$2,800,000
Division Street, Olympia
333 Division Street NW, Olympia, WA 98502
Olympia Portfolio: value-add 15-unit in NW Olympia. Operating at a 5.8% cap rate, potential to reach 8% with market-level rents. 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.
Listing Courtesy of
The Foundation Group LLC
Media
- Photos
PROPERTY DETAILS
- StatusActive
- AreaWestside
- Foundation DetailsPoured Concrete
- FlooringVinyl, Carpet
- CarportNo
- CityOlympia
- CountyThurston
- Exterior FeaturesSee Remarks
- FireplaceNo
- High School DistrictOlympia
- Interior FeaturesWall to Wall Carpet
- Living Area0 Square Feet
- Lot FeaturesCorner Lot, Sidewalk
- Lot Acres0.8095
- Lot Square Feet35260
- New ConstructionNo
- Zip Code98502
- Property TypeMulti-Family
- RoofComposition, See Remarks
- SewerSewer Connected
- WaterfrontNo
- Water SourcePublic
- Year Built1935
Loading...