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Olympia, WA, 98506 • 98506 • Thurston County
$244/sqft
20Beds
10Baths
7,163Sqft
0.48 acLot
1950Built
Tri-plex Style
Built 1950 · 76 years of history
Olympia
98506
Demand and pricing signals for this listing
11 views
People checking out this listing
396 days on market
Established listing
$244/sqft
Price per square foot
Multi Family · Built 1950
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.
Standout features identified
Our analysis highlights ample off-street parking and shared laundry as key attractions of this home.
Based on current rates
Est. 6.19% rate · 30yr fixed · $1,400,000 loan
Full calculator →Key facts and listing details
6 categories of property features
Market data and value estimates
3 schools rated nearby
Olympia, WA, 98506
6 events
18 years of records
Local context around this listing
Olympia, WA • Thurston County
Nearby neighborhoods
Nearby cities
Nearby zip codes
Based on information submitted to the MLS GRID as of 2026-04-07 09:03:29 PDT. 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. [Click here for more information](/mls-disclaimers/#39)
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