3532 Mary Elder Road NE Olympia, WA 98506
3532 Mary Elder Road NE
Olympia, WA 98506
$1,750,000
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Active
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.
Property Features
Community: Olympia
Tri-plex
Fenced-Partially
Exterior: Wood
Exterior: Wood Products
Roof: Composition
Year Built: 1950
2024 Taxes: $9920.00
Buyer Broker Compensation: 2.5%
Listing #: 2339340
Lot Details
Lot Size: 0.48 acres
Paved
No. of Units: 10
Interior
Cooling: None
Heating: Baseboard
Electric
Common Features
Coin Op Laundry
Schools
District: North Thurston
Call or Email:
Grace Wamwere
What's Near 3532 Mary Elder Road NE Olympia, WA 98506?
Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
DMCA Notice 
Courtesy of COMPASS
