Olympia Homes under $500,000

Olympia Homes under $500,000

Welcome to Olympia, Washington—a vibrant city that beautifully blends rich history with a modern lifestyle. Nestled in Thurston County, Olympia is the state capital and offers a unique charm that attracts residents from all walks of life. With its stunning waterfront views, lush parks, and a thriving arts scene, it’s no wonder that Olympia is considered one of the best places to call home in the Pacific Northwest.

Olympia boasts a diverse array of neighborhoods, each with its own character and community spirit. From the historic charm of the South Capitol neighborhood, featuring stunning early 20th-century architecture, to the family-friendly atmosphere of the Westside, there’s something for everyone. Nature enthusiasts will love exploring the nearby trails and parks, including the expansive Capitol State Forest and the serene Watershed Park, perfect for hiking, biking, and picnicking.

For those looking to settle down in Olympia without breaking the bank, there are fantastic housing options available under $500,000. Whether you’re seeking a cozy bungalow, a charming craftsman, or a modern townhouse, you'll find a variety of homes that fit your budget and lifestyle. The real estate market here is dynamic, with many properties showcasing beautiful gardens, spacious layouts, and easy access to local amenities.

Living in Olympia means enjoying a strong sense of community, a commitment to sustainability, and a plethora of outdoor activities. With its welcoming atmosphere and affordable housing options, Olympia is not just a place to live—it's a place to thrive. Come discover your perfect home in this delightful city!

Newest Olympia Homes under $500,000

7138 Englewood Drive SE Unit #6, Olympia
$29,900
2 Beds ⋅ 1 Baths ⋅ 2596126 MLS ⋅ ACTIVE Status
1977 Singlewide for sale at Glacier View (All-Ages Community). 2 Bed / 1 Bath / 840 sq.ft. Featuring an open layout with a lot of potential, a fenced back yard, and a covered carport for off-street parking. Tucked into a peaceful setting, this home is ready for new memories. Come make it yours!

7138 Englewood Drive SE Unit #6, Olympia

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

2524 Leach Court SE, Olympia
$475,000
2595952 MLS ⋅ ACTIVE Status
Single story, low maintenance duplex located close to everything anyone needs and a garage too! Shopping, schools, freeway access, bus line, bakery, coffee shop, local burger stop, all the things are just moments from your doorstep. New roof and sheeting install were just completed. Inside is refreshed paint, light fixtures, stainless steel counters making this place move in ready. All appliances are owned by landlord, each side is 2-bedroom 1 bath with updated windows. Washer/dryer hook up in garage. Great corner lot w minimal landscape to take care of. Great opportunity to build an investment portfolio OR live in one side and rent the other!

2524 Leach Court SE, Olympia

Listing Broker: Virgil Adams Real Estate, Inc.; Tammy Adams; 360-584-2736; tammy@virgiladamsre.com

3413 6th Avenue NW, Olympia
$449,950
3 Beds ⋅ 3 Baths ⋅ 2595390 MLS ⋅ ACTIVE Status
Move-in ready in West Olympia! This spacious 3-bedroom, 2.5-bath home has been refreshed with new carpet and fresh interior paint throughout. The main level offers an inviting, open layout with a comfortable living space, well-appointed kitchen with abundant cabinetry, and a dedicated laundry room with extra storage. Upstairs you'll find a generous primary suite with its own private bath, plus two additional bedrooms and a full guest bath. Outside, enjoy an exceptionally large yard with plenty of space for entertaining, play, or relaxing. An attached 2-car garage provides additional parking and storage. HOA-maintained exterior adds to the ease of ownership. Ideally situated close to everyday shopping, restaurants, parks, and convenient freeway access. Special financing, including 0% down options available with preferred lender! Also available for purchase with the identical unit next door for full duplex ownership- a rare opportunity!

3413 6th Avenue NW, Olympia

Listing Broker: Windermere RE/Lake Tapps, Inc; Kjell Lindberg; 206-795-7738; kjell@windermere.com

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

3928 21st Ave SE Unit #10, Lacey
$37,500
2 Beds ⋅ 1 Baths ⋅ 2591742 MLS ⋅ FIRST LOOK Status
Tucked into the all-ages community of Edgelake between Chambers Lake and the Chehalis Western Trail, this 1971 Mansfield double-wide offers an expansive, uniquely situated backyard that most homes in the park don't have. The short double-wide footprint and hedged back yard create real outdoor space with privacy that allows for cozy gatherings or the freedom to garden. Just beyond the hedge runs the 22-mile, paved Chehalis Western Trail, so walking, biking, and morning strolls are close by. Recent updates include fresh skirting for the cold months ahead and a newly painted carport with attached shed. Past upgrades include a ductless mini-split with A/C and heat, new water heater, updated windows in the front room, a newly-built front porch entry, plus a large covered rear deck with ample space for furniture, outdoor gatherings, or a quiet morning coffee. The Clubhouse is available to all residents, borders the lake and provides guest parking. Pets are welcome, but subject to park restrictions. Located in the North Thurston school district, minutes from shopping, services, and I-5, with Trail Heads and Nature Area just outside of the park for recreation. The subfloor needs some work, particularly in the bathroom, but the home is livable and priced accordingly. Bring your vision and make it your own - affordable ownership with unique space, great location, and a head start on the updates.

3928 21st Ave SE Unit #10, Lacey

Listing Broker: NW Elite Home Brokers; Jessica Wilber; 360-464-2235; wilberjessnw@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

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Based on information submitted to the MLS GRID as of . 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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