Presented by: Olympic Sotheby's Int'l Realty and NWMLS
Property Description
Unique Investor or Developer Opportunity in Downtown Olympia! Don't miss this one! Listing includes a duplex and 7-plex on one parcel and a leased parking lot. Under market rents, all tenants on month to month tenancy. Units offer a mix of studios and one-bedrooms. Parking spots lease for $30/mo with over 20 stalls! Close to downtown, waterfront, and shopping. Zoned UR (Urban Residential), allows for high-rise redevelopment or mixed-use opportunities!
Interior Features
Bedrooms
Bedrooms Upper0
Bathrooms
Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringHardwood, Vinyl, Carpet
Heating Y/NYes
Power Production TypeElectric, Natural Gas
Total Fireplaces0
Total Stories3
General
AmenitiesBasement
Building Area Units0 sqft
Cap Rate0
Carport Spaces0
Carport Y/NNo
CityOlympia
CoolingNone
CountyThurston
DirectionsFrom Plum head west on Union Ave, right on Adams to property on the right
Electric Expense0
Elementary SchoolBuyer To Verify
Fuel Expense1307
Garage Spaces0
HOANo
HOA Fee$0
HeatingForced Air
High SchoolOlympia High
High School DistrictOlympia
Insurance Expense4591
Leasable Area4,776 sqft
Listing TermsCash, Conventional
Living Area0 sqft
Lot Size Square Feet14,400 sqft
Lot Size UnitsSquare Feet
MLS Area447 - Olympia North
Middle/Junior High SchoolBuyer To Verify
NWM_ShowMapLinkY
Net Operating Income60263
New ConstructionNo
Number Of Units Total1
PossessionSubject To Tenant Rights
Possible UseMulti-Family, Residential
Property ConditionFair
Property Style55 - 5-9 Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksUnique Investor or Developer Opportunity in Downtown Olympia! Don't miss this one! Listing includes a duplex and 7-plex on one parcel and a leased parking lot. Under market rents, all tenants on month
RoofComposition
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameOlympia
Tax Annual Amount$10,082
Tax Year2025
Units Below Gradetrue
Units In Building Total9
ViewTerritorial
Water CompanyCity of Olympia
Water Sewer Garbage9314
Year Built1901
Zoning DescriptionMulti-Family, Residential
Exterior
Building Area Total4,776 sqft
Covered Spaces0
Exterior AmenitiesWood, Wood Products
Foundation DetailsBlock, Slab
Irrigation Water Rights Y/NNo
Lot FeaturesAlley, Curbs, Paved, Sidewalk
Lot Size Acres0.3306
Parking Uncovered Total24
Site FeaturesCable TV, Gas Available, High Speed Internet
Total Parking24
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Olympia High
Elementary School
Buyer To Verify Elementary School
Middle School
Buyer To Verify Middle School
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Contact
914 15th St #1
Anaccortes, WA 98221
Anaccortes, WA 98221