Listed by Greene Commercial, Bought with Reames Realty & Prop Mgmt Inc
NOT LISTED FOR SALE
Studio
-- Baths
17,312 Sq Ft
0.61 Acre Lot

Sale Details

Date Sold: March 28, 2014

Last sale price $4,195,000 $242 Per Sq Ft

476 Days on Market

Highlights

  • 0.61 Acre Lot
  • Ceramic Tile Flooring
  • Property is in very good condition
  • Lincoln Elementary School Rated A-

About This Home

As of March 2014

Thank you for inquiring about our apartments here in Olympia!

They are all 1 bedroom/1 bathroom (about 425sqft). The monthly rent is $1,100.00 - $1,495.00, this amount includes water, sewer and garbage. There are 2 buildings with slightly different layout/floor plans.
The tenant is to pay and change the electricity into their name – if you choose to have internet or cable services that is also at the tenants’ expense.
We do have washers and dryers on site that are coin operated, but they are not within each unit. $1.50 wash / $1.50 dry

- Each applicant (MAXIMUM OCCUPANCY, 2 PEOPLE) is required to complete an application ($50 each) - each applicant will also need to provide photo ID and a months’ worth of pay-stubs (the application verifies employment/income, credit, criminal and verifies rental history)
- Security Deposit = to one months rent, $150 is non-refundable for carpet cleaning
- Minimum income required $3,300/month (2.5 times the rent / your income must be verifiable and garnish-able)
- No criminal history
- No previous/pending evictions
- No money outstanding to previous rental
- No bankruptcy or items in collections (medical bills don't count)
- NO PETS

Please let me know if you would like to schedule an appointment for a showing.

Last Agent to Sell the Property

Terry Wilson

Greene Commercial License #105585 Listed on: 11/28/2012

Greene Commercial

Last Buyer's Agent

Dave Reames

Reames Realty & Prop Mgmt Inc License #9156

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 426853

Northwest Multiple Listing Service (NWMLS)
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $39,600

Year Built

  • Built in 1967

Lot Details

  • 26,572 Sq Ft Lot
  • Property is in very good condition

Parking

  • Open Parking

Home Design

  • Block Foundation
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 17,312 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile

Community Details

  • Olympia Subdivision

Listing and Financial Details

  • Tax Lot 4&5
  • Assessor Parcel Number 78306100300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$39,600

Year Built

Built in 1967

Lot Details

0.61 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1967
  • MLS Status: Sold
  • Prev Status: Closed
  • Structure Type: Multi Family
  • CalculatedSquareFootage: 17312
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Cement Planked
  • Foundation Details: Block
  • Property Condition: Very Good

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 77

Utilities

  • Sewer: Sewer Connected
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Tumwater

Lot Info

  • Parcel Number: 78306100300
  • Lot Size Acres: 0.61
  • Lot Size Sq Ft: 26572
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • ZoningClass: Multi-Family
  • LotNumber: 4&5

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: None
  • TotalMonthlyIncome: 41675

Tax Info

  • Year: 2011
  • Tax Annual Amount: 39600

Multi Family

  • Electric Expense: 6876
  • EnergySource: Electric
  • UnitsBelowGrade: false

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 15, 2016
Sold by
Atkinson Investment Lp
Bought by

Purchase Details

Listed on
Nov 28, 2012
Closed on
Mar 25, 2014
Sold by
Ingrim Lee A and Ingrim Jana R
Bought by
Atkinson Investment Lp
Seller's Agent
Terry Wilson
Greene Commercial
Buyer's Agent
Dave Reames
Reames Realty & Prop Mgmt Inc
List Price
$4,900,000
Sold Price
$4,195,000
Premium/Discount to List
-$705,000
-14.39%

Purchase Details

Closed on
May 26, 2009
Sold by
Herbert Donald L
Bought by
Ingrim Lee A and Ingrim Jana R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,040,000
Interest Rate
4.8%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
Atkinson Investment Lp $4,195,000 Thurston County Title
Ingrim Lee A $3,978,000 Chicago Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $3,040,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/04/2026 06/04/26 Off Market $1,100 -- --
01/08/2026 01/08/26 Price Changed $1,100 -15.1% $3 / Sq Ft
11/13/2025 11/13/25 Price Changed $1,295 +30.2% $3 / Sq Ft
11/11/2025 11/11/25 For Rent $995 0.0% --
03/28/2014 03/28/14 Sold $4,195,000 -14.4% $242 / Sq Ft
03/20/2014 03/20/14 Pending -- -- --
11/28/2012 11/28/12 For Sale $4,900,000 -- $283 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $32,741 $3,105,700 $922,300 $2,183,400
2024 $36,725 $3,382,900 $439,700 $2,943,200
2023 $36,725 $3,516,600 $354,200 $3,162,400
2022 $23,538 $4,430,200 $407,200 $4,023,000
2021 $26,979 $1,972,800 $285,000 $1,687,800
2020 $26,445 $2,092,900 $503,800 $1,589,100
2019 $19,773 $2,001,400 $524,200 $1,477,200
2018 $25,693 $1,611,800 $513,800 $1,098,000
2017 $22,378 $1,794,550 $391,750 $1,402,800
2016 $23,451 $1,875,100 $348,200 $1,526,900
2014 -- $1,879,000 $405,900 $1,473,100
Source: Public Records

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 426853

Northwest Multiple Listing Service (NWMLS)
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