1126 Neil Street NE Olympia, WA $ 775,000
1126 Neil Street NE
$ 775,000
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1126 Neil Street NE

Olympia, WA, 98516
$ 775,000
Baths0.0 Sq 3,169

Monthly Estimate*

$ 4,835

Listed by HomeSmart Real Estate Assoc
1126 Neil Street NE, Olympia, WA 98516 - Image 1
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Studio

Multi-Family Home for sale in Olympia, WA

for $775,000. This 3,169 square foot home was built in 1968 on a lot size of 0.3336.

New roof, decking and upgrade to ridge line vent system. Units 2-4 updated in 2020. Unit 1 updated in 2025. Excellent tenants. One level building with all units facing a courtyard. No one above or beneath each unit and the utility room separates the walls of each unit. Shared laundry with room in each unit to upgrade and put a W/D in the hallway closet. Two off street parking spaces per unit. Close to shopping, dining and freeways.

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Multi-Family Pending

Price

$ 775,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 8,746

Style

4-Plex

Lot Size

0.3336

Year Built

1968

Town/City

Olympia

County/Region

Thurston

MLS | Web ID

2416244

Features
General
Living Area 0
Sewer Septic Tank
Heating Baseboard Wall Unit(s)
Cooling None
Possession Closing
Roof Composition
HOA Fee 0
Year Built 1968
Property Subtype Multi Family
Tax Year 2025
County Thurston
Net Operating Income 47369
Insurance Expense 6080
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Tanglewilde
Special Listing Conditions None
Status Pending Inspection
Directions Head West on Martin Way. Right on Neil Street NE just after Franz Bakery. Easy to miss the turn. Look for uHaul and Trucking School.
City Olympia
Senior Community Y/N N
High School District North Thurston
Open Parking Spaces 8
Number Of Units Total 4
MLS Area 451 - Hawks Prairie
Lot Size Units Square Feet
Lot Size Square Feet 14532
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional FHA Owner Financing VA Loan
Tax Annual Amount 8746
Electric Expense 557.69
Fuel Expense 0
Property Condition Average
Public Remarks New roof decking and upgrade to ridge line vent system. Units 2-4 updated in 2020. Unit 1 updated in 2025. Excellent tenants. One level building with all units facing a courtyard. No one above or ben
Leasable Area 3169
Structure Type Quadruplex
Building Area Units Square Feet
Standard Status Pending
Water Company Thurston PUD
Units Below Grade false
Units In Building Total 4
Water Sewer Garbage 4447.48
Property Style 54 - 4-Plex
Cap Rate 6.1
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Exterior
Exterior Amenities Wood
Lot Features Paved
Water Source Public
Total Parking 8
Foundation Details Poured Concrete
Building Area Total 3169
Lot Size Acres 0.3336
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Parking Uncovered Spaces 8
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Interior
Total Fireplaces 0
Total Stories 1
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Bedrooms Possible 8
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 NWM2416244
Street Number 1 1126
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* Excluded Features
List By
Eboni Allen

Listing Agent

Homesmart Real Estate Assoc

Broker

Affordability Calculator

$5,564
Per Month
87%
13%
0%
Monthly Principal & Interest
$4,835
Monthly Property Taxes
$729
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
257450 Elementary School
258892 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/30/2025$775,000 -3.00% Price Down
11/30/2025$799,000 -1.95% Price Down
10/23/2025$814,900 -1.82% Price Down
8/29/2025$829,999 -2.24% Price Down
8/23/2025$849,000 Listed Price

Map


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1126 Neil Street NE, Olympia, WA, 98516 is a Multi-Family Home for sale at $775,000 with 3,169 sqft and a lot size of 0.3336. 1126 Neil Street NE is a studio with 0.0 baths and was built in 1968. The property's zip code is 98516 which is in Olympia, WA