Short Term Rental Investment Properties for Sale in Olympia, WA

Short-term rentals in Olympia, WA, offer strong potential amid growing tourism and legislative focus on lodging taxes. Demand remains robust despite proposed 6% excise taxes starting 2026, supporting high occupancy. Investor metrics show solid **rental yields** around 8-10% with cap rates near 7%, driven by fair market rents of $1,585 for one-bedrooms. Appreciation holds steady at 4-5% annually, bolstered by renter-occupied rates over 50%. Recent tenant reforms limit income screening, indirectly favoring flexible short-term models for cash flow.