%$435,000 +33%
    2023$3,425 +1.6%$327,100 -3.1%
    2022$3,371 +1.2%$337,600 +21.3%
    2021$3,330 +4.6%$278,400 +13.1%
    2020$3,182 +19%$246,200 +1.3%
    2019$2,674 -2.3%$243,000 +11.8%
    2018$2,736 +70%$217,300 +20%
    2017$1,610 $181,050 +29.2%
    2016$1,610 $140,100 +9.2%
    2014$1,610 $128,350 +1.7%
    2013-- $126,250
    2012$1,636 --
    2011-- --
    2010-- --
    2009$1,801 --
    2008-- --
    2007$1,775 -35%--
    2006$2,730 +75.5%--
    2005$1,556 --
    2004-- --
    2002-- --
    2001$1,466 +11.3%$94,000 +11.9%
    2000$1,317 $84,000
    Find assessor info on the county website

    Neighborhood: Burbank

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Leland P Brown Elem
    • Middle: Jefferson Mid
    • High: Capital High

    Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $479,800
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $479,800