Listed by Greene Commercial, Bought with RE/MAX Whatcom County, Inc.
$1,737,500
SOLD JUN 17, 2016

1714 Evergreen Park Ct SW Olympia, WA 98502

-- Bed
-- Bath
17,575 Sq Ft
0.88 Acres

Recently Sold

$99 Per Sq Ft

10% Below List Price

10 Days on Market

Highlights

  • Deck
  • Territorial View
  • Wood Siding
  • Jefferson Middle School Rated A
  • Cul-De-Sac
  • Wall to Wall Carpet

About This Home

As of March 2025

Great 22 Unit Multi-Family Apartment Complex. Great investment opportunity. 100% occupied with great potential rent upside. Current CAP Rate of 6.6% on actuals with potential for 7.5%+ based on current market rates. Great rental history. All units have decks/patios. Complex totals 7 buildings with on-site laundry for additional income. Newer roofs, ample parking and serene wooded setting. Not to be missed!

Last Agent to Sell the Property

Quint Newell

Greene Commercial License #113575 Listed on: 03/02/2016

Greene Commercial

Last Buyer's Agent

Brad Hanks

RE/MAX Whatcom County, Inc. License #73959

RE/MAX Whatcom County, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 903512

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,324

Year Built

  • Built in 1972

Lot Details

  • 0.88 Acre Lot
  • Cul-De-Sac
  • Property is in good condition

Home Design

  • Pillar, Post or Pier Foundation
  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Vinyl Construction Material

Interior Spaces

  • 17,575 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 26 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Schools

  • Garfield Elementary School
  • Jefferson Mid Middle School
  • Capital High School

Community Details

  • Olympia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 46830002600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,324

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1972
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 17575
  • Special Features: None
  • Cumulative Days on Market: 368

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Cul-De-Sac
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl, Wood
  • Foundation Details: Post & Pillar, Poured Concrete, Slab
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 18
  • Carport Y N: No
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 26
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Olympia
  • WaterCompany: City of Olympia
  • WaterSewerGarbage: 14200

Schools

  • Junior High Dist: Olympia
  • High School: Capital High
  • Middle Or Junior School: Jefferson Mid

Lot Info

  • Parcel Number: 46830002600
  • Lot Size Acres: 0.881
  • Lot Size Sq Ft: 38376
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck
  • MLSLotSizeSource: Geo Data
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: None
  • TotalMonthlyIncome: 15590

Multi Family

  • Gross Scheduled Income: 187080
  • Net Operating Income: 127778
  • Number Of Units Total: 3
  • Electric Expense: 3148
  • Insurance Expense: 5000
  • Leasable Area: 17575
  • UnitsInBuildingTotal: 22
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2016
  • Tax Annual Amount: 14324

MLS Schools

  • Elementary School: Garfield Elem

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2025 03/12/25 Sold $3,800,000 -9.5% $216 / Sq Ft
01/27/2025 01/27/25 Pending -- -- --
01/15/2025 01/15/25 For Sale $4,200,000 +141.7% $239 / Sq Ft
06/17/2016 06/17/16 Sold $1,737,500 -9.7% $99 / Sq Ft
03/14/2016 03/14/16 Pending -- -- --
03/03/2016 03/03/16 For Sale $1,925,000 -- $110 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • River Voorhees

    Seller's Agent in 2025

    River Voorhees

    Westlake Associates, Inc.

    (206) 250-9934

    13 Total Sales

    River Voorhees
    Section Image
  • Louis Voorhees

    Seller Co-Listing Agent in 2025

    Louis Voorhees

    Westlake Associates, Inc.

    (206) 505-9400

    13 Total Sales

    Louis Voorhees
    Section Image
  • Quint Newell

    Seller's Agent in 2016

    Quint Newell

    Greene Commercial

    (360) 688-8333

    36 Total Sales

    Quint Newell
    Section Image
  • Brad Hanks

    Buyer's Agent in 2016

    Brad Hanks

    RE/MAX Whatcom County

    (360) 966-6726

    43 Total Sales

    Brad Hanks
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 903512

Northwest Multiple Listing Service (NWMLS)
Washington Thurston County Olympia 98502

1714 Evergreen Park Ct SW, Olympia, WA

This home is located at 1714 Evergreen Park Ct SW, Olympia, WA 98502 and is currently priced at $1,737,500, approximately $98 per square foot. This property was built in 1972. 1714 Evergreen Park Ct SW is a home located in Thurston County with nearby schools including Garfield Elementary School, Jefferson 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.

Northwest Multiple Listing Service (NWMLS) 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. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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