NOT LISTED FOR SALE

204 4th Ave W Olympia, WA 98501

Downtown Olympia Neighborhood

Estimated Value: $3,054,000 - $3,092,063

-- Bed
21 Baths
-- Sq Ft
7,200 Sq Ft Lot

Last Sold April 28, 2019

Last sale price $1,900,000

Est. 62% increase in value since last sale

Current estimated payment $16,997/month

8 Days on Market

Highlights

  • Corner Lot
  • High Speed Internet
  • 2-minute walk to Capitol Lake Park
  • Lincoln Elementary School Rated A-

About This Home

As of April 2019

Historic building on a prime corner in downtown Olympia. Located in the Department of Commerce designated Opportunity Zone. 3 stories. Floor 1 (7,200 sf): 1 full-service restaurant and 5 retail suites. Floor 2 ( 6,000 sf): 29 apartment units split between floors 2 and 3. Floor 3 (6,000 sf): 14 apartment units. Value-add opportunity with under market rents ready for professional management. Non-conforming residential units.

Last Agent to Sell the Property

Brian Richardson

Kidder Mathews License #78371 Listed on: 03/20/2019

Last Buyer's Agent

Andre Scott

Better Properties NW License #110296

Better Properties NW

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1429770

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,728

Year Built

  • Built in 1897

Lot Details

  • 7,200 Sq Ft Lot
  • Corner Lot

Home Design

  • Flat Roof Shape
  • Wood Composite

Interior Spaces

  • 3-Story Property

Utilities

  • Radiator
  • High Speed Internet
  • Cable TV Available

Community Details

  • Olympia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 78507300700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,728

Year Built

Built in 1897

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1897
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • Special Features: None
  • Cumulative Days on Market: 276

Interior Features

  • Possible Use: Commercial
  • Fireplace: No
  • Interior Amenities: Radiator
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Flat
  • Lot Features: Alley, Corner Lot, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • WaterSewerGarbage: 40450

Schools

  • Junior High Dist: Olympia

Lot Info

  • Parcel Number: 78507300700
  • Lot Size Acres: 0.1653
  • Lot Size Sq Ft: 7200
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,High Speed Internet
  • MLSLotSizeSource: Public Records
  • ZoningClass: Commercial

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 8
  • LeasedItems: None
  • TotalMonthlyIncome: 25132

Multi Family

  • Gross Scheduled Income: 301595
  • Net Operating Income: 151512
  • Number Of Units Total: 9
  • Insurance Expense: 9745
  • Leasable Area: 19200
  • UnitsInBuildingTotal: 35
  • UnitsBelowGrade: false
  • VacancyRate: 7

Tax Info

  • Year: 2019
  • Tax Annual Amount: 17728

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2019
Closed on
Apr 24, 2019
Sold by
Interlook Properties Llc
Bought by
Taj 2 Llc
Seller's Agent
Brian Richardson
Kidder Mathews
Buyer's Agent
Andre Scott
Better Properties NW
List Price
$2,295,000
Sold Price
$1,900,000
Premium/Discount to List
-$395,000
-17.21%
Total Days on Market
8
Current Estimated Value
$3,073,032

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,173,032
Avg. Annual Appreciation
8.18%
Original Mortgage
$367,500
Interest Rate
4.3%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 27, 1995
Sold by
Brown Larry K and Brown Alice Drue
Bought by
Interlock Properties
Source: Public Records

Range of Values:

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Average Value
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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
Taj 2 Llc $1,900,000 Stewart Title Thurston
Interlock Properties -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Taj 2 Llc $3,375,000
Closed Taj 2 Llc $1,260,000
Closed Taj 2 Llc $367,500
Closed Taj 2 Llc $1,820,000
Closed Taj 2 Llc $147,000
Previous Owner Interlock Properties Llc $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2019 04/28/19 Sold $1,900,000 -17.2% --
03/28/2019 03/28/19 Pending -- -- --
03/20/2019 03/20/19 For Sale $2,295,000 -- --
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

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
2024 $8,255 $2,514,300 $362,000 $2,152,300
2023 $8,255 $2,451,300 $330,200 $2,121,100
2022 $23,883 $2,903,700 $310,000 $2,593,700
2021 $21,249 $2,001,800 $437,900 $1,563,900
2020 $17,602 $1,648,200 $268,700 $1,379,500
2019 $10,061 $1,331,900 $331,900 $1,000,000
2018 $11,129 $826,800 $443,500 $383,300
2017 $10,486 $840,500 $445,600 $394,900
2016 $8,696 $685,250 $344,950 $340,300
2014 -- $696,300 $325,600 $370,700
Source: Public Records

Agents Affiliated with this Home

  • Brian Richardson

    Seller's Agent in 2019

    Brian Richardson

    Kidder Mathews

    (206) 276-6811

    6 Total Sales

    Brian Richardson
    Section Image

  • A

    Buyer's Agent in 2019

    Andre Scott

    Better Properties NW

    (253) 202-1454

    92 Total Sales

    Andre Scott
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1429770

Northwest Multiple Listing Service (NWMLS)

APN: 78507300700

Washington Thurston County Olympia 98501 Downtown Olympia

204 4th Ave W, Olympia, WA

This home is located at 204 4th Ave W, Olympia, WA 98501 since 20 March 2019 and is currently estimated at $3,073,032. This property was built in 1897. 204 4th Ave W is a home located in Thurston County with nearby schools including Lincoln Elementary School, Washington 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) 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. ©2025 NWMLS.

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