Great Opportunity to own a well-maintained Duplex in downtown Olympia. Live in one and rent the other one or rent them both. 2 Units currently occupied and generating income. Unit #1 is 1 BR, 1 BA 832sf with private access to side/back yard, Unit #2 is upstairs unit with 1 BR, 1 BA 474 sf. Both units are equipped with R/O, Dishwasher, Fridge, W/D. Cap Rate of over 5%. 3 blocks from Capitol Campus, 1/2 block to Olympia Library and US Post office. Contact your agent or listing agent for more information.
Sold
Listed by: Windermere Prof Partners • Mark Kitabayashi
Bought with: John L. Scott Lacey
$449,500
408 9th Avenue SE, Olympia, WA 98501
2beds
2baths
1,306sqft
Multi Family
Built in 1920
-- sqft lot
$451,900 Zestimate®
$344/sqft
$1,796 Estimated rent
Home value
$451,900
$420,000 - $484,000
$1,796/mo
Zestimate® history
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$2,721/mo
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Zillow last checked:
Listing updated:
Listed by:
Mark Kitabayashi,
Windermere Prof Partners,
Sandra Yescas,
Windermere Prof Partners
Bought with:
Jeff Wilson, 21030727
John L. Scott Lacey
Source: NWMLS as distributed by MLS GRID,MLS#: 2457132
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
Heating
- Wall Unit(s), Electric, Natural Gas
Cooling
- None
Features
- Flooring: Engineered Hardwood, Laminate, Vinyl, Carpet
- Has fireplace: No
Interior area
- Total structure area: 1,306
- Total interior livable area: 1,306 sqft
Property
Lot
- Size: 2,478 Square Feet
- Dimensions: 40 x 60
- Features: Corner Lot, Curbs, Paved, Sidewalk, Cable TV, Fenced-Fully, Gas Available, High Speed Internet
Details
- Parcel number: 68700001000
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding, Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Average
- Year built: 1920
- Major remodel year: 1979
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: City of Olympia
- Water: Public, Company: City of Olympia
- Utilities for property: Dish/Comcast/Xfinity, Dish/Comcast
Community & HOA
Community
- Subdivision: Olympia
Location
- Region: Olympia
Financial & listing details
- Price per square foot: $344/sqft
- Tax assessed value: $458,700
- Annual tax amount: $4,809
- Date on market: 7/31/2025
- Cumulative days on market: 240 days
- Listing terms: Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 12/22/2025 | Sold | $449,500$344/sqft |
Source:  NWMLS as distributed by MLS GRID #2457132 Report a problem | ||
| 11/30/2025 | Pending sale | $449,500$344/sqft |
Source: NWMLS as distributed by MLS GRID #2457132 Report a problem | ||
| 11/23/2025 | Listed for sale | $449,500+137.8%$344/sqft |
Source: NWMLS as distributed by MLS GRID #2457132 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 10/15/2014 | Sold | $189,000-13.7%$145/sqft |
Source: NWMLS as distributed by MLS GRID #643409 Report a problem | ||
| 1/23/2014 | Listed for sale | $219,000-2.7%$168/sqft |
Source: Owner Report a problem | ||
| 12/23/2013 | Listing removed | $225,000$172/sqft |
Source: Owner Report a problem | ||
| 9/24/2013 | Price change | $225,000-6.3%$172/sqft |
Source: Owner Report a problem | ||
| 7/9/2013 | Price change | $240,000+9.6%$184/sqft |
Source: Owner Report a problem | ||
| 3/8/2013 | Listed for sale | $219,000+36.9%$168/sqft |
Source: Owner Report a problem | ||
| 1/5/2012 | Sold | $160,000-5.8%$123/sqft |
Source: NWMLS as distributed by MLS GRID #158535 Report a problem | ||
| 8/19/2011 | Listing removed | $169,900$130/sqft |
Source: Windermere Real Estate/Commencement Associates #158535 Report a problem | ||
| 7/28/2011 | Listed for sale | $169,900$130/sqft |
Source: Windermere Real Estate/Commencement Associates #158535 Report a problem | ||
| 6/18/2011 | Pending sale | $169,900$130/sqft |
Source: Windermere Real Estate/Commencement Associates #158535 Report a problem | ||
| 3/24/2011 | Price change | $169,900-5.6%$130/sqft |
Source: Windermere Real Estate/Commencement Associates #158535 Report a problem | ||
| 3/8/2011 | Price change | $179,900-5.3%$138/sqft |
Source: Windermere Real Estate/Commencement Associates #158535 Report a problem | ||
| 2/1/2011 | Price change | $189,900-5%$145/sqft |
Source: Windermere Real Estate/Commencement Associates #158535 Report a problem | ||
| 12/11/2010 | Listed for sale | $199,900-8.7%$153/sqft |
Source: Windermere Real Estate/Commencement Associates #158535 Report a problem | ||
| 7/10/2010 | Listing removed | $219,000$168/sqft |
Source: FreeHomeListingOnLine.com #17702 Report a problem | ||
| 6/15/2010 | Listed for sale | $219,000-4.4%$168/sqft |
Source: FreeHomeListingOnLine.com #17702 Report a problem | ||
| 4/24/2010 | Listing removed | $229,000$175/sqft |
Source: RE/Max Parkside Affiliates #29146450 Report a problem | ||
| 3/26/2010 | Price change | $229,000-2.3%$175/sqft |
Source: RE/Max Parkside Affiliates #29146450 Report a problem | ||
| 2/21/2010 | Price change | $234,500-1.1%$180/sqft |
Source: RE/Max Parkside Affiliates #29146450 Report a problem | ||
| 10/22/2009 | Listed for sale | $237,000+100751.1%$181/sqft |
Source: RE/Max Parkside Affiliates #29146450 Report a problem | ||
| 8/8/2009 | Listing removed | $235 |
Source: Postlets Report a problem | ||
| 6/12/2009 | Listed for sale | $235-99.8% |
Source: Postlets Report a problem | ||
| 1/17/2006 | Sold | $135,000$103/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,809 +80.3% | $458,700 +80.2% |
| 2023 | $2,667 +2.2% | $254,500 -2.5% |
| 2022 | $2,608 +2.6% | $261,000 +22.9% |
| 2021 | $2,541 -7.8% | $212,300 -0.4% |
| 2020 | $2,757 +43.1% | $213,200 +29.1% |
| 2019 | $1,926 -2.8% | $165,100 +5.6% |
| 2018 | $1,981 +47.2% | $156,300 +19.7% |
| 2017 | $1,346 | $130,550 +11.8% |
| 2016 | $1,346 | $116,750 +8.9% |
| 2014 | $1,346 | $107,200 +6.6% |
| 2013 | -- | $100,600 |
| 2012 | $1,396 | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | $1,537 | -- |
| 2008 | -- | -- |
| 2007 | $1,446 -30.6% | -- |
| 2006 | $2,082 +99.6% | -- |
| 2005 | $1,043 | -- |
| 2004 | -- | -- |
Find assessor info on the county website
Neighborhood: Downtown
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Nearby schools
GreatSchools rating
- 7/10Lincoln Elementary SchoolGrades: K-5Distance: 0.8 mi
- 8/10Washington Middle SchoolGrades: 6-8Distance: 1.9 mi
- 9/10Olympia High SchoolGrades: 9-12Distance: 1.8 mi
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Estimated market value
$451,900
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$451,900
- Washington
- Thurston County
- Olympia
- 98501
- Downtown
- 408 9th Avenue SE
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