Listed by Lisa Le, COMPASS
- 7,163
- Square feet
- $244
- Per sq ft
- Multi Family
- Type
- 1950
- Year built
- 20,909 sq ft
- Lot
- 313
- Days on market
About this property
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 & commute
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Property details
Listing details
- Listing number
- #2339340
- Listed
- March 6, 2025
- Days on market
- 313
- Price per sq ft
- $244
Unit & building
- Stories in building
- 2
- Units in building
- 11
Parking
- Total spaces
- 8
Construction
- Year built
- 1950
- Style
- 53 - Tri-plex
- Structure
- Triplex
- Roof
- Composition
Heating & cooling
- Heating
- Baseboard
- Cooling
- None
- Energy source
- Electric
Flooring
- Flooring
- LaminateVinylCarpet
Lot
- Lot features
- Paved
- Lot size
- 20,909 sq ft
Terms
- Terms offered
- Cash OutConventionalRehab Loan
Utilities
- Water
- Public
- Sewer
- Sewer Connected
Schools
- District
- North Thurston
What stands out to you?
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- Triplex
- Composition
- Baseboard
- None
- Electric
- Laminate
- Vinyl
- Carpet
- Paved
- Cash Out
- Conventional
- Rehab Loan
Listing history
Listed
$1,750,000
March 6, 2025
Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.
Payment estimate
An estimate to help you plan, not a loan offer or financial advice.
Est. monthly
$10,191
- Principal & interest
- $8,849
- Property tax (est.)
- $1,342
Assumes $350,000 down (20%), a $1,400,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.
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Based on information submitted to the MLS GRID as of July 14, 2026 at 12:15 AM PDT. 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.