3532 Mary Elder Road Ne, Olympia, WA 98506
Local realty services provided by:Better Homes and Gardens Real Estate Macy & Co.
Listed by: lisa le, marius ion
Office: compass
MLS#:2339340
Source:NWMLS
3532 Mary Elder Road Ne,Olympia, WA 98506
$1,750,000
- - Beds
- - Baths
- 7,163 sq. ft.
- Multi-family
- Pending
Price summary
- Price:$1,750,000
- Price per sq. ft.:$244.31
About this home
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.
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Home facts
- Year built:1950
- Listing ID #:2339340
- Updated:November 26, 2025 at 09:01 AM
Rooms and interior
- Living area:7,163 sq. ft.
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Roof:Composition
- Year built:1950
- Building area:7,163 sq. ft.
- Lot area:0.48 Acres
Utilities
- Water:Public
- Sewer:Sewer Connected
Finances and disclosures
- Price:$1,750,000
- Price per sq. ft.:$244.31
- Tax amount:$9,920 (2024)
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