333 Division Street NW, Olympia, WA 98502

WA, Olympia
$2,550,000
  • 10,338 Sqft
  • Residential Income Property Type
  • 1935 Year Built
  • Closed Status
Property Description

Price reduction – current cap rate of 6.52% trending to 8.81%. Olympia Portfolio: value-add 15-unit in NW Olympia. Proximity to Capital Mall for retail, groceries, and dining. Well-connected to transportation. 7 contiguous parcels – four townhomes (built 2007, 2009), single-family home (1934), 6-unit apartment with standalone retail (1947), single parcel containing a house, cottage and converted garage unit (1935). Nearby to parks and Evergreen State College. Thoughtfully maintained with high curb appeal. Fully occupied, potential for rent increases and interior renovations. Parcels offer flexibility and significant value-add component.

Source: NWMLS
Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 2164199
  • Price: $2,550,000
  • Square Footage: 10,338 Sqft
  • Year Built: 1935
  • Lot Area: 0.81 Acre
  • Status: Closed
  • Office Name: The Foundation Group LLC
  • Agent Name: Ethan Szmania
  • Property Sub Type: Multi-Family
  • Roof: See Remarks, Composition
Features
  • Heating System Baseboard
  • Cooling System Window Unit A/C
  • Carport Spaces: 1
  • Exterior Features See Remarks
  • Flooring Carpet, Vinyl
  • Interior Features Wall to Wall Carpet
  • Sewer Sewer Connected
Address Map
  • Country US
  • State WA
  • County Thurston
  • City Olympia
  • Zipcode 98502
  • Street: Division
  • Street Number: 333
  • Street Suffix: Street
  • Longitude: W123° 4' 25.9''
  • Latitude: N47° 2' 54.2''
  • Directions: See google or imaps for driving directions.
  • Mls Area Major: 444 - Olympia Westside
  • Street Dir Suffix: NW
Neighborhood
  • High School District: Olympia
Additional Information
  • Water Source: Public
  • Stories Total: 1
  • Possible Use: Multi-Family
  • On Market Date: 2023-09-21
  • Number Of Units Total: 15
  • Lot Features: Sidewalk, Corner Lot
  • Foundation Details: Poured Concrete
Financial
  • Tax Annual Amount: 21732
Listing Information
  • Co List Agent Full Name: Aaron Locke
  • Co List Agent Mls Id: 88118
  • Co List Office Mls Id: 7988
  • Co List Office Name: The Foundation Group LLC
  • List Agent Mls Id: 118459
  • List Office Mls Id: 7988
  • Listing Term: Cash Out
  • Mls Status: Sold
  • Modification Timestamp: 2024-09-05T12:47:43Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2024-04-29T21:25:39Z
Rene  Orona
Rene Orona SKYLINE PROPERTIES, INC.
  • +1-425-891-8162
  • rene@brokerofrealestate.com
  • 50 116TH AVE SE STE 120 Bellevue, WA 98004, United States
  • +1-425-732-9211

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