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$1,750,000
92 Days On Site
3532 Mary Elder Road NEOlympia, WA 98506
For Sale|Residential Income|Active
0
Beds
0
Total Baths
7,163
SqFt
$244
/SqFt
1950
Built
Cumulative Days On Market:
93
Subdivision:
Olympia
County:
Thurston
Courtesy of NWMLS
Listing courtesy of Lisa Le of COMPASS
Listing courtesy of Lisa Le of COMPASS
Call Now: (360) 507-3775
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(360) 507-3775
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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.
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Listing Snapshot
Price
$1,750,000
Days On Site
92 Days
Bedrooms
N/A
Inside Area (SqFt)
7,163 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.48 Acres
Year Built
1950
MLS® Number
2339340
Status
Active
Property Tax
$9,920
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 6 days ago | Listing updated with changes from the MLS® | |
| 3 months ago | Listing first seen on site |
General Features
Acres
0.48
Additional Property Use
Multi-Family
Number Of Stories
2
Parking Spaces
8
SqFt Total
7163
Utilities
Sewer Connected
Water Source
Public
Zoning
Multi-Family
Interior Features
Flooring
LaminateVinylCarpet
Heating
ElectricBaseboard
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Exterior Features
Construction Details
Wood Siding
Lot Features
Paved
Roof
Composition
Community Features
Association Amenities
Coin Laundry
Financing Terms Available
Conventional
MLS Area
447 - Olympia North
School District
North Thurston
Schools
School District
North Thurston
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Courtesy of NWMLS
Listing courtesy of Lisa Le of COMPASS
Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Northwest MLS.
All data is obtained from various sources and may not have been verified by the broker or MLS Grid. Supplied open house information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2025-06-06 08:59 PM PDT
Listing courtesy of Lisa Le of COMPASS
Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Northwest MLS.
All data is obtained from various sources and may not have been verified by the broker or MLS Grid. Supplied open house information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2025-06-06 08:59 PM PDT
Neighborhood & Commute
Source: Walkscore
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