Listed by Green Path Real Estate, Bought with Skyline Properties, Inc.
NOT LISTED FOR SALE
-- Bed
-- Bath
1,874 Sq Ft
0.28 Acre Lot

Sale Details

Date Sold: January 10, 2024

Last sale price $510,000 $272 Per Sq Ft

142 Days on Market

Highlights

  • RV Access or Parking
  • Territorial View
  • Thermal Windows
  • Reeves Middle School Rated A-
  • No HOA
  • Forced Air Heating System

About This Home

As of January 2024

Remodeled Tri-Plex on large lot in Central Olympia. Easy walking distance to Downtown, the Capitol and Waterfront. New windows, exterior paint, roof and gutters. All units have been freshly painted and new floor covering installed when current tenants moved in. All units have private yards. Each unit has 3 parking spaces, plus extra parking off alley. Please do not disturb the tenants!!! Tenants pay all utilities. Great cash flow 7.9 cap rate. Interior inspection with 48-hour notice. NO Sign. All units have washer dryer hookups.

Last Agent to Sell the Property

Richard Maxwell

Green Path Real Estate License #16980 Listed on: 07/21/2023

Last Buyer's Agent

Aaron Nelson

Skyline Properties, Inc. License #127645

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2141748

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,121

Year Built

  • Built in 1901

Lot Details

  • 12,000 Sq Ft Lot
  • Property is in good condition

Home Design

  • Triplex
  • Block Foundation
  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,874 Sq Ft Home
  • 1-Story Property
  • Thermal Windows
  • Wall to Wall Carpet
  • Territorial Views

Parking

  • Open Parking
  • RV Access or Parking

Utilities

  • Forced Air Heating System
  • Baseboard Heating
  • Radiant Heating System
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Eastside Olympia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 78206901302

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,121

Year Built

Built in 1901

Lot Details

0.28 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1901
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • Structure Type: Triplex
  • CalculatedSquareFootage: 1874
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Post & Block, Slab
  • Property Condition: Good

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: No
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 9

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Forced Air, Radiant
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: COO
  • WaterCompany: City of Olympia
  • CableConnected: comcast
  • InternetConnected: Comcast

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Olympia

Lot Info

  • Parcel Number: 78206901302
  • Lot Size Acres: 0.2755
  • Lot Size Sq Ft: 12000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Gas Available,High Speed Internet,RV Parking
  • MLSLotSizeSource: TCR
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 11.49
  • LeasedItems: None
  • TotalMonthlyIncome: 4315

Tax Info

  • Year: 2023
  • Tax Annual Amount: 3121

Multi Family

  • Number Of Units Total: 3
  • EnergySource: Electric,Natural Gas
  • UnitsBelowGrade: false

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2023
Closed on
Jan 3, 2024
Sold by
Bought by
Seller's Agent
Richard Maxwell
Green Path Real Estate
Buyer's Agent
Aaron Nelson
Skyline Properties, Inc.
List Price
$549,950
Sold Price
$510,000
Premium/Discount to List
-$39,950
-7.26%
Views
139

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,500
Interest Rate
0.0722%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,875
Interest Rate
0.044%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 19, 2015
Sold by
Bought by

Purchase Details

Closed on
Oct 26, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
0.0568%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 11, 2005
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$510,000 Chicago Title
$302,500 Chicago Title Co
-- None Available
$393,539 Thurston County Title
-- Thurston County Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $382,500
Previous Owner $226,875
Previous Owner $180,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/10/2024 01/10/24 Sold $510,000 -7.3% $272 / Sq Ft
12/10/2023 12/10/23 Pending -- -- --
11/15/2023 11/15/23 For Sale $549,950 0.0% $293 / Sq Ft
11/11/2023 11/11/23 Pending -- -- --
10/25/2023 10/25/23 Price Changed $549,950 -5.2% $293 / Sq Ft
09/04/2023 09/04/23 Price Changed $579,950 -2.5% $309 / Sq Ft
08/06/2023 08/06/23 For Sale $595,000 0.0% $318 / Sq Ft
07/31/2023 07/31/23 Pending -- -- --
07/21/2023 07/21/23 For Sale $595,000 -- $318 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,926 $499,600 $320,000 $179,600
2024 $2,926 $481,400 $310,400 $171,000
2023 $2,926 $279,300 $165,400 $113,900
2022 $3,319 $312,500 $192,400 $120,100
2021 $2,927 $277,500 $174,900 $102,600
2020 $3,276 $226,400 $107,800 $118,600
2019 $2,555 $247,300 $163,500 $83,800
2018 $2,546 $188,900 $108,300 $80,600
2017 $2,209 $176,450 $98,050 $78,400
2016 $1,638 $149,200 $109,300 $39,900
2014 -- $130,600 $115,400 $15,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2141748

Northwest Multiple Listing Service (NWMLS)
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