4116 4118 15th Avenue NE Olympia, WA $ 565,000
4116 4118 15th Avenue NE
$ 565,000
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4116 4118 15th Avenue NE

Olympia, WA, 98516
$ 565,000
Baths0.0 Sq 2,316

Monthly Estimate*

$ 3,947

Listed by Better Properties NW
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Studio

Multi-Family Home for sale in Olympia, WA

for $565,000. This 2,316 square foot home was built in 1948 on a lot size of 0.98.

Great investment opportunity with 2 homes on large one acre lot. Updated 1476 sqft 2 story home built in 1948 with 4 BR, 1 BA - rents for $2077. Single-wide home built in 1990, 2 BR, 1 BA & 840 SF rents for $1499. 5-year-old roof on both houses & garage. Updated shaker cabinets and appliances in the main house. Newer vinyl floor, carpet, and interior and exterior paint. Mixed use zoning allows for many opportunities. Close proximity to schools & convenient location.

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Multi-Family Active

Price

$ 565,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 3,888

Style

Duplex

Lot Size

0.98

Year Built

1948

Town/City

Olympia

County/Region

Thurston

MLS | Web ID

2211437

Features
General
Interior Features Wall to Wall Carpet
Sewer Septic Tank
Heating Baseboard Forced Air Insert
Cooling None
Possession Closing
Roof Composition
Exterior Features Metal/Vinyl Wood
HOA 0
Security Features PartiallyFenced FullyFenced
Year Built 1948
Property SubType Multi-Family
Tax Year 2023
County Thurston
Net Operating Income 36207
Insurance Expense 1629
New Construction N
Property Type Residential Income
HOA / Comm Assn N
Subdivision Name Olympia
Special Listing Conditions None
Status Active
Directions North on Sleater Kinney to property on corner of 15th and Sleater Kinney with entrances off each road.
High School North Thurston High
City Olympia
Buyer Agent Compensation 2.5
View Y/N N
Senior Community Y/N N
High School District North Thurston
Open Parking Spaces 2
Total Units 2
MLS Area 446 - Thurston Ne
Lot Size Square Feet 42689
Waterfront Y/N N
Carport Spaces 0
Carport Y/N N
Street Name 15th
Listing Terms Cash Out Conventional FHA VA Loan
Elementary School Pleasant Glade Elem
Tax Annual Amount 3888
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Chinook Mid
Property Condition Restored
Public Remarks Great investment opportunity with 2 homes on large one acre lot. Updated 1476 sqft 2 story home built in 1948 with 4 BR 1 BA - rents for $2077. Single-wide home built in 1990 2 BR 1 BA & 840 SF rents
Leasable Area 2316
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Water Company City of Lacey
Units Below Grade false
Water Sewer Garbage 0
Property Style 52 - Duplex
Cap Rate 6.29
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Interior
Flooring Vinyl Carpet
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Living Area Units Square Feet
Power Production Type Electric
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Exterior
Lot Features Corner Lot
Total Parking 3
Foundation Details Poured Concrete
Building Area Total 2316
Lot Dimensions 42689
Lot Size Acres 0.98
Lot Size Units Square Feet
Covered Spaces 1
Open Parking Y/N Y
Irrigation Water Rights Y/N N
Site Features Cable TV Deck Fenced-Fully Fenced-Partially Outbuildings
Parking Uncovered Spaces 2
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Internal Only
OriginalMLSID NWM2211437
Street Number 1 4116
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* Excluded Features
List By
Andre Scott

Listing Agent

Better Properties Nw

Broker

Affordability Calculator

$4,271
Per Month
92%
8%
0%
Monthly Principal & Interest
$3,947
Monthly Property Taxes
$324
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
258217 Elementary School
257219 Middle School
North Thurston High High School
Pricing History
DatePricePrice ChangeDescription
4/25/2024$565,000 -1.74% Price Down
3/18/2024$575,000 Listed Price

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4116 4118 15th Avenue NE, Olympia, WA, 98516 is a Multi-Family Home for sale at $565,000 with 2,316 sqft and a lot size of 0.98. 4116 4118 15th Avenue NE is a studio with 0.0 baths and was built in 1948. The property's zip code is 98516 which is in Olympia, WA