Olympia, WA 98502,333 Division ST NW
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Olympia, WA 98502,333 Division ST NW
Olympia, WA 98502,333 Division ST NW
Olympia, WA 98502,333 Division ST NW
Olympia, WA 98502,333 Division ST NW
Listed by The Foundation Group LLC
Bought with The Foundation Group LLC

$2,495,000

Est. payment /mo

$2,550,000

2.2%
Est.Price: ?

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333 Division ST NW Olympia, WA 98502

10,338 SqFt

SOLD DATE : 04/29/2024

Key Details

Sold Price $2,495,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 10,338 sqft

Price per Sqft $241

Subdivision Westside

MLS Listing ID 2164199

Sold Date 04/29/24

Style 56 - 10+ Units

Year Built 1935

Annual Tax Amount $21,732

Lot Size 0.809 Acres

Property Description

Price reduction - current cap rate of 6.52% trending to 8.81%. Olympia Portfolio: value-add 15-unit in NW Olympia. 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.

Location

State WA

County Thurston

Area 444 - Olympia Westside

Interior

Interior Features Wall to Wall Carpet

Flooring Vinyl, Carpet

Fireplace false

Exterior

Exterior Feature See Remarks

View Y/N No

Roof Type Composition,See Remarks

Building

Lot Description Corner Lot, Sidewalk

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Olympia

Others

Senior Community No

Acceptable Financing Cash Out

Listing Terms Cash Out

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Northwest MLS (NWMLS)

Jon Allen

Advisor | License ID: 133588

+1(206) 327-4385

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