Olympia Homes under $500,000

Olympia Homes under $500,000

Welcome to Olympia, Washington – a vibrant city nestled at the southern end of Puget Sound and the proud capital of the Evergreen State. Known for its rich history, stunning natural beauty, and a strong sense of community, Olympia offers a unique blend of urban amenities and outdoor adventures. With its lush parks, waterfront views, and proximity to the majestic Olympic Mountains, residents enjoy a lifestyle that celebrates both nature and culture.

Olympia boasts a thriving arts scene, with local galleries, theaters, and music festivals that showcase the talents of its diverse population. The city is also home to several top-rated schools and universities, making it an ideal location for families and students alike. With an array of dining options, from cozy coffee shops to gourmet restaurants, there's always something new to explore.

For those looking to call Olympia home, you'll be pleased to know that there are fantastic housing options available for under $500,000. Whether you’re a first-time homebuyer or looking to downsize, Olympia offers charming single-family homes, modern townhouses, and quaint bungalows that cater to a variety of tastes and budgets. Many of these homes are situated in friendly neighborhoods, close to parks, schools, and shopping, ensuring that you have everything you need within reach.

With its welcoming atmosphere and affordable real estate market, Olympia is not just a place to live; it’s a place to thrive. Discover your dream home in this enchanting city, where the Pacific Northwest lifestyle awaits you!

Newest Olympia Homes under $500,000

7710 50th Avenue SE, Olympia
$389,900
3 Beds ⋅ 1 Baths ⋅ 2591831 MLS ⋅ ACTIVE Status
Move-in ready with room to make it your own. This updated 3-bedroom, 1-bath home sits on a large cul-de-sac lot with a fully fenced backyard, 1-car garage, storage shed, generous off-street parking, and space for an RV or trailer. Much of the hard work was completed in 2018, including newer flooring, roof, windows, appliances, and interior paint, while still leaving room for a buyer to add their own finishing touches. The private backyard offers plenty of space to garden, entertain, play, or relax on the patio, plus a mature table grape vine that adds a unique touch to the outdoor space. Set in a walkable neighborhood with convenient access to schools, transit, shopping, and nearby Pattison Lake recreation. With a full-price offer, seller is willing to provide up to a $5,000 credit toward buyer closing costs, interior paint, carpet, or a combination of the three!!! A practical, well-cared-for home with space, flexibility, and value—ready for its next chapter.

7710 50th Avenue SE, Olympia

Listing Broker: Coldwell Banker Evergreen; Madison Del Vigo; 360-918-1693; madison.delvigo@cbolympia.com

1321 Puget Street NE, Olympia
$375,000
4 Beds ⋅ 3 Baths ⋅ 2591350 MLS ⋅ ACTIVE Status
Bring your design ideas to this mid-century gem with excellent multi-generational or income potential! Home has been a rental for 12+ years. Built in 1954, this solid home sits on a spacious 6,000 sq ft lot and offers 2,154 total sq ft of flexible living space primed for your personal updates and equity-building touches. The 1,362 sq ft main floor features classic hardwood floors, hosting 3 bedrooms, 1.5 baths, a living room, dining room, and a kitchen. The 792 sq ft lower level serves as a secure, separate living space with a private outside entrance, its own living room, a second kitchen, 1 bedroom, a 3/4 bath, and an attached 1-car garage. Both levels share a central laundry room. While currently separated for maximum privacy—ideal for rental income or an ADU—the interior stairs could easily be reinstalled to restore a seamless single-family flow. Needs some cosmetic updates but offers incredible bones and unlimited options for homeowners and investors alike!

1321 Puget Street NE, Olympia

Listing Broker: Windermere RE/Himlie; Jeanne Blanton; 360-789-7624; JeanneBlanton@Windermere.com

8433 13th Ave SE, Olympia
$485,000
3 Beds ⋅ 3 Baths ⋅ 2590613 MLS ⋅ ACTIVE Status
Beautifully updated and modern home filled with natural light features fresh newer flooring, custom trim, upgraded window coverings, and stainless-steel appliances. The renovated kitchen shines with quartz countertops, a breakfast bar, and an instant hot-water tap. The bright living area offers a cozy fireplace and abundant natural light. Updated bathrooms add a clean, contemporary feel, and whole-house A/C ensures year-round comfort. A fully finished bonus room provides ideal flexibility for an office, media room, gym, playroom, or guest space. Step outside to an extra-large deck perfect for relaxing or entertaining. The two-car garage includes built-in storage for easy organization. Conveniently located near shopping, freeway access, and JBLM, this move-in-ready home delivers modern upgrades, flexible living space, and exceptional comfort.

8433 13th Ave SE, Olympia

Listing Broker: Berkshire Hathaway HS NW; Bali Gill; 253-500-4066; baligill@bhhsnw.com

7629 13th Avenue NE, Olympia
$474,900
4 Beds ⋅ 2 Baths ⋅ 2590356 MLS ⋅ ACTIVE Status
Welcome to this well-maintained single-level home offering comfortable living, thoughtful updates, and a convenient location close to shopping, dining, and everyday amenities. The spacious living room features a cozy fireplace, while the adjoining dining area connects easily to the kitchen and backyard patio. Recent improvements include a new furnace and heat pump, newer LVP flooring and carpet, fresh interior paint, updated lighting and ceiling fans, a newer electrical panel, resurfaced kitchen counters, and freshly painted cabinetry. The flexible floor plan offers multiple bedrooms, including a primary suite with private half bath and walk-in closet. Outside, the extended patio and fenced backyard provide plenty of room to relax, entertain, or play. The attached garage adds even more function with custom lighting and extra storage. With major systems already updated and plenty of practical improvements throughout, this move-in-ready home offers a great combination of comfort, convenience, and value.

7629 13th Avenue NE, Olympia

Listing Broker: Olympic Sotheby's Int'l Realty; Tim Lynch; 360-528-4160; tim@timlynchhomes.com

712 Puget Street NE, Olympia
$400,000
3 Beds ⋅ 1 Baths ⋅ 2591013 MLS ⋅ ACTIVE Status
Opportunity awaits in the heart of Olympia! This charming 2-bedroom, 2-bath home offers approximately 1,428 sq ft and is a great option for first-time buyers, investors, or anyone looking to put down roots in an established Olympia neighborhood. Originally built in 1917, the home offers classic character along with public water and sewer and convenient access to downtown Olympia, shopping, restaurants, parks, schools, I-5 and major employment centers. Whether you're searching for a place to call home or looking to add another property to your real estate portfolio, this is an opportunity worth exploring. Enjoy the convenience of living close to everything while owning a piece of Olympia history. Come see the possibilities at 712 Puget St NE!

712 Puget Street NE, Olympia

Listing Broker: eXp Realty; Ronald Rougeaux; 360-338-8355; captainronjr@gmail.com

1111 Archwood Drive SW Unit #501, Olympia
$169,900
2 Beds ⋅ 2 Baths ⋅ 2590448 MLS ⋅ ACTIVE Status
NEW doublewide for sale at Friendly Ridge (55+). Be the first to live in this 2026 Doublewide: 2 bed + Den / 2 bath / 1,176 sq.ft. The home is ready with gorgeous block skirting, a new carport, and an exterior storage shed. Inside you will find large windows, a kitchen with ample storage and an island, vaulted ceilings, stainless appliances, and a separate area for laundry. Friendly Ridge has a newly renovated community clubhouse with incredible amenities. This wonderful community is conveniently located near everything Olympia has to offer including major shopping, restaurants, and parks. Come make it yours!

1111 Archwood Drive SW Unit #501, Olympia

Listing Broker: Commonwealth Real Estate Serv.; Brandon Judy; 425-589-5365; brandon.judy@cwres.com

1111 Archwood Drive SW Unit #500, Olympia
$179,900
2 Beds ⋅ 2 Baths ⋅ 2590410 MLS ⋅ ACTIVE Status
NEW doublewide for sale at Friendly Ridge (55+). Be the first to live in this 2026 Doublewide: 2 bed + Den / 2 bath / 1,248 sq.ft. The home is ready with gorgeous block skirting, a new carport, and an exterior storage shed. Inside you will find large windows, a kitchen with ample storage and an island, vaulted ceilings, stainless appliances, and a separate area for laundry. Friendly Ridge has a newly renovated community clubhouse with incredible amenities. This wonderful community is conveniently located near everything Olympia has to offer including major shopping, restaurants, and parks. Come make it yours!

1111 Archwood Drive SW Unit #500, Olympia

Listing Broker: Commonwealth Real Estate Serv.; Brandon Judy; 425-589-5365; brandon.judy@cwres.com

921 923 Central Street NE, Olympia
$475,000
2588513 MLS ⋅ ACTIVE Status
Great investment opportunity in Eastside Olympia! This duplex offers two units, each with 2 bedrooms, 1 bath, and a cozy fireplace. Outside features one car carport on each side and a fully fenced yard. This multi-family investment is in an amazing location, minutes to downtown Olympia. Such a great opportunity to add to your investment portfolio or live in one unit and rent the other to offset the mortgage!

921 923 Central Street NE, Olympia

Listing Broker: Olympic Sotheby's Int'l Realty; Denise Steigers; 360-451-3549; denisesteigers@olympicsir.com

1018 Capitol Way S Unit #5B, Olympia
$480,000
1 Beds ⋅ 2 Baths ⋅ 2587356 MLS ⋅ ACTIVE Status
Ready to live in the heart of Olympia? Watch the greatest sunsets in this west facing, penthouse condo complete with floor to ceiling windows, designer window treatments, open concept and urban living at it's finest. All new paint, den turned bedroom with bunkbeds and built in closet system. Primary boasts designer chandelier, custom walk-in closet, soaking tub with easy ADA access throughout. PLUS! This is the only condo in the building with it's very own designated storage unit on the same floor. Peekaboo view of Capitol dome & Olympics plus full view of the Black Hills and all those Lakefair fireworks! Walk across the street to the capitol building, perfect for leg and just a hop onto I5 to get you where ever you need to go. Yes, it is dangerous living above Meconi's sub shop & the espresso bar but you are close to downtown shopping, restaurants, the waterfront and Capitol Lake. It's all at your fingertips!

1018 Capitol Way S Unit #5B, Olympia

Listing Broker: Coldwell Banker Evergreen; Kelley Morgan; 360-402-1775; Kelley.Morgan@cbolympia.com

807 Gregory Way SE, Olympia
$399,900
3 Beds ⋅ 1 Baths ⋅ 2588207 MLS ⋅ ACTIVE Status
Welcome to this inviting 3 bedroom, 1 bathroom Olympia home offering comfortable living, abundant natural light, and a location that makes everyday life convenient. Skylights brighten the interior and create an airy feel throughout the home, while the French doors opening up to your back patio and large fully fenced yard provides plenty of space for outdoor living, gardening, entertaining, pets, or simply enjoying your own private space. A generously sized garage adds valuable room for parking, storage, hobbies, or workspace. Relax with peace of mind with newer appliances, roof, septic tank and paint throughout. Conveniently located with easy access to JBLM, the Regional Athletic Complex (RAC), shopping, dining, parks, and everyday amenities. A practical layout, generous outdoor space, and easy access to the places that keep life moving make this a home with plenty of room for both everyday routines and the moments that matter. An inviting place to put down roots, with the energy of Olympia and the natural beauty of the South Sound close at hand.

807 Gregory Way SE, Olympia

Listing Broker: Olympic Sotheby's Int'l Realty; Tiffany Curtiss; 360-790-6025; tiffanycurtiss@olympicsir.com

1205 Arab Drive SE, Olympia
$499,999
3 Beds ⋅ 2 Baths ⋅ 2584868 MLS ⋅ ACTIVE Status
Exclusive lender paid rate buy down available! Welcome to comfortable 1-level living in highly desirable Tumwater! This Bush Prairie gem is set on a generous just shy half-acre lot, this well-maintained 3-bedroom home offers the space, flexibility and location buyers have been looking for. The thoughtfully designed floor plan includes a formal living room, separate family room, formal dining room and kitchen nook, giving you plenty of room for everyday living and entertaining. Hickory hardwood floors, vaulted ceilings, ceiling fans and a cozy gas fireplace add warmth and character throughout. The 3-car fully finished garage provides exceptional storage and workspace, while the expansive driveway and property offer parking for approximately 18 additional vehicles, plus room for your RV and boat—an incredible amount of parking rarely found in a residential setting. A newer gas furnace, approximately two years old, and a newer gas water heater add peace of mind. Step outside to enjoy the beautiful, spacious yard with plenty of room for gardening, outdoor gatherings, pets or simply enjoying the privacy of a half-acre setting. Located in the highly regarded Tumwater School District and close to parks, trails, shopping, dining and everyday conveniences. Enjoy easy access to Tumwater Falls, the Deschutes River, Capitol Forest and Olympia, while still having the neighborhood feel and space to truly spread out. A great opportunity to make this solid, spacious home your own!

1205 Arab Drive SE, Olympia

Listing Broker: eXp Realty; Elizabeth Foster; 253-282-5306; info@elizabethsdreamhomes.com

9101 Steilacoom Road SE Unit #117, Olympia
$159,500
2 Beds ⋅ 3 Baths ⋅ 2589761 MLS ⋅ ACTIVE Status
Airstream Owners—this is the one you've been waiting for! Enjoy the unique lifestyle of Washington Land Yacht Harbor, an Airstream-only community in Thurston County. This spacious 2-bedroom, 2+ bath home offers 1,440 sq ft with a comfortable living room, dining room, den/study or sewing-hobby room, utility room and plenty of space to relax and entertain. Step outside to enjoy the large covered porch, 14' x 14' covered deck with summer kitchen, rear patio and garden beds. Backing to open green space, the setting is peaceful and private. Recent updates include fresh paint, newer flooring and plumbing. Attached one-car garage includes a workshop and 1/2 bath. Paved 35' RV parking with 30-amp hookup is ready for your Airstream. Conveniently located between Seattle and Portland, with easy access to Olympia, shopping, dining, medical facilities, recreation and I-5. Park at home, enjoy your community and be ready for your next adventure!

9101 Steilacoom Road SE Unit #117, Olympia

Listing Broker: Century 21 Van Dorm Realty; Beatrice Scott; 360-280-7126; BeaScott@vandorm.com

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