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Listed by: Lisa Le (206) 734-9044 , Marius ion (425) 466-7876 | COMPASS (425) 242-6440
$1,750,000
Monthly Est:$8,710
20 Beds
10 Baths
7,163sqft
3532 Mary Elder Rd NE, Olympia, WA 98506
$1,750,000
$8,710/moEst:
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Multi Family
Built in 1950
$-- HOA
20,909 sqft lot
$244/sq.ft
Description
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.
- Houzeo last checked: 12 hours ago
- Listing updated: September 25, 2026 at 2:22 am
- Source: Northwest Multiple Listing Service | MLS#: NWM2339340
Property Details
Status
Pending
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1950
HOA Fees
-
Finished Area
7,163 sqft
Lot Size
20,909 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2339340
MLS Status
Pending
Days on Market
576
Cumulative Days on Market
394
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 20
Bathrooms: 10
Interior
Exterior Features
Wood, Wood Products
Heating
Baseboard
Sewer
Sewer Connected
Cooling
None
Flooring
Laminate, Vinyl, Carpet
Construction
Year Built
Year Built: 1950
Home type
Multi Family
Construction Materials
Wood
Foundation Details
Poured Concrete
Property Condition
Fair
Roof
Composition
Utilities & Energy
Water Source
Public
Security Features
Partially Fenced
Other Features
Lot Features
Paved
Subdivision Name
Olympia
Price History
| Date | Event | Price |
|---|---|---|
11/03/2025 Source: | Pending | $1,750,000 $244/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 02, 2026, 09:01AM. 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.
IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
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