3532 Mary Elder RD NE, Olympia, WA 98506
3532 Mary Elder RD NE, Olympia, WA 98506
3532 Mary Elder RD NE, Olympia, WA 98506
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Josh Barnard

Josh Barnard

+1(253) 677-5765
Listed by:COMPASS • Lisa Le
$1,750,000
Est. payment /mo
20 Beds
10 Baths
7,163 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending

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

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Josh Barnard

Josh Barnard

+1(253) 677-5765

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