1954 Division Street NW, Olympia, WA, 98502
About This Home
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.
Getting Around
Car-Dependent
Some Transit
BikeableSchools
Construction
Condition
- Property condition: Good
- Year built: 1925
Materials
- Foundation: Poured Concrete
- Roof: Composition
- Construction materials: Wood Products
Notable Dates
- Major remodel year: 1925
Type & Style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subType: Duplex,Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
Features
- Window features: Thermal Windows
- Flooring: Ceramic Tile,Laminate,Vinyl,Carpet
Heating & Cooling
- Heating features: Stove/Free Standing,Wall Furnace,Natural Gas
- Cooling features: None
Interior Area
- Total structure area: 1,608
- Total interior livable area: 1,608 sqft
Property
Details
- Parcel number: 66800009802
- Zoning description: Residential,Jurisdiction: City
- Special condition: Standard
Features
- Has view: Yes
- View description: Territorial
Lot
- Lot size: 10,798 sqft
- Features: Corner Lot,Paved,Fenced-Fully
Parking
- Total spaces: 6
- Uncovered spaces: 6
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Coastal Flooding
- Heat Wave
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters in Thurston County and Washington
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,466 | $29,592 |
| Home Insurance * | $118 | $1,416 |
| Property Taxes | $412 | $4,944 |
| Electricity | $149 | $1,793 |
| Total | $3,145 | $37,740 |
Income You'd Need if You Spent...
Washington FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-04 | Pending sale | $487,777 |
| 2026-07-18 | Listed for sale | $487,777 |
| 2015-04-15 | Sold | $201,000 |
| 2015-02-28 | Pending sale | $205,000 |
| 2015-02-14 | Listed for sale | $205,000 |
| 2015-02-12 | Pending sale | $205,000 |
| 2015-01-10 | Listed for sale | $205,000 |
| 2014-09-15 | Listing removed | $205,000 |
| 2014-08-21 | Price change | $205,000 |
| 2014-06-11 | Listed for sale | $212,500 |
| 2013-10-09 | Listing removed | $210,000 |
| 2013-01-10 | Listed for sale | $210,000 |
| 2012-10-02 | Listing removed | $210,000 |
| 2012-07-25 | Price change | $210,000 |
| 2012-05-31 | Price change | $219,900 |
| 2012-04-25 | Price change | $224,900 |
| 2012-02-17 | Listed for sale | $229,900 |
| 2012-01-02 | Listing removed | $239,900 |
| 2011-10-31 | Listed for sale | $239,900 |
| 2006-10-27 | Sold | $223,000 |
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