16
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Listed by COMPASS
$1,750,000
Est. payment /mo
20 Beds
10 Baths
7,163 SqFt
Active
3532 Mary Elder RD NE Olympia, WA 98506
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,163 sqft
Price per Sqft $244
Subdivision Olympia
MLS Listing ID 2339340
Style 53 - Tri-plex
Bedrooms 20
Year Built 1950
Annual Tax Amount $9,920
Lot Size 0.480 Acres
Property Sub-Type Multi Family
Property Description
Exceptional opportunity to own a fully leased 11-unit transitional housing property in the heart of Olympia, generating a strong $148,073 in annual NOI. Spread across three buildings, this triplex-configured asset delivers consistent performance with long-term tenancy and stable returns. Features include shared laundry and ample off-street parking—enhancing tenant retention in this central location. Residents benefit from close proximity to shopping, dining, and transit. This is an ideal acquisition for impact-focused buyers or investors seeking immediate cash flow and long-term potential. Don't miss this rare opportunity to own a high-performing asset in one of Olympia's most accessible neighborhoods.
Location
State WA
County Thurston
Area 447 - Olympia North
Interior
Flooring Laminate, Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood, Wood Products
Amenities Available Fenced-Partially
View Y/N No
Roof Type Composition
Building
Lot Description Paved
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District North Thurston
Others
Senior Community No
Acceptable Financing Cash Out, Conventional, Rehab Loan
Listing Terms Cash Out, Conventional, Rehab Loan
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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