Prime Commercial/Multi-Family building on a corner lot with good parking and very close to downtown. Easy short distance to Ralph's Thriftway. Building is located on a corner on a block with excellent visibility and in good company with other commercial businesses located in close proximity on 4th Ave. Excellent Income potential with Retail Space with good natural lighting. Additional Income from the three fully rented apartments. Cap Rate 8%.
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$2,670
Year Built
Built in 1927
Lot Details
3,920 Sq Ft Lot
Lot Dimensions are 64x60x63x60
Corner Lot
Property is in good condition
Home Design
Triplex
Poured Concrete
Composition Roof
Metal Roof
Wood Composite
Interior Spaces
2,704 Sq Ft Home
3-Story Property
Flooring
Wall to Wall Carpet
Laminate
Concrete
Vinyl
Parking
8 Parking Spaces
1 Covered Space
Open Parking
Schools
Madison Elementary School
Reeves Mid Middle School
Olympia High School
Utilities
Cable TV Available
Community Details
Olympia Subdivision
Listing and Financial Details
Assessor Parcel Number 33300100802
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$2,670
Year Built
Built in 1927
Lot Details
0
Listing Details
Property Type: Residential Income
Property Sub Type: Multi-Family
StyleCode: 53 - Tri-plex
Year Built: 1927
Buyer Agency Compensation: 3
MLS Status: Sold
Prev Status: Closed
New Construction: No
CalculatedSquareFootage: 2704
Special Features: None
Cumulative Days on Market: 566
Interior Features
Possible Use: Business, Commercial, Multi-Family, Office, Residential, Retail
Great Opportunity to own a well-maintained Duplex in downtown Olympia. 2 Units currently occupied and generating income. Unit #1 is 1 BR, 1 BA 832sf with private access to side/back yard, Unit #2 is upstairs unit with 1 BR, 1 BA 474 sf. Both units are equipped with R/O, Dishwasher, Fridge, W/D. Cap Rate of over 5%. 3 blocks from Capitol Campus, 1/2 block to Olympia Library and US Post office.
Unbeatable waterfront location! Super unique and special property with TWO RUSTIC CABINS, an INCREDIBLE boat house with sleeping loft and kitchen area sitting over the Puget Sound with the most stunning view of the Olympic mountains. Property has westerly view and will take your breath away with amazing sunsets. Upper cabin was creatively built in the 80's and has a beautiful garden space. Lower
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ICE
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First American
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Quantarium
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area
Source: Public Records
Average Home Value in this Area
Source: Public Records
Purchase History
Date
Buyer
Sale Price
Title Company
1502 4Th Ave Olympia Llc
$299,719
Thurston County Title
Ledonna Michael
--
None Available
Ledonna Michael
$348,000
Stewart Title Of Western Was
Sharp & Sharp Holdings Llc
--
Stewart Title Of Wester
Sharp & Sharp Holdings Llc
$120,000
Chicago Title Co
Boyd Real Estate Investments Inc
--
Chicago Title Co
Jdc Homes & Remodel Inc
$165,000
Transnation Title Insurance
Source: Public Records
Mortgage History
Date
Status
Borrower
Loan Amount
Open
1502 4Th Ave Olympia Llc
$300,000
Previous Owner
Sharp & Sharp Holdings Llc
$117,098
Previous Owner
Sharp & Sharp Holdings Llc
$114,000
Previous Owner
Jdc Homes & Remodel Inc
$192,500
Closed
Jdc Homes & Remodel Inc
$25,000
Source: Public Records
Property History
Date
Event
Price
Change
Sq Ft Price
04/23/201504/23/15
Sold
$300,000
-11.5%
$111 / Sq Ft
02/27/201502/27/15
Pending
--
--
--
11/03/201411/03/14
For Sale
$339,000
--
$125 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)
Tax History Compared to Growth
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax 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
2024
$3,947
$382,500
$75,800
$306,700
2023
$3,947
$377,100
$78,100
$299,000
2022
$3,918
$432,400
$62,000
$370,400
2021
$3,533
$327,700
$73,700
$254,000
2020
$3,790
$273,400
$103,900
$169,500
2019
$3,518
$286,200
$121,800
$164,400
2018
$3,584
$266,000
$121,400
$144,600
2017
$3,250
$260,000
$122,000
$138,000
2016
--
$218,000
$101,700
$116,300
2014
--
$206,950
$96,350
$110,600
Source: Public Records
Map
Source: Northwest Multiple Listing Service (NWMLS)
This home is located at 1502 4th Ave E, Olympia, WA 98506 since 03 November 2014 and is currently estimated at $568,500, approximately $210 per square foot. This property was built in 1927. 1502 4th Ave E is a home located in Thurston County with nearby schools including Madison Elementary School, Reeves Middle School, and Avanti High School.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
