Welcome to the perfect investment opportunity! This exceptional property features four spacious 2-bedroom, 1-bath units. Highly desired West Olympia location. Well maintained condition, fresh exterior paint, rents are currently below market value, it offers an excellent return on investment. Each unit has their own garage as well as 1 reserved space along with ample guest parking. Situated in a vibrant community, it fosters long-term tenancies and remarkable profitability. Current cap rate at 4.2% with realistic cap rate at 7.18% at market rent. Contact us now to maximize returns on this exceptional investment!
Listing courtesy of NWMLS / Mondau Real Estate
Last checked:
Checking…
•
Last updated Oct 11, 2023
•
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
MLS# 2125549 —
The Building
Year Built:
1977
Year Built:
1982
Year Built Source:
Public Records
New Construction:
false
Building Name:
Normandy Park
Structure Type:
Quadruplex
Exterior Features:
Wood, Wood Products
Roof:
Composition
Units In Building Total:
4
Foundation Details:
Poured Concrete
# of Units Total:
4
Stories Total:
2
Building Area Total:
4532
Building Area Units:
Square Feet
Calculated SqFt:
4532
Interior
Interior Features:
Ceramic Tile, Wall to Wall Carpet
Furnished:
Unfurnished
Flooring:
Ceramic Tile, Vinyl, Carpet
Fireplace:
false
Financial & Terms
Possession:
Closing, See Remarks, Tenant's Rights
Buyer Financing:
Other
Location
Latitude:
47.041287
Longitude:
-122.92758
Directions:
Exit Highway 101 to North on Black Lake Blvd. Right on 9th Ave SW. Left on Soroya Drive SW left on Soroya Court SW. First half cul-des-ac on right.
The Property
Property Type:
Residential Income
Property Subtype:
Multi-Family
Property Condition:
Average
Parcel Number:
65240002100
Lot Features:
Cul-De-Sac, Curbs, Dead End Street, Paved
Lot Size Units:
Square Feet
Lot Size Acres:
0.2186
Lot Size SqFt:
9522
Lot Size Source:
Realist
Zoning Class:
Multi-Family
View:
Territorial
View:
true
Waterfront:
false
Possible Use:
Multi-Family
Irrigation Water Rights:
false
Listing Agent
Contact info:
Agent phone:
(253) 254-5308
Office phone:
(253) 254-5308
Taxes
Tax Year:
2023
Tax Annual Amount:
6324
The Listing
Special Listing Conditions:
None
Heating & Cooling
Cooling:
false
Heating:
true
Cooling:
None
Heating:
Baseboard
Utilities
Water Company:
City Of Olympia
Water Source:
Public
Sewer:
Sewer Connected
Sewer Company:
City Of Olympia
Power Company:
Pse
Water Sewer Garbage:
4850
Cable Connected:
Xfinity
Schools
High School:
Capital High
High School District:
Olympia
The Community
Subdivision Name:
Westside
Senior Community:
false
Association Fee:
139
Association Fee Frequency:
Monthly
Association:
true
Parking
Parking Total:
8
Parking Uncovered Spaces:
4
Open Parking:
true
Open Parking Spaces:
4
Carport:
false
Covered Spaces:
4
Listing courtesy of NWMLS / Mondau Real Estate
This "Three Trees" icon indicates a listing provided courtesy of NWMLS. To submit a request for a takedown notice per the Digital Millennium Copyright Act (the “DMCA”) for any NWMLS listings please see these guidelines and follow the instructions provided.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.
GreatSchools scores are based on a scale from 1 to 10, where 10 is above average. The school service areas are not definitive and should only be used as guidance.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date
Event
Source
Price
% Change
10/10/23
Oct 10, 2023
Sold
NWMLS
$873,000
-2.5%
9/12/23
Sep 12, 2023
Pending
NWMLS
$895,000
8/4/23
Aug 4, 2023
Price Changed
NWMLS
$895,000
-8.2%
Finding records…
We’re sorry, but we were unable to fetch more data for this property. Please try again later!
No additional history available
If new records are added for this property, we’ll share them here.
Want to see similar homes for sale?
Create an accountAccount created!
Thank you!
We’ve created your account—please check your email to set your password.
We’ve saved that property for you and will email you updates when anything changes.
Enter your email to create an account and get property updates.
* indicates a required field
Multifamily
Sold
on 10/10/2023
$873,000
Want to see similar homes for sale?
We’ll be in touch soon to confirm your request.
Questions? Call
or contact us.
Newest listings in Olympia, WA
This is a carousel with property cards. Use the previous and next buttons to navigate, or jump to a slide using the slide dots.
This "Three Trees" icon indicates a listing provided courtesy of NWMLS. To submit a request for a takedown notice per the Digital Millennium Copyright Act (the “DMCA”) for any NWMLS listings please see these guidelines and follow the instructions provided.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.
Disclaimer: The information contained in this listing has not been verified by Mondau Real Estate and should be verified by the buyer.
Checking…
•
Last updated Oct 11, 2023
•
