915 Capitol Way S Olympia, WA $ 4,350,000
915 Capitol Way S
$ 4,350,000
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915 Capitol Way S

Olympia, WA, 98501
$ 4,350,000
Baths0.0

Monthly Estimate*

$ 30,386

Listed by Urban Commercial Partners, LLC
915 Capitol Way S, Olympia, WA 98501 - Image 1
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Studio

Multi-Family Home for sale in Olympia, WA

for $4,350,000. This home was built in 1929 on a lot size of 0.3444.

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.

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Multi-Family Active

Price

$ 4,350,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 37,341

Style

10+ Units

Lot Size

0.3444

Year Built

1929

Town/City

Olympia

County/Region

Thurston

MLS | Web ID

2218285

Features
General
Interior Features Wall to Wall Carpet
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing
Roof Composition
Exterior Features Wood
HOA 0
Year Built 1929
View Territorial
Property SubType Multi-Family
Tax Year 2024
County Thurston
Net Operating Income 249567
Insurance Expense 27719
New Construction N
Property Type Residential Income
HOA / Comm Assn N
Subdivision Name Capital Campus
Special Listing Conditions None
Status Active
Directions From I-5 Take Exit 105 to State Capital. Turn Right on Capital Way South. Property on your left.
City Olympia
Buyer Agent Compensation 2.5%
View Y/N Y
Senior Community Y/N N
High School District Olympia
Open Parking Spaces 0
Total Units 4
MLS Area 447 - Olympia North
Lot Size Square Feet 15000
Waterfront Y/N N
Carport Spaces 0
Carport Y/N N
Street Name Capitol
Listing Terms Cash Out Conventional
Tax Annual Amount 37341
Electric Expense 0
Fuel Expense 0
Public Remarks 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 Apartme
Leasable Area 23677
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Amenities Coin Op Laundry
Units Below Grade true
Units In Building Total 34
Water Sewer Garbage 53394
Property Style 56 - 10+ Units
Cap Rate 5.74
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Interior
Flooring Vinyl Carpet
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Way
Living Area Units Square Feet
Power Production Type Electric Natural Gas
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Exterior
Total Parking 17
Foundation Details Poured Concrete
Building Area Total 0
Lot Size Acres 0.3444
Lot Size Units Square Feet
Covered Spaces 17
Open Parking Y/N N
Irrigation Water Rights Y/N N
Parking Uncovered Spaces 0
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Internal Only
OriginalMLSID NWM2218285
Street Number 1 915
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* Excluded Features
List By
Pat Suarez

Listing Agent

Urban Commercial Partners, Llc

Broker

Affordability Calculator

$33,498
Per Month
91%
9%
0%
Monthly Principal & Interest
$30,386
Monthly Property Taxes
$3,112
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
258425 Elementary School
257277 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/3/2024$4,350,000 Listed Price

Map


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915 Capitol Way S, Olympia, WA, 98501 is a Multi-Family Home for sale at $4,350,000 with a lot size of 0.3444. 915 Capitol Way S is a studio with 0.0 baths and was built in 1929. The property's zip code is 98501 which is in Olympia, WA