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333 Division Street NW

Olympia, WA 98502
  • $2,550,000
  • STATUS: Pending
  • ID#: 2164199
Under Contract
$2,550,000
  • 0
    BEDS
  • 0.81
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,338
    SQFT
  • $247
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1935
County:

School Ratings & Info

School District:
Northwest MLS logoListing information ©2024 Northwest MLS. Listing courtesy of The Foundation Group LLC.
Mortgage Calculator is provided by BoomTown.

Description

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.

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Costello Team | Windermere Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2024-04-04T00:14:42.26. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2024-04-04T00:14:42.26. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.costelloteam.com/homes/143609617
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333 Division Street NW Olympia, WA 98502

  • Price: $2,550,000
  • Status: Pending
  • On Site: Days
  • ID#: 2164199
0
Beds
0
Baths
0
½ Baths
0.81
Acres
10,338
SQFT
$247
$/SQFT
1935
Built
Neighborhood:
Westside
County:
Thurston
Area:
Olympia Westside
School District:
Olympia
Property Description
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.
Exterior Features

Carport Spaces 1 Carport YN No Covered Spaces 4 Exterior Features See Remarks Lot Features Corner LotSidewalk Open Parking Spaces 22 Open Parking YN Yes Parking Total 27 Parking Uncovered Spaces 22 Roof CompositionSee Remarks Structure Type Multi Family Style Code 56 - 10+ Units View YN No Waterfront YN No

Interior Features

Building Area Total 10338 Cooling Window Unit A/C Cooling YN Yes Fireplace YN No Flooring VinylCarpet Heating Baseboard Heating YN Yes Interior Features Wall to Wall Carpet Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Amenities Coin Op Laundry Association Fee 0 Association YN No Energy Source Electric FIRPTAYN No First Right Of Refusal No Foundation Details Poured Concrete Irrigation Water Rights YN No Listing Terms Cash Out Net Operating Income 163286 New Construction YN No Possession Closing Possible Use Multi-Family Power Production Type Electric Property Condition Good Property Sub Type Multi-Family Senior Community YN No Sewer Sewer Connected Sewer Company City Sewer Special Listing Conditions None Tax Annual Amount 21732 Tax Year 2023 Units In Building Total 15 Water Source Public Year Built Effective 1990 Zoning Class Multi-Family Zoning Jurisdiction City



The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Costello Team | Windermere Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2024-04-04T00:14:42.26. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2024-04-04T00:14:42.26. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Costello Team | Windermere Real Estate
100 116th Ave SE
Bellevue WA, 98004
Northwest MLS logoListing information ©2024 Northwest MLS. Listing courtesy of The Foundation Group LLC.
Mortgage Calculator is provided by BoomTown.