915 Capitol Way S, Olympia WA, 98501
(Active)
$4,350,000
|
|
MLS# 2218285
Last Updated: 5/3/2024 11:58 PM
Description for
915 Capitol Way S
Olympia, WA 98501
We are pleased to present this Downtown Olympia multi-family portfolio as available for sale for the first time in 20+ years. The offering consists of 2 contiguous properties - Olympia Court Apartments and The Anderson House. There are 34 Total Units, including (19) Studios, (12) 1 bed/1 bath units, (1) 2 bed/1 bath unit and (2) retail storefronts with frontage on popular Capitol Way South. Properties have been locally owned, operated and meticulously maintained for 20+ years. Just steps to the Capital Campus, tenants enjoy outstanding walkability to restaurants, shops, entertainment and necessities. Extremely high historic occupancy with significant upside potential via rent increases and utility charges.
Price
$4,350,000
Capital Campus
Thurston
2218285
Active
Description
We are pleased to present this Downtown Olympia multi-family portfolio as available for sale for the first time in 20+ years. The offering consists of 2 contiguous properties - Olympia Court Apartments and The Anderson House. There are 34 Total Units, including (19) Studios, (12) 1 bed/1 bath units, (1) 2 bed/1 bath unit and (2) retail storefronts with frontage on popular Capitol Way South. Properties have been locally owned, operated and meticulously maintained for 20+ years. Just steps to the Capital Campus, tenants enjoy outstanding walkability to restaurants, shops, entertainment and necessities. Extremely high historic occupancy with significant upside potential via rent increases and utility charges.
Listing Information
| Property Type: Multi-Family, 2 Story | ||
| 0.34 Acres | 1929 | 2 |
| Wood | ||
Capital Campus
Sewer Connected
Neighborhood
School Information
| District: Olympia | ||
Room Information
Interior Features
Vinyl, Carpet
None
Gas Heat, Electric Heating,
Baseboard
Wall to Wall Carpet
Exterior / Lot Features
17 Parking Spaces,
Wood
Composition
Other
Driving Directions
From I-5, Take Exit 105 to State Capital. Turn Right on Capital Way South. Property on your left.
Financial Considerations
| 78506500002 |
| $37,341 |
Conventional
Listing Price History
Olympia Real Estate
Olympia is located in Washington. Olympia, Washington 98501 has a population of 55,848.
The median household income in Olympia, Washington 98501 is $77,652. The median household income for the surrounding county is $75,124 compared to the national median of $66,222. The median age of people living in Olympia 98501 is 41 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
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| No information is available for recently sold properties within this search. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 4/3/2024 | Active | $4,350,000 USD |
|
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2023 | $35,298 USD | 81.54% | $3,543,800 USD | 117.48% |
| 2022 | $19,443 USD | -14.90% | $1,629,500 USD | -8.05% |
| 2021 | $22,847 USD | 38.28% | $1,772,200 USD | - |
| 2020 | $16,522 USD | 60.86% | $1,772,200 USD | 41.75% |
| 2019 | $10,271 USD | -35.33% | $1,250,200 USD | 49.38% |