Listed by Better Properties N. Proctor, Bought with Olympic Sotheby's Int'l Realty
NOT LISTED FOR SALE

1941 State Ave NE Olympia, WA 98506

Upper Eastside Neighborhood
-- Bed
-- Bath
5,439 Sq Ft
8,490 Sq Ft Lot

Last Sold January 05, 2022

Last sale price $1,400,000 $257 Per Sq Ft

Highlights

  • Deck
  • Territorial View
  • Corner Lot
  • Reeves Middle School Rated A-
  • Wood Flooring
  • No HOA

About This Home

As of January 2022

The Beverly Apartment consists of 2 buildings with 10 units (9 one bedroom & 1 two bedroom). Strong rental history with long term tenants. This apartment complex is located in a great area where tenants are very close to neighborhood restaurants, grocery stores, hair salons, a bike shop, yoga studio & more. It's a short walk to the center of the vibrant downtown Olympia area located on Budd Bay! This remarkable location is also close to I-5, hospitals, lovely parks, shopping & main bus lines. Apartment boasts a stable tenant population & is within the Olympia school district. Nearby bus service St. Martins, The Evergreen State College & South Puget Sound Community College. Zoning is HDC-2.

Last Agent to Sell the Property

Valerie Albright

Better Properties N. Proctor License #83734 Listed on: 11/23/2021

Better Properties N. Proctor

Co-Listed By

Erik Robbins

RE/MAX Northwest License #108299

Last Buyer's Agent

Tommy Lowe

Olympic Sotheby's Int'l Realty License #97082

Olympic Sotheby's Int'l Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1862347

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,636

Year Built

  • Built in 1958

Lot Details

  • 8,490 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot
  • Property is in average condition

Home Design

  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 5,439 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • 10 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Schools

  • Olympia High School

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Olympia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 55300500400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,636

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1958
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 5439
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: See Remarks, Territorial
  • Lot Features: Corner Lot, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Slab
  • Property Condition: Average
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 10
  • Open Parking: Yes
  • Total Parking Spaces: 10
  • ParkingUncoveredSpaces: 10

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electricity Available
  • HeatingCoolingType: Baseboard
  • PowerCompany: PSE
  • SewerCompany: City of Olympia
  • WaterCompany: City of Olympia
  • WaterSewerGarbage: 13800

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Olympia
  • High School: Olympia High
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 55300500400
  • Lot Size Acres: 0.1949
  • Lot Size Sq Ft: 8490
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 8575

Multi Family

  • Gross Scheduled Income: 102900
  • Net Operating Income: 80508
  • Insurance Expense: 5000
  • Leasable Area: 5439
  • EnergySource: Electric
  • UnitsInBuildingTotal: 10
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2021
  • Tax Annual Amount: 4636

MLS Schools

  • Elementary School: Buyer To Verify

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
01/05/2022 01/05/22 Sold $1,400,000 +1.1% $257 / Sq Ft
12/14/2021 12/14/21 Pending -- -- --
11/23/2021 11/23/21 For Sale $1,385,000 +192.2% $255 / Sq Ft
11/09/2012 11/09/12 Sold $473,990 -5.2% $86 / Sq Ft
09/11/2012 09/11/12 Pending -- -- --
06/13/2012 06/13/12 For Sale $499,999 -- $91 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Valerie Albright

    Seller's Agent in 2022

    Valerie Albright

    Better Properties N. Proctor

    (360) 791-3845

    1 in this area

    64 Total Sales

    Valerie Albright
    Section Image
  • Erik Robbins

    Seller Co-Listing Agent in 2022

    Erik Robbins

    RE/MAX

    (602) 743-7705

    1 in this area

    6 Total Sales

    Erik Robbins
    Section Image
  • Tommy Lowe

    Buyer's Agent in 2022

    Tommy Lowe

    Olympic Sotheby's Int'l Realty

    (360) 792-3854

    4 in this area

    117 Total Sales

    Tommy Lowe
    Section Image

  • C

    Seller's Agent in 2012

    Cynthia Niles

    Pettit Realty LLC

    (360) 701-4700

    28 Total Sales

    Cynthia Niles
    Section Image
  • David Kettel

    Seller Co-Listing Agent in 2012

    David Kettel

    Kettel Realty

    (360) 280-7025

    59 Total Sales

    David Kettel
    Section Image
  • Susan Draper

    Buyer's Agent in 2012

    Susan Draper

    Wilcox Real Estate

    (360) 402-2343

    26 Total Sales

    Susan Draper
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1862347

Northwest Multiple Listing Service (NWMLS)
Washington Thurston County Olympia 98501 Upper Eastside

1941 State Ave NE, Olympia, WA

This home is located at 1941 State Ave NE, Olympia, WA 98506 since 23 November 2021. This property was built in 1958. 1941 State Ave NE 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.

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

Nearby Homes