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509 Old Pacific Highway SE

Olympia, WA 98513
  • $8,950,000
  • STATUS: Active
  • ON SITE: 107 Days
  • ID#: 2032180
Price Reduced
UPDATED: 60 min ago
$8,950,000
  • 0
    BEDS
  • 5.6
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 34,558
    SQFT
  • $259
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1965
County:

School Information

Elementary School:
Middle School:
High School:
School District:
Northwest MLS logoListing information ©2023 Northwest MLS. Listing courtesy of Better Properties Nw. Sold by .

Description

PRICE DROP!! Fully rehabbed and stabilized 40-unit apartment complex located just off I-5, a major arterial close to military and large employers (government, hospital, education). The buildings are set back along the Nisqually river in a secluded quiet location. The property consists of 3 buildings on one parcel and an extra 2-acre parcel included. Perfect mix of units; 12- 3 bed 2 baths 15-2 bedrooms, and 13-1 bedrooms. Plenty of parking throughout the property for tenants and guests. This asset is completely turnkey with a full appraisal from OLYFED completed at 9.7 million. Updates include new roofs in 2020 and 2021, all new vinyl windows and patio doors in 2022, Kitchens, bathrooms, flooring, paint, fans, faucets, appliances etc...

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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 Tribeca NW 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 2023-05-29T11:14:09.537. 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 2023-05-29T11:14:09.537. 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.tribecanw.com/homes/136862539
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509 Old Pacific Highway SE Olympia, WA 98513

  • Price: $8,950,000
  • Status: Active
  • On Site: 107 Days
  • Updated: 60 min ago
  • ID#: 2032180
0
Beds
0
Baths
0
½ Baths
5.6
Acres
34,558
SQFT
$259
$/SQFT
1965
Built
Neighborhood:
Lacey
County:
Thurston
Area:
Hawks Prairie
Elementary School:
Evergreen Forest Ele
Middle School:
Nisqually Mid
High School:
River Ridge High
School District:
North Thurston
Property Description
PRICE DROP!! Fully rehabbed and stabilized 40-unit apartment complex located just off I-5, a major arterial close to military and large employers (government, hospital, education). The buildings are set back along the Nisqually river in a secluded quiet location. The property consists of 3 buildings on one parcel and an extra 2-acre parcel included. Perfect mix of units; 12- 3 bed 2 baths 15-2 bedrooms, and 13-1 bedrooms. Plenty of parking throughout the property for tenants and guests. This asset is completely turnkey with a full appraisal from OLYFED completed at 9.7 million. Updates include new roofs in 2020 and 2021, all new vinyl windows and patio doors in 2022, Kitchens, bathrooms, flooring, paint, fans, faucets, appliances etc...
Exterior Features

Carport Spaces 0 Carport YN No Construction Methods Standard Frame Covered Spaces 0 Exterior Features WoodWood Products Lot Features Paved Open Parking Spaces 84 Open Parking YN Yes Parking Total 84 Parking Uncovered Spaces 84 Roof Composition Structure Type Multi Family Style Code 56 - 10+ Units View River View YN Yes Waterfront Features Bank-Medium Waterfront YN Yes

Interior Features

Building Area Total 34558 Cooling None Cooling YN No Fireplace YN No Furnished Unfurnished Heating Wall Unit(S) Heating YN Yes Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Association YN No Cumulative Days On Market 95 Energy Source Electric FIRPTAYN Yes First Right Of Refusal No Foundation Details Poured Concrete Irrigation Water Rights YN No Listing Terms Cash OutConventional Net Operating Income 503218 New Construction YN No Possession Closing Possible Use Multi-Family Power Company Pse Power Production Type Electric Property Sub Type Multi-Family Senior Community YN No Sewer Septic Tank Sewer Company Septic Special Listing Conditions None Tax Annual Amount 71242 Tax Year 2022 Units In Building Total 40 Water Company Lacey Water Water Source Public Year Built Effective 1965 Zoning Class Multi-Family Zoning Jurisdiction County



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 Tribeca NW 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 2023-05-29T11:14:09.537. 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 2023-05-29T11:14:09.537. 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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Tribeca NW Real Estate
2800 156th Ave SE, Suite 110
Bellevue WA, 98007
Northwest MLS logoListing information ©2023 Northwest MLS. Listing courtesy of Better Properties Nw. Sold by .