Olema is an unincorporated community in the U.S. state of Washington. It is located at 48°17′09″N 119°48′15″W / 48.28583°N 119.80417°W (48°17′09″N 119°48′15″W / 48.2857039°N 119.804232°W). A post office called Olema was established in 1896, and remained in operation until 1924.