NOT LISTED FOR SALE
7 Beds
4 Baths
3,208 Sq Ft
0.4 Acres

Last Sold April 01, 2024

Last sale price $711,000 $222 Per Sq Ft

72 Days on Market

Highlights

  • RV Access or Parking
  • 0.4 Acre Lot
  • Corner Lot
  • Michael T. Simmons Elementary School Rated A-
  • Territorial View
  • No HOA

About This Home

As of April 2024

TUMWATER 4-PLEX IN GREAT AREA - Close to Tumwater, schools, COSTCO, WALMART, HOME DEPOT,... Connected to City Water. Bonus rooms in many units. Underfloor storage area (~400sf). Plenty of parking,... and room for RV parking. Nice grassy yard area. Community Laundry Room. Well maintained building, recently serviced HVAC (Carrier FA units). Units are mostly remodeled (see photos). All existing tenants on M2M. Current rents are below market value. Annual Gross at $54,900, and could be "$65,000+"??? 100% occupancy for years--- Very desirable area and units!

Last Agent to Sell the Property

Tom Schrader

RE/MAX Parkside Affiliates License #118109 Listed on: 12/15/2023

RE/MAX Parkside Affiliates

Last Buyer's Agent

Tom Schrader

RE/MAX Parkside Affiliates License #118109 Listed on: 12/15/2023

RE/MAX Parkside Affiliates

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2186221

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,923

Year Built

  • Built in 1941

Lot Details

  • 0.4 Acre Lot
  • Partially Fenced Property
  • Corner Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Block Foundation
  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Vinyl Construction Material
  • Wood Composite

Interior Spaces

  • 3,208 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Patio

Schools

  • Michael T Simmons El Elementary School
  • Tumwater Mid Middle School
  • A G West Black Hills High School

Utilities

  • Forced Air Heating System
  • Septic Tank
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Tumwater Subdivision

Listing and Financial Details

  • Assessor Parcel Number 80700000104

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,923

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1941
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3208
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 441

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, See Remarks, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Laminate Hardwood, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,See Remarks

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl, See Remarks, Wood, Wood Products
  • Foundation Details: Block, Poured Concrete, Slab
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterCompany: City of Olympia
  • WaterSewerGarbage: 1

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • Annual Fuel Expense: 1

Schools

  • Junior High Dist: Tumwater
  • High School: A G West Black Hills
  • Middle Or Junior School: Tumwater Mid

Lot Info

  • Parcel Number: 80700000104
  • Lot Size Acres: 0.4
  • Lot Size: Varies
  • Lot Size Sq Ft: 17424
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Gas Available,Patio,RV Parking
  • MLSLotSizeSource: GeoData
  • MLSSquareFootageSource: GeoData
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 1
  • LeasedItems: None
  • TotalMonthlyIncome: 4575

Multi Family

  • Gross Scheduled Income: 54900
  • Net Operating Income: 1
  • Number Of Units Total: 4
  • Electric Expense: 1
  • Insurance Expense: 1
  • Leasable Area: 3208
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2023
  • Tax Annual Amount: 5923

MLS Schools

  • Elementary School: Michael T Simmons El

Range of Values:

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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
04/01/2024 04/01/24 Sold $711,000 -8.3% $222 / Sq Ft
02/25/2024 02/25/24 Pending -- -- --
12/15/2023 12/15/23 For Sale $775,000 +160.9% $242 / Sq Ft
02/19/2014 02/19/14 Sold $297,000 -1.0% $84 / Sq Ft
01/15/2014 01/15/14 Pending -- -- --
01/06/2014 01/06/14 For Sale $299,900 -- $85 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2186221

Northwest Multiple Listing Service (NWMLS)