Sold543d on marketHistoric · 90 yrs
806 808 Adams Street SE
Olympia, WA, 98501 • Downtown • Thurston County
$600,000
$269/sqft
2,231Sqft
0.14 acLot
1936Built
Property DNA
Territorial Views
Territorial
Character Home
Built 1936 · 90 years of history
Olympia
Downtown
Outdoor Living
Wall to Wall Carpet
This home is getting attention
Listed 543 days ago · 4 views
Market activity
Demand and pricing signals for this listing
4 views
People checking out this listing
543 days on market
Established listing
$269/sqft
Price per square foot
Selling Soon Prediction
ModerateThis home ranks in the top 46% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
Want the full market analysis?
Get the detailed selling prediction score, comparable sales data, and price trend forecast for this property.
Free · Delivered to your inbox in minutes
About this home
Multi Family · Built 1936 · Historic
Investor Alert! Exceptional opportunity to own this 5-unit multifamily property in the heart of downtown Olympia. Rents are significantly below market presenting good upside potential for the savvy investor. The property consists of two spacious 1-bed units (620+- sq ft each), two compact 1-bed units (300+- sq ft each), and one cozy studio (200+- sq ft). Coin op laundry on site. 2-car garage off the alley has been utilized by the owner but could be converted to tenant storage for added income. All units are individually metered and are connected to city utilities. Close to restaurants, shopping, parks & more. Don't miss out on this chance to capitalize on Olympia's growing rental market. Opportunity knocks!
Estimated monthly payment
Based on current rates
$3,695/month
Principal & Interest$2,895
Property Tax$600
Insurance$200
Down payment20% ($120,000)
3%50%
Est. 6.05% rate · 30yr fixed · $480,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built1936
HeatingBaseboard, Electric
CoolingNone
ParkingNo Data
Property
Home typeMulti Family
Sub-typeMulti Family
ConditionFair
Year built1936
Systems
HeatingBaseboard, Electric
CoolingNone
RoofComposition
ConstructionWood Siding, Wood Products
Water / SewerPublic, Company: City of Olympia / Sewer Connected, Company: City of Olympia
Parking & Outdoor
Lot5,998 sqft
Location & Tax
NeighborhoodDowntown
Annual tax$4,872
Parcel68700000300
Features & details
7 categories of property features
Interior Features
Flooring
Vinyl
Carpet
Heating
Baseboard
Electric
Cooling
None
Exterior Features
Construction
Wood Siding
Wood Products
Patio & Porch
Wall to Wall Carpet
Lot Features
Curbs
Paved
Sidewalk
Cable TV
Fenced-Partially
High Speed Internet
Views
Territorial
Listing insights
Market data and value estimates
StatusSold
Days on market543
Est. value$564,500
Est. rent$1,781/mo
Tax rate0.81%
Price/sqft$269
On marketAug 28, 2024
PostedAug 8, 2024
Last sold$600,000
MLS statusSold
MLS updatedOct 18, 2024
Tour days6
Views4
How are the schools in Olympia?
3 schools rated nearby
Location
Olympia, WA, 98501
Price history
3 events
DateEventPrice$/sqftSource
Oct 18, 2024Sold$600,000$269NWMLS as distributed by MLS GRID
Sep 30, 2024Pending Sale$650,000$291NWMLS as distributed by MLS GRID
Aug 8, 2024Listed For Sale$650,000$291NWMLS as distributed by MLS GRID
Sold$600,000
Oct 18, 2024•$269/sqft•NWMLS as distributed by MLS GRID
Pending Sale$650,000
Sep 30, 2024•$291/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$650,000
Aug 8, 2024•$291/sqft•NWMLS as distributed by MLS GRID
Tax history
18 years of records
YearTax paidAssessed value
Apr 15, 2024$4,678$446,200
Apr 15, 2023$4,872$465,700
Apr 15, 2022$3,188$319,200
Apr 15, 2021$2,773$231,700
Apr 15, 2020$3,280$253,800
Apr 15, 2019$3,768$352,900
Apr 15, 2018$3,204$306,500
Apr 15, 2017$1,881$193,050
Apr 15, 2016$1,881$181,300
Apr 15, 2014$1,881$150,100
Apr 15, 2011——
Apr 15, 2010——
Apr 15, 2009$2,386—
Apr 15, 2008——
Apr 15, 2007$1,908—
Apr 15, 2006$2,852—
Apr 15, 2005$1,837—
Apr 15, 2004——
Nearby homes
Neighborhood details
Local context around this listing
Olympia, WA • Thurston County
Nearby neighborhoods
Cain RoadDowntownEast Bay DriveEastsideMapleviewNewportNorth EastNorthwestSouth WestsideSpringfield
Nearby cities
BucodaCentraliaLaceyNisqually Indian CommunityOlympiaRainierRochesterTenino
Nearby zip codes
985019850498506985079850898512985139854098599
Similar homes
Based on information submitted to the MLS GRID as of 2026-04-14 19:54:43 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)
No obligation · Same-day response