1103 Creekwood Court SE Olympia, WA $ 899,000
1103 Creekwood Court SE
$ 899,000
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1103 Creekwood Court SE

Olympia, WA, 98501
$ 899,000
Baths0.0 Sq 3,616

Monthly Estimate*

$ 5,609

Listed by BHGRE - Northwest Home Team
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Studio

Multi-Family Home for sale in Olympia, WA

for $899,000. This 3,616 square foot home was built in 1992 on a lot size of 0.22.

Fully rented 4-plex in the Olympia School District. Each unit includes its own garage and in-unit washer and dryer, a rare combination that adds convenience and long-term appeal. Three of the four units have been beautifully remodeled top to bottom with updated kitchens, new flooring, and modern finishes. Major exterior updates include new concrete plank siding, newer roof, and windows, ensuring lower maintenance and long-term durability. Located minutes from parks, schools, and shopping, this well-maintained property attracts strong tenant demand. Reliable rental history, desirable unit features, and potential for increased rents make this a smart addition to any portfolio. A solid opportunity for new and seasoned investors.

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Multi-Family Active

Price

$ 899,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 9,836

Style

4-Plex

Lot Size

0.22

Year Built

1992

Town/City

Olympia

County/Region

Thurston

MLS | Web ID

2402468

Features
General
Living Area 0
Sewer Sewer Connected
Heating Wall Unit(s)
Cooling None
Possession Closing Subject to Tenant Rights
Roof Composition
HOA Fee 420
Year Built 1992
View Territorial
Property Subtype Multi Family
Tax Year 2025
Assoc Fee Paid Per Monthly
County Thurston
Net Operating Income 41868
Insurance Expense 8940
New Construction N
Property Type Residential Income
HOA Y
Subdivision Name Olympia
Special Listing Conditions None
Status Active
Directions From I-5 South Exit 107 (Pacific Ave) R on Pacific L on Boulevard Rd R on 15th Ave/Dayton St R on Creekwood Ct to very end past mailboxes to bldg on Right (GPS is accurate).
High School Olympia High
City Olympia
Senior Community Y/N N
High School District Olympia
Open Parking Spaces 9
Number Of Units Total 4
MLS Area 448 - Olympia South
Lot Size Units Square Feet
Lot Size Square Feet 9583
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional FHA See Remarks VA Loan
Elementary School Madison Elem
Tax Annual Amount 9836
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Reeves Mid
Property Condition Very Good
Public Remarks Fully rented 4-plex in the Olympia School District. Each unit includes its own garage and in-unit washer and dryer a rare combination that adds convenience and long-term appeal. Three of the four uni
Leasable Area 3616
Structure Type Quadruplex
Building Area Units Square Feet
Standard Status Active
Water Company City of Olympia
Units Below Grade false
Units In Building Total 4
Water Sewer Garbage 3900
Property Style 54 - 4-Plex
Cap Rate 4.7
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Exterior
Exterior Amenities Cement Planked
Lot Features Paved
Water Source Public
Total Parking 13
Foundation Details Poured Concrete
Building Area Total 3616
Lot Size Acres 0.22
Waterfront Y/N N
Covered Spaces 4
Irrigation Water Rights Y/N N
Parking Uncovered Spaces 9
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Interior
Flooring Laminate
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2402468
Street Number 1 1103
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* Excluded Features
List By
Palmer Higa

Listing Agent

Bhgre - Northwest Home Team

Broker

Affordability Calculator

$6,428
Per Month
87%
13%
0%
Monthly Principal & Interest
$5,609
Monthly Property Taxes
$820
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
258631 Elementary School
256928 Middle School
Olympia High High School
Pricing History
DatePricePrice ChangeDescription
11/8/2025$899,000 -6.26% Price Down
7/8/2025$959,000 Listed Price

Map


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1103 Creekwood Court SE, Olympia, WA, 98501 is a Multi-Family Home for sale at $899,000 with 3,616 sqft and a lot size of 0.22. 1103 Creekwood Court SE is a studio with 0.0 baths and was built in 1992. The property's zip code is 98501 which is in Olympia, WA