$529,000
Est. $2,680/mo1128 State Avenue Ne, Olympia, WA 98506
• Listed 2026-04-30•4 days on market
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Based on information submitted to the MLS GRID as of June 9, 2026 at 01:20pm (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Amazing opportunity in the High Density Corridor (HDC-1) zoning district of Olympia, which allows for offices, small-scale commercial use, and moderate to high-density multifamily residential. Currently being used as a single family home, this would make a great live/work space or convert fully into an office. Spacious rooms for offices or meeting spaces downstairs, along with completely remodeled kitchen, mud room, and full bath. Upstairs has another full bath and 3 rooms, one with capped plumbing lines for easy conversion to a kitchen or wet bar. Located on State and Puget, your business will have great exposure with high vehicle and pedestrian traffic. Free street parking on this block!
Listed by Jessica Kammeyer • Redfin
Listing updated: June 9, 2026 at 01:20pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2517261
Open houses
No upcoming open houses scheduled for this property.
$361,000
-$168,000 under list price
Nearby comparable homes
RexMont uses 2 strongest recent nearby sales, priced between $350K and $373K.
Rental earnings
$1,075/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$372,500Last sold price
1236 Frederick Lane Ne, Olympia, WA 98506
$350,000Last sold price
4715 Ne Boston Harbor Road, Olympia, WA 98506
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
1128 State Avenue Ne, Olympia, WA 98506
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Neighborhood mobility
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
$3,235 per month
Great rateTakes about 5 minutes & won't affect your credit
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Olympia is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 4 days.
$1,600,000 Sold
4 months ago
3 bd•2 ba•~3,424 sq ft•Single Family
1405 Ne East Bay Drive Ne, Olympia, WA 98506
6%
Under list
—
Days on market
0.8 mi
Distance
$280,000 Sold
5 months ago
4 bd•1 ba•~1,901 sq ft•Single Family
909 Fir Street Ne, Olympia, WA 98506
10%
Under list
—
Days on market
0.6 mi
Distance
$435,000 Sold
5 months ago
3 bd•1.5 ba•~1,056 sq ft•Single Family
1133 Marion Street Ne, Olympia, WA 98506
2%
Over list
—
Days on market
0.6 mi
Distance
$405,000 Sold
5 months ago
2 bd•1 ba•~1,088 sq ft•Single Family
504 Garrison Street Ne, Olympia, WA 98506
8%
Over list
—
Days on market
0.2 mi
Distance
$439,000 Sold
6 months ago
3 bd•1 ba•~1,218 sq ft•Single Family
2323 Olympia Avenue Ne, Olympia, WA 98506
0%
Over list
—
Days on market
0.9 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jun 2026
School information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.
