$4,350,000
915 Capitol Way South
Listing Type: For Sale
Property Type: Multi-Family, Retail
Status: Available
CBA ID#: 679763
Property Type: Multi-Family, Retail
Status: Available
CBA ID#: 679763
Marketing Description:
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.Land Features:
- Lot Size: 17424 SqFt
- Lot Acreage: 0.4 Acres
- Zoning: DB
Building Features:
- Building Size: 23677 SqFt
- Number of Floors: 2
- Cap Rate: 5.33%
- Year Built: 1929
This Listing Supplied Courtesy of Urban Commercial Partners, LLC
Information is based on data available to the associate, including county records.
The information has not been verified by the associate and should be verified by the buyer.
The information has not been verified by the associate and should be verified by the buyer.
Properties with the CBA logo are listed by the Commercial Brokers Association
The associate of this site is not a multiple listing service but is a member of a local MLS.
