• 203 days on site
  • 3 views

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.

Listed by:

The Foundation Group LLC

Source: NWMLS, MLS#: NWM2164199

  • Property Type
    ResidentialIncome
  • Lot
    0.81 Acres
  • Price / Sq Ft
    $246

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Bruce Batson
  • Median Age
    37
  • Population Density
    496
  • College Educated
    60%
  • Estimated Median Monthly Income
    $74,031
  • Estimated Total Home Owners
    7,837
  • Estimated Total Renters
    6,077
  • Owner / Renter Divide
    56% / 44%
  • Estimated Average Household Size
    2
  • Total Population
    35,307
  • Community data courtesy of LiveBy, Inc.

Owning this Home

$
$ %
%
*Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Life at 333 Division Street NW


Schools

2
Garfield Elementary School
  • Grades: PK-5
  • Public
4
Griffin School
  • Grades: PK-8
  • Public
2
Julia Butler Hansen Elementary
  • Grades: PK-5
  • Public
2
Leland P Brown Elementary
  • Grades: KG-5
  • Public
4
McLane Elementary School
  • Grades: PK-5
  • Public
4
Griffin School
  • Grades: PK-8
  • Public
5
Jefferson Middle School
  • Grades: 6-8
  • Public
4
Thurgood Marshall Middle School
  • Grades: 6-8
  • Public
4
Capital High School
  • Grades: 9-12
  • Public
School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

History

Date Event Value Agent
2/6/2024Source: NWMLS Status Change
Pending
1/30/2024Source: NWMLS Price Reduction
$2,550,000 -8.9%
9/21/2023Source: NWMLS Added to Database
September 21, 2023