NOT LISTED FOR SALE

2116 Soroya Ct SW Olympia, WA 98502

South Westside Neighborhood
8 Beds
4 Baths
4,532 Sq Ft
9,522 Sq Ft Lot

Last Sold October 10, 2023

Last sale price $873,000 $193 Per Sq Ft

94 Days on Market

Highlights

  • Deck
  • Territorial View
  • Ceramic Tile Flooring
  • Thurgood Marshall Middle School Rated A-
  • Cul-De-Sac
  • Baseboard Heating

About This Home

As of October 2023

Welcome to the perfect investment opportunity! This exceptional property features four spacious 2-bedroom, 1-bath units. Highly desired West Olympia location. Well maintained condition, fresh exterior paint, rents are currently below market value, it offers an excellent return on investment. Each unit has their own garage as well as 1 reserved space along with ample guest parking. Situated in a vibrant community, it fosters long-term tenancies and remarkable profitability. Current cap rate at 4.2% with realistic cap rate at 7.18% at market rent. Contact us now to maximize returns on this exceptional investment!

Last Listed By

Phil Mondau

Mondau Real Estate License #22005792 Listed on: 06/09/2023

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2125549

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,324

Year Built

  • Built in 1977

Lot Details

  • 9,522 Sq Ft Lot
  • Cul-De-Sac
  • Street terminates at a dead end
  • Property is in average condition

HOA Fees

  • $139 Monthly HOA Fees

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 4,532 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck

Schools

  • Capital High School

Utilities

  • Baseboard Heating
  • High Speed Internet
  • Cable TV Available

Community Details

  • Normandy Park Condos
  • Westside Subdivision

Listing and Financial Details

  • Assessor Parcel Number 65240002100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,324

Year Built

Built in 1977

Lot Details

0

HOA Fees

$139 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1977
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Normandy Park
  • New Construction: No
  • CalculatedSquareFootage: 4532
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 355

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Cul-De-Sac, Curbs, Dead End Street, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: City of Olympia
  • WaterCompany: City of Olympia
  • CableConnected: Xfinity
  • InternetConnected: Xfinity
  • WaterSewerGarbage: 4850

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 139
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

  • Junior High Dist: Olympia
  • High School: Capital High

Lot Info

  • Parcel Number: 65240002100
  • Lot Size Acres: 0.2186
  • Lot Size Sq Ft: 9522
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,High Speed Internet
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Wood

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16.38
  • LeasedItems: None
  • TotalMonthlyIncome: 4960

Multi Family

  • Gross Scheduled Income: 59520
  • Net Operating Income: 44254
  • Number Of Units Total: 4
  • Insurance Expense: 1634
  • Leasable Area: 4532
  • EnergySource: Electric,Wood
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2023
  • Tax Annual Amount: 6324

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
10/10/2023 10/10/23 Sold $873,000 -2.5% $193 / Sq Ft
09/11/2023 09/11/23 Pending -- -- --
08/04/2023 08/04/23 Price Changed $895,000 -8.2% $197 / Sq Ft
06/09/2023 06/09/23 For Sale $975,000 -- $215 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Phil Mondau

    Seller's Agent in 2023

    Phil Mondau

    Mondau Real Estate

    (360) 789-5355

    1 in this area

    95 Total Sales

    Phil Mondau
    Section Image
  • Aaron Nelson

    Buyer's Agent in 2023

    Aaron Nelson

    Skyline Properties, Inc.

    (425) 906-9080

    1 in this area

    113 Total Sales

    Aaron Nelson
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2125549

Northwest Multiple Listing Service (NWMLS)

Washington Thurston County Olympia 98502 South Westside

2116 Soroya Ct SW, Olympia, WA

Homes for Sale in Olympia, WA

This home is located at 2116 Soroya Ct SW, Olympia, WA 98502 since 09 June 2023. This property was built in 1977. 2116 Soroya Ct SW is a home located in Thurston County with nearby schools including Julia Butler Hansen Elementary School, Thurgood Marshall Middle School, and Capital 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.

Nearby Homes