NOT LISTED FOR SALE

4022 52nd Ave SW Olympia, WA 98512

-- Bed
-- Bath
3,464 Sq Ft
0.75 Acres

Last Sold September 15, 2022

Last sale price $870,000 $251 Per Sq Ft

About This Home

As of September 2022

Great cash flowing investment opportunity with upside potential. Located near Black Lake this property sits on a quiet street, yet is minutes to Tumwater and West Olympia. All 5 unit have been well maintained and professionally managed for many years. Large .75+/- acre property with individual patios and plenty of both front and back yard space. Ample parking and great privacy for all units. Nice open floor plans for both the home and four plex units. Updated windows and roofing on both buildings. Currently a 5.9% cap rate with a pro forma cap rate of 7.7% based on market rents. Come take advantage of this great investment opportunity.

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/15/2022 09/15/22 Sold $870,000 -3.3% $251 / Sq Ft View Prior Sale
09/01/2022 09/01/22 Pending -- -- --
08/30/2022 08/30/22 Price Changed $899,900 -5.2% $260 / Sq Ft
06/21/2022 06/21/22 For Sale $949,000 -- $274 / Sq Ft

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • John Stormans

    Seller's Agent in 2022

    John Stormans

    Olympic Sotheby's Int'l Realty

    (360) 915-2071

    142 Total Sales

    John Stormans
    Section Image
  • Mace Erickson

    Buyer's Agent in 2022

    Mace Erickson

    Skyline Properties, Inc

    (206) 505-9418

    16 Total Sales

    Mace Erickson
    Section Image
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Map

Washington Thurston County Olympia 98512

4022 52nd Ave SW, Olympia, WA

This home is located at 4022 52nd Ave SW, Olympia, WA 98512. 4022 52nd Ave SW is a home located in Thurston County with nearby schools including Black Lake Elementary School, Tumwater Middle School, and A.G. West Black Hills 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.

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