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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Olympia at 2320 Capitol Way S, Olympia, WA, 98501 offers a 4.52% rental yield on a $695,000 purchase with $2,619/mo rent. 43% in year one. Equity gained on principal adds $4,485/yr while 5% annual appreciation supports $192,016 over five years. Portfolio math shows five-year ROI at 57.3% and total cumulative return in cash at $131,022. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,619/mo property income against a $3,402/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1901
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 98501, Olympia, WA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,322 (100%) |
| Owner Occupied HU | 12,616 (59.2%) |
| Renter Occupied HU | 7,848 (36.8%) |
| Vacant Housing Units | 858 ( 4.0%) |
| Median Home Value | $574,804 |
| Average Home Value | $591,558 |
Residential
20,128
Single Family
17,521
Multi-Family
2,607
Businesses
1,559
Date | Event | Price |
|---|---|---|
| 2025-04-02 | Listed for sale | $695,000 |
| 2024-04-21 | Listing removed | N/A |
| 2024-02-17 | Price change | $2,295 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-03 | N/A | N/A | $651,600 | -0.63% |
| 2023-04-03 | $6855.33 | 5.21% | $655,700 | 0.35% |
| 2022-04-03 | $6515.86 | 10.04% | $653,400 | 31.81% |
Listed by: Jodi Ashline • Coldwell Banker Evergreen
Mls Name: NWMLS
Mls Provider:
Mls ID: #2349283
Disclaimer: Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 NWMLS. All rights are reserved. Disclaimer: The information contained in this listing has not been verified by Zillow, Inc. and should be verified by the buyer. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#39)
