Olympia Homes under $500,000

Olympia Homes under $500,000

Welcome to Olympia, Washington – a hidden gem nestled in the heart of Thurston County. Known for its vibrant arts scene, stunning natural beauty, and rich history, Olympia is not just the state capital; it’s a community that offers a unique blend of urban amenities and outdoor adventures.

As you stroll through the charming downtown area, you’ll discover an array of eclectic shops, inviting cafes, and local restaurants that showcase the region’s culinary delights. The waterfront along Budd Inlet provides picturesque views and a perfect spot for picnics or leisurely walks. For those who appreciate the great outdoors, Olympia is surrounded by lush parks and trails, including the breathtaking Capitol State Forest, where hiking, biking, and nature exploration are just moments away.

One of the most appealing aspects of Olympia is its diverse housing market. If you’re searching for homes under $500,000, you’ll find a variety of options that cater to different lifestyles and preferences. From cozy bungalows to charming townhomes, there’s something for everyone. Many of these homes are situated in friendly neighborhoods, complete with parks, schools, and community events, making it an ideal place for families and individuals alike.

With its affordable housing options, vibrant culture, and stunning natural surroundings, Olympia is more than just a place to live; it’s a community where you can thrive. Come explore the possibilities and find your perfect home in this delightful Washington city!

Newest Olympia Homes under $500,000

4808 Archer Drive SE, Olympia
$499,000
3 Beds ⋅ 2 Baths ⋅ 2594495 MLS ⋅ ACTIVE Status
Charming Rambler on a Rare 1/3-Acre Lot with No HOA! Discover the perfect blend of comfort, space and convenience in this attractive rambler tucked away on a quiet dead-end street. The home offers a peaceful-country-like setting while keeping you just minutes from everything you need. Inside, the inviting sunken living room features a bay window and cozy free-standing gas stove. The formal dining room boasts a vaulted ceiling, durable laminate flooring and a charming window seat overlooking the backyard. The well-appointed kitchen includes all appliances, a convenient breakfast bar and opens to the adjoining family room with laminate flooring and a slider leading to the rear patio and gazebo - perfect for relaxing or entertaining. The primary suite offers two closets and private en-suite with a soaking tub and separate shower. Two additional bedrooms and full bath provide plenty of room for guests or a home office. An interior laundry room adds everyday convenience. Outside you'll love the huge, fully fenced backyard, complete with dedicated garden area and storage building. Attached 2 car garage plus RV parking with 50-amp service. Country setting with easy access to schools, shopping, several lakes, golf, JBLM, and I-5. A rare combination of land, privacy, functionality and convenience!

4808 Archer Drive SE, Olympia

Listing Broker: NextHome Northwest Group; Roberta Rudnick; 360-791-0688; olyrudnick@gmail.com

315 24 Avenue SW, Olympia
$475,000
3 Beds ⋅ 2 Baths ⋅ 2594307 MLS ⋅ ACTIVE Status
Opportunity abounds on this huge 3/4-acre high bank lakefront property in the historic Capitol Lake Neighborhood! With a spacious existing home and the potential for big lake views, it’s brimming with possibilities for sweat equity or a fresh start. Add your own renovations to the home’s original 1937 charm, which includes period details like exposed timber beams, wood paneling, hardwood floors, and a masonry fireplace. Perched above a private trail down to the lake, it’s perfectly positioned to take advantage of the scenery. OR bring your contractor and design the lake view home of your dreams. Either way, you’ll benefit from the $400million Capitol Lake restoration project currently underway. You’ll also reap the rewards of a fabulous location in one of Olympia’s nicest neighborhoods, just minutes to the Capitol Building, downtown Olympia, downtown Tumwater, and freeway access. Location, lakefront, and a lovely setting...all this property needs is your vision.

315 24 Avenue SW, Olympia

Listing Broker: Windermere Mercer Island; Jake Kanev; 206-686-4700; kanev@windermere.com

1617 Fones Road Unit #34, Olympia
$99,000
3 Beds ⋅ 2 Baths ⋅ 2593969 MLS ⋅ ACTIVE Status
Welcome home to unmatched affordability and fresh, modern style! Priced at just $99,000, this beautifully remodeled 3-bedroom, 1.75-bathroom home delivers the look and feel of a brand-new build. Step inside to discover a bright, open floor plan featuring all-new finishes, updated flooring, and a sleek, fully reimagined kitchen and living space. Situated on a leased lot, you are perfectly positioned in the ultimate high-convenience hub of Olympia. Ditch the long commutes—this park sits directly off Pacific Ave SE and I-5, putting local favorites right at your doorstep. This is a rare chance to own a fully updated, low-maintenance home under $100k without sacrificing an urban lifestyle. What more could you ask for - Lot fee is $635 per month and includes, Water, Sewer and Garbage. Schedule your tour today and move right in!

1617 Fones Road Unit #34, Olympia

Listing Broker: eXp Realty; Saul Negrete; 360-810-8855; negretesaul1969@gmail.com

2322 4th Avenue W, Olympia
$499,950
2 Beds ⋅ 1 Baths ⋅ 2593712 MLS ⋅ ACTIVE Status
Unique mid-century rambler on a private, wooded .70 acre lot in desirable West Olympia! Main home offers 2 bedrooms, updated kitchen with stainless appliances, spacious living areas and stone fireplace. Light filled bonus room features vaulted ceilings, exposed beams and walls of windows. Detached ADU-style guest quarters with kitchenette, bedroom and bath (not verified as a permitted dwelling) plus attached shop/garage. Abundant parking, circular driveway and expansive underground storage, HDC-3 zoning offers potential for mixed use or commercial development (buyer to verify). Minutes from downtown, shopping and freeway access!

2322 4th Avenue W, Olympia

Listing Broker: Blue Summit Realty LLC; Brandon P. Johnson; 360-456-3366; brandon@bluesummitrealty.com

923 S Bay Road NE, Olympia
$425,000
2 Beds ⋅ 1 Baths ⋅ 2592497 MLS ⋅ ACTIVE Status
It doesn't get more charming then this! Check out these photos! Character and quality updates make this darling cottage with detatched studio ADU an extremely unique find. Fantastic location close to town and great schools. Super functional open floor plan layout, electric car charging system, multiple outbuildings for additional storage, newer foundation and brand new metal roof are some important and valuable bonus features. Front yard was recently redone into a beautiful , fenced garden space/retreat. Enclosed back porch overlooks back yard with darling wood round steps leading to ADU and additional storage buildings while also overlooking a ravine and adds to tranquitility and privacy. Schedule a showing today!

923 S Bay Road NE, Olympia

Listing Broker: Century 21 Van Dorm Realty; Sara Peterson; 360-463-0967; sararealestateagent@gmail.com

1118 Whisler Street NE, Olympia
$417,769
3 Beds ⋅ 2 Baths ⋅ 2593089 MLS ⋅ ACTIVE Status
Built on a level 9,648 sq ft lot, with no HOA. 3 bedrooms, 1.5 baths, and 1,847 sq ft, plus a bonus room upstairs. Hardwood floors in the entry and family room, a wood stove for the colder months, and French doors out to the deck. The fenced backyard has garden space and plenty of room to spread out. Natural gas forced air heat and an attached carport. Close to shopping Winco, Costco, Home Depot. Close to I-5 Marvin Road interchange. Buyers should plan for a longer timeline while the lender reviews the sale.

1118 Whisler Street NE, Olympia

Listing Broker: Keller Williams South Sound; Matt Matayoshi; 360-523-2403; mattmatayoshi@mattmatayoshi.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

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

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

1314 Evergreen Park Drive SW Unit #W, Olympia
$430,000
2 Beds ⋅ 3 Baths ⋅ 2589520 MLS ⋅ ACTIVE Status
COMPLETELY RENOVATED & MOVE-IN READY in desirable Broadmoor West on Olympia’s sought-after Westside! This beautifully updated Olympia condo delivers the rare combination of a turnkey interior, A/C, attached garage, private outdoor space & peaceful green surroundings—all with the convenience of low-maintenance living. Step inside to a bright, inviting floor plan featuring spacious living areas, contemporary finishes & a cozy fireplace. The remodeled kitchen offers stylish finishes, abundant cabinetry & generous workspace, while updated bathrooms and thoughtful improvements throughout mean the work has already been done for you. Enjoy year-round comfort with efficient air conditioning, then step outside to your private patio overlooking mature landscaping & tranquil green space. An attached garage adds valuable parking, storage & everyday convenience. HOA-maintained exterior makes this an ideal lock-and-leave home. Prime Olympia Westside location minutes to downtown Olympia, Capital Mall, The Evergreen State College, medical facilities, restaurants, shopping, parks, Hwy 101 & I-5. Located in the Olympia School District. A fantastic opportunity for buyers searching for a renovated Olympia condo, Westside Olympia home, condo with garage & A/C, first home, downsizing option or low-maintenance Pacific Northwest lifestyle!

1314 Evergreen Park Drive SW Unit #W, Olympia

Listing Broker: COMPASS; Nicole Braam; 253-237-2090; nicole.braam@compass.com

7403 Fairview Road SW Unit #5, Olympia
$299,900
2 Beds ⋅ 2 Baths ⋅ 2589508 MLS ⋅ ACTIVE Status
BRAND NEW, FULLY-RENOVATED HOME AT THIS PRICE?! Yes please! Welcome to this stunning completely renovated corner-unit condo offering the perfect blend of modern style, privacy, and Pacific Northwest charm. Renovated from top to bottom, every detail has been thoughtfully updated, creating a truly move-in-ready home with contemporary finishes, new appliances, and exceptional quality throughout. Located just moments from beautiful Black Lake, residents enjoy access to a community trail leading directly to the private dock and beach area—perfect for kayaking, paddleboarding, fishing, swimming, or simply taking in the scenic waterfront. This sought-after community combines outdoor recreation with everyday convenience, just minutes from shopping, dining, schools, Trader Joes, Stabucks, Capital Mall, Kenneydale Park, healthcare, and easy access to Olympia and I-5. Whether you're looking for a primary residence, weekend retreat, or low-maintenance lifestyle, this beautifully updated home checks every box. Enjoy the rare combination of a fully remodeled interior to include laminate hardwood, tile floors, brand-new kitchen with modern style, all windows, stunning bathrooms & more + peaceful wooded surroundings, private outdoor space, and lake access amenities in one exceptional package. Don't miss your opportunity to own this affordable, turnkey Black Lake-area gem—where modern living meets the beauty of the outdoors!

7403 Fairview Road SW Unit #5, Olympia

Listing Broker: COMPASS; Nicole Braam; 253-237-2090; nicole.braam@compass.com

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