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Olympia,WA 98501
Key Details
Property Type Other Types
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,320 sqft
Price per Sqft $387
Subdivision Olympia
MLS Listing ID 2433443
Style 54 - 4-Plex
Bedrooms 5
Year Built 1968
Annual Tax Amount $3,585
Lot Size 5,204 Sqft
Lot Dimensions 60x103
Property Sub-Type Multi Family
Property Description
The highest-earning 4-plex in Thurston County—fully occupied and producing $82,116 in gross annual income. Long-term tenants and zero vacancy make this a standout investment. Three 1-bed/1-bath units and one 2-bed/1-bath, all upgraded with refreshed counters, doors, efficient wall heaters. Coin-op laundry, individual storage sheds, and 7 off-street parking stalls add convenience and value. Located in a high-demand rental corridor just minutes from downtown Olympia, St. Peters Hospital, shopping, parks, and bus lines. Owner pays W/S/G; tenants pay power. This property offers exceptional cash flow, income stability, and future potential—ideal for investors seeking strong returns and lasting value - numbers don't get better than this!
Location
State WA
County Thurston
Area 447 - Olympia North
Interior
Flooring Laminate,Vinyl
Fireplace false
Exterior
Exterior Feature Wood,Wood Products
Amenities Available Cable TV,Fenced-Partially
View Y/N No
Roof Type Composition
Building
Lot Description Dead End Street,Paved,Sidewalk
Sewer Septic Tank
New Construction No
Schools
Elementary Schools Mountain View Elementary
Middle Schools Chinook Mid
High Schools North Thurston High
School District North Thurston
Others
Senior Community No
Acceptable Financing Cash Out,Conventional
Listing Terms Cash Out,Conventional