Listed by Greene Commercial
$1,150,000

Estimated payment $7,070/month

Total Views 23,572
7 Beds
9 Baths
5,964 Sq Ft
$193 Price per Sq Ft

Highlights

  • No HOA
  • High Speed Internet
  • 1-minute walk to Beatty Memorial Park
  • Lincoln Elementary School Rated A-
  • Wall to Wall Carpet

About This Home

First time on the market in nearly half a century! This Downtown Olympia mixed use building features a fully equipped 3,000+/- sq ft restaurant space with a bar on the lower level, and a separate entrance to the 7 studio apartments upstairs. The kitchen is stocked with fryers, stoves, spacious walk-in refrigerator, a type-1 hood, and more! Apartments are easily leased and below market, with coin operated washer and dryer. 9 separate meters on the premises and a newly installed heat pump for the bottom floor. Don’t miss your opportunity to own this gem on 4th!

Listing Agent

Max Stottlemyre

Greene Commercial License #22011836

Greene Commercial

Co-Listing Agent

Tim Lynch

Olympic Sotheby's Int'l Realty License #117939

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2316708

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,328

Year Built

  • Built in 1908

Lot Details

  • 3,600 Sq Ft Lot

Home Design

  • Slab Foundation
  • Poured Concrete
  • Bitumen Roof

Interior Spaces

  • 5,964 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 9 Bathrooms

Utilities

  • Heat Pump System
  • High Speed Internet

Community Details

  • No Home Owners Association
  • Olympia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 78502400301

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,328

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1908
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 5964
  • Special Features: None
  • Cumulative Days on Market: 78

Interior Features

  • Possible Use: Commercial, Multi-Family
  • Total Bedrooms: 7
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Fire Sprinklers

Exterior Features

  • Roof: Torch Down
  • View: No
  • Waterfront: No
  • Construction Type: Concrete
  • Exterior Features: Cement/Concrete
  • Foundation Details: Poured Concrete, Slab
  • Structure Type: Multi Family

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • PowerCompany: `PSE
  • SewerCompany: City of Olympia
  • WaterCompany: City of Olympia
  • CableConnected: Xfinity
  • InternetConnected: Xfinity
  • WaterSewerGarbage: 1200

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Olympia

Lot Info

  • Parcel Number: 78502400301
  • Lot Size Acres: 0.0826
  • Lot Size Sq Ft: 3600
  • Zoning Description: Commercial,Multi-Family
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Gas Available,High Speed Internet
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 8.79
  • LeasedItems: None
  • TotalMonthlyIncome: 10900

Multi Family

  • Gross Scheduled Income: 130800
  • Net Operating Income: 107272
  • Number Of Units Total: 8
  • Insurance Expense: 4000
  • Leasable Area: 5964
  • EnergySource: Electric,Natural Gas
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2024
  • Tax Annual Amount: 8328

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $8,328 $841,800 $156,200 $685,600
2023 $8,328 $796,800 $146,000 $650,800
2022 $7,219 $877,600 $128,200 $749,400
2021 $6,812 $604,500 $175,400 $429,100
2020 $3,716 $527,900 $118,300 $409,600
2019 $2,768 $280,600 $102,100 $178,500
2018 $5,187 $385,200 $189,900 $195,300
2017 $4,910 $393,150 $183,650 $209,500
2016 $4,136 $332,000 $151,200 $180,800
2014 -- $330,850 $145,150 $185,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/05/2025 03/05/25 For Sale $1,150,000 0.0% $193 / Sq Ft
12/21/2024 12/21/24 Pending -- -- --
12/12/2024 12/12/24 For Sale $1,150,000 -- $193 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Deed History

Date Type Sale Price Title Company
Warranty Deed $200,000 Thurston County Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $200,000 Seller Take Back
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2316708

Northwest Multiple Listing Service (NWMLS)

APN: 78502400301