509 Old Pacific Highway SE, Olympia, WA 98513

WA, Olympia
$8,850,000
  • 34,558 Sqft
  • Residential Income Property Type
  • 1965 Year Built
  • Expired Status
Property Description

PRICE DROP!! Fully rehabbed and stabilized 40-unit apartment complex located just off I-5, a major arterial close to military and large employers (government, hospital, education). The buildings are set back along the Nisqually river in a secluded quiet location. The property consists of 3 buildings on one parcel and an extra 2-acre parcel included. Perfect mix of units; 12- 3 bed 2 baths 15-2 bedrooms, and 13-1 bedrooms. Plenty of parking throughout the property for tenants and guests. This asset is completely turnkey with a full appraisal from OLYFED completed at 9.7 million. Updates include new roofs in 2020 and 2021, all new vinyl windows and patio doors in 2022, Kitchens, bathrooms, flooring, paint, fans, faucets, appliances etc…

Source: NWMLS
Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 2032180
  • Price: $8,850,000
  • View: River
  • Square Footage: 34,558 Sqft
  • Year Built: 1965
  • Lot Area: 5.60 Acre
  • Status: Expired
  • Office Name: Better Properties NW
  • Agent Name: Andre Scott
  • Property Sub Type: Multi-Family
  • Roof: Composition
  • Waterfront: 1
Features
  • Heating System Wall Unit(s)
  • Cooling System None
  • Exterior Features Wood, Wood Products
  • Sewer Septic Tank
  • Waterfront Features Bank-Medium
Address Map
  • Country US
  • State WA
  • County Thurston
  • City Olympia
  • Zipcode 98513
  • Street: Old Pacific
  • Street Number: 509
  • Street Suffix: Highway
  • Longitude: W123° 18' 7''
  • Latitude: N47° 3' 41.5''
  • Directions: I-5 to EXIT 114, to NISQUALLY CUT-OFF RD SE (Right), to KUHLMAN RD SE (Left), to OLD PACIFIC HWY SE (Left), .4 miles to entrance on LEFT. (Just after Golson Lane).
  • Mls Area Major: 451 - Hawks Prairie
  • Street Dir Suffix: SE
Neighborhood
  • Elementary School: Evergreen Forest Ele
  • High School: River Ridge High
  • High School District: North Thurston
  • Middle School: Nisqually Mid
Additional Information
  • Water Source: Public
  • Stories Total: 2
  • Possible Use: Multi-Family
  • On Market Date: 2023-02-10
  • Number Of Units Total: 40
  • Lot Features: Paved
  • Foundation Details: Poured Concrete
Financial
  • Tax Annual Amount: 71242
Listing Information
  • List Agent Mls Id: 92256
  • List Office Mls Id: 299
  • Listing Term: Cash Out,Conventional
  • Mls Status: Expired
  • Modification Timestamp: 2023-09-08T09:00:10Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2023-09-08T07:15:30Z
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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