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About the Listing 5813 - 107621,118191
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.
Listing Highlights for 3532 Mary Elder Rd NE
Status
Active
Days on Site
183
Property Type
Multi-Family
MLS ®
2339340
Year Built
1950
Total Square Footage
7,163
Lot/Acreage
0.48
Interior Details
- Bedrooms: 20
- Bathrooms: 10 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: Laminate,Vinyl,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Laminate
- Water: Public
Exterior Details
- Lot Description: Paved,Fenced-Partially,Zoning: Multi-Family
- Garage Capacity: N/A
- Parking Spaces: 8
- Zoning: Multi-Family
- Roof: Composition
- Others: Wood,Wood Products,Fair
- Sewer: Sewer Connected
Financial Details
- Tax Amount: $9,920
- Taxes w/Assessments: N/A
- Tax/Property ID: 11818141600
- Tax Year: 2024
Payment Calculator
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Listing Location
Questions About..
3532 Mary Elder Rd NE Olympia, WA 98506
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