Pending · Residential Income
3532 Mary Elder Road NE, Olympia, WA 98506
Olympia, WA 98506
$1,750,000
— bedrooms · — bathrooms · 0 sq ft
Listing provided by COMPASS · MLS #2339340 · Pending
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About this property
Exceptional opportunity to own a fully leased 11-unit transitional housing property in the heart of Olympia, generating a strong $148,073 in annual NOI. Spread across three buildings, this triplex-configured asset delivers consistent performance with long-term tenancy and stable returns. Features include shared laundry and ample off-street parking—enhancing tenant retention in this central location. Residents benefit from close proximity to shopping, dining, and transit. This is an ideal acquisition for impact-focused buyers or investors seeking immediate cash flow and long-term potential. Don’t miss this rare opportunity to own a high-performing asset in one of Olympia’s most accessible neighborhoods.
Property details
- Property type
- Multi Family
- Year built
- 1950
- Lot size
- 20,909 sq ft
- Association dues
- $0 · frequency not provided
- Annual property tax
- $9,920 (2024)
- Parking spaces
- 8
- School district
- North Thurston
Listings courtesy of Northwest MLS as distributed by MLS GRID.
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