2515 Mitchell Ave NE Olympia, WA 98506
Upper Eastside NeighborhoodEstimated payment $5,931/month
Highlights
- 0.46 Acre Lot
- No HOA
- Vinyl Plank Flooring
- Reeves Middle School Rated A-
- Patio
- Baseboard Heating
About This Home
Attention Investors!! Well maintained 4-plex, 2 duplexes, in a great location with a 7.4 cap rate! All 4 units have the same layout and are 2 bedroom, 1 bathroom, 830+/- sqft with one car garages and large fenced back yards. Tenants pay water & garbage and the sewer is on septic so no monthly bills for the owner. Close to all amenities and located on a dead end street.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2447858
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,996
Year Built
- Built in 1971
Lot Details
- 0.46 Acre Lot
- Street terminates at a dead end
- Property is Fully Fenced
- Property is in good condition
Home Design
- Quadruplex
- Brick Exterior Construction
- Slab Foundation
- Composition Roof
- Metal Roof
- Wood Siding
- Wood Composite
Interior Spaces
- 3,312 Sq Ft Home
- 1-Story Property
Flooring
- Carpet
- Vinyl Plank
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Parking
- 4 Parking Spaces
- 4 Covered Spaces
Outdoor Features
- Patio
Utilities
- Baseboard Heating
- Septic Tank
- High Speed Internet
- Cable TV Available
Community Details
- No Home Owners Association
- Bigelow Subdivision
Listing and Financial Details
- Assessor Parcel Number 68900500100
Map
Home Values in the Area
Average Home Value in this Area
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 | $7,766 | $763,300 | $271,600 | $491,700 |
| 2023 | $7,766 | $742,900 | $88,600 | $654,300 |
| 2022 | $5,598 | $610,700 | $77,200 | $533,500 |
| 2021 | $6,151 | $468,600 | $164,200 | $304,400 |
| 2020 | $7,249 | $476,600 | $206,800 | $269,800 |
| 2019 | $5,114 | $548,100 | $300,200 | $247,900 |
| 2018 | $4,678 | $347,300 | $93,900 | $253,400 |
| 2017 | $4,775 | $382,300 | $105,700 | $276,600 |
| 2016 | $3,445 | $294,700 | $98,300 | $196,400 |
| 2014 | -- | $275,450 | $103,750 | $171,700 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/04/2025 11/04/25 | For Sale | $1,000,000 | 0.0% | $302 / Sq Ft | |
| 10/30/2025 10/30/25 | Pending | -- | -- | -- | |
| 10/24/2025 10/24/25 | For Sale | $1,000,000 | +11.1% | $302 / Sq Ft | |
| 02/20/2023 02/20/23 | Sold | $900,000 | -5.3% | $272 / Sq Ft | View Prior Sale |
| 01/11/2023 01/11/23 | Pending | -- | -- | -- | |
| 12/01/2022 12/01/22 | For Sale | $950,000 | -- | $287 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | $900,000 | Land Title | |
| Special Warranty Deed | -- | None Available | |
| Quit Claim Deed | -- | Thurston County Title | |
| Warranty Deed | $495,000 | First American Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $675,000 | Credit Line Revolving | |
| Previous Owner | $506,419 | Unknown |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2447858
APN: 68900500100
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