Listing Provided Courtesy Of:
RE/MAX Advantage and NWMLS
1915 4th Avenue E Olympia, WA
$ 650,000
Property Attributes
  • ID#1874369
  • TypeMulti-Family
  • CountyTHURSTON
  • CityOlympia
  • AreaOlympia North
  • NeighborhoodEastside Olympia
  • Zip98506
  • StyleTri-plex
  • Year Built1929
  • Taxes$ 5570
  • Price$ 650,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3812
  • Lot Size10,799 SqFt
Listing Provided Courtesy Of:
RE/MAX Advantage and NWMLS
Data Source:
Northwest Multiple Listing Service (NWMLS)
Property Description

This tri-plex, converted from a three level house built in 1929, has touches from the art deco era. Large covered front porch extends the entire front of the house. Main floor unit with 1,447 sq ft, has 2 bedrooms, 1 bath, living room, dining room, and kitchen with eating nook. The upper floor unit is 918 sq ft and has 1 bed, 1 bath, with open concept living/kitchen area. The downstairs unit is 1350 sq ft, 2 bed, 1 bath, large living area and kitchen. Shared washer/dryer on lower level. Tenants are month-to-month. No vacancies! 5.59% CAP rate. Popular Eastside walkable neighborhood with bus stop, grocery store, eateries, and bike store nearby. Close to I-5 and downtown. Great investment! Seller is licensed real estate broker in WA State.

Elementary School Middle School High School
Madison Elem Reeves Mid Olympia High
Price History
12/29/2021 Listed $650,000

General Features

Amenities See Remarks, Storage
Building Area Units Square Feet
Carport Y/N No
City Olympia
County Thurston
Directions From I-5 southbound take Exit 105 B - Port of Olympia. Merge onto Plum Street. Right on 4th Ave E to property on right.
Electric Expense 1041
Elementary School Madison Elem
Exterior Features Wood
Flooring Ceramic Tile, Laminate, Vinyl, Carpet
Fuel Expense 2338
High School Olympia High
High School District Olympia
Insurance Expense 1170
Interior Features Forced Air, Ceramic Tile, Laminate, Wall to Wall Carpet
Leasable Area 3715
Lot Size Square Feet 10800
MLS Area 447 - Olympia North
Middle/Junior High School Reeves Mid
Net Operating Income 36345
New Construction No
Open Parking Spaces 3
Possession Tenant's Rights
Possible Use See Remarks
Property Style 53 - Tri-plex
Property SubType Multi-Family
Property Type Residential Income
Roof Composition
Senior Community Y/N No
Sewer Sewer Connected
Special Listing Conditions None
Standard Status Active
Status Active
Street Name 4th
Structure Type Triplex
Subdivision Name Eastside Olympia
Tax Annual Amount 5570
Tax Year 2021
Terms Cash Out, Conventional
Total Units 3
Units Below Grade true
Units In Building Total 3
Utilities Cable Connected, High Speed Internet, Sewer Connected, Electricity Available, Natural Gas Connected
Water Company City of Olympia
Water Sewer Garbage 2246
Year Built 1929
Zoning Class See Remarks

Interior Features

Electric On Property Y/N No
Fireplace Y/N No
Furnished Y/N Unfurnished
Living Area Units Square Feet
Power Production Type Electric, Natural Gas
Street Suffix Avenue
Total Stories 3

Exterior Features

Building Area Total 3812
Covered Spaces 2
Foundation Details Poured Concrete
Irrigation Water Rights Y/N No
Lot Features Curbs, Paved, Sidewalk
Lot Size Acres 0.2479
Lot Size Units Square Feet
Open Parking Y/N Yes
Parking Uncovered Spaces 3
Site Features Cable TV, Fenced-Partially, High Speed Internet
Total Parking 5
View Y/N No
Water Source Public
Waterfront Y/N No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 98506

AVG $650K
AVG $5,570
AVG 53
Year Built
AVG 1929
AVG 82
Data Provided by Walkscore ® not using MLS data

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