47.05051 -122.866

2515 Mitchell Avenue NE Olympia, WA 98506

326097914 47.05051 -122.866 314 /listing/326097914-151574049/2515-mitchell-avenue-ne-olympia-wa-98506 False 0 950000.0 105 2019794 True
  • $950,000
  • 0.46 lot
  • Est payment $5099.81/mo

Property & Neighborhood Info

Courtesy Of Networks Real Estate LLC

Multi Family in Olympia

Put this 4 plex to work in your portfolio. WELL maintained units with long term renters and a 6.4% CAP RATE. These spacious units with attached 1 car garages are never empty for long since the location is awesome. Each unit 2 bed 1 bath. All 4 units with exact same layouts. Updated in 2014 but you'd swear it was just a couple years since it was done. FULLY FENCED HUGE backyards as well keeps people here for years and years. Tenants pay for water & garbage and sewer is septic so NO monthly bills for the owner. Nice METAL roof that will last for eternity with very little maintenance on one unit and a composite roof on the other that is approx. 10 years old. OLYMPIA SCHOOL DISTRICT. Close to all amenities too! Super quiet dead end street.

  1. 0.46 Lot

Main Features

  • Listing Status: Contract Pending
  • Year Built: 1971
  • Floors: 1
  • School District: Roosevelt Elementary
  • School District2: Reeves Mid
  • School District3: Olympia High
  • School District: Olympia
  • County: Thurston
  • Taxes: $5,598.00
  • Tax Year: 2022
  • Units: 4
  • Zoning: County
  • Subdivision: Bigelow
  • MLS Number:2019794

Additional Features

  • Flooring:
    • Vinyl
  • Furnished:
    • Unfurnished
  • Interior Features:
    • Wall to Wall Carpet
  • Fireplaceyn:
    • No
  • Roof:
    • Composition
  • View:
    • Territorial
  • Water Source:
    • Public
  • Exterior Features:
    • Wood
  • Parking:
    • Total Open 4
    • Total Parking 8
    • Uncovered 4
  • Electric Service:
    • PSE
  • Heating:
    • Baseboard
  • Possible Use:
    • Multi-Family
  • Carport Spaces:
    • 0
  • Carport YN:
    • false
  • Covered Spaces:
    • 4
  • Foundation Details:
    • Slab
  • Heating YN:
    • true
  • Irrigation Water Rights YN:
    • false
  • Leasable Area:
    • 3312 Square Feet
  • Listing Terms:
    • Cash Out
  • Listing Key:
    • NWM132056265
  • Lot Features:
    • Curbs
  • Parcel Number:
    • 68900500100
  • Possession:
    • Closing
  • Total Expenses:
    • 8036
Neighborhood info courtesy of Homes.com © 2023

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Let us help you!
Networks Real Estate, LLC
Networks Real Estate, LLC
(360) 561-0269
901 Marvin Rd SE Olympia WA 98513
no name available Networks Real Estate, LLC
47.05051 -122.866

2515 Mitchell Avenue NE Olympia, WA 98506

326097914 47.05051 -122.866 314 /listing/326097914-151574049/2515-mitchell-avenue-ne-olympia-wa-98506 False 0 950000.0 105 2019794 True
  • $950,000
  • 0.46 lot
  • Est payment $5099.81/mo