2515 Mitchell Avenue NE Olympia, WA $ 1,000,000
2515 Mitchell Avenue NE
$ 1,000,000
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2515 Mitchell Avenue NE

Olympia, WA, 98506
$ 1,000,000
Baths0.0 Sq 3,312

Monthly Estimate*

$ 6,239

Listed by Olympic Sotheby's Int'l Realty
2515 Mitchell Avenue NE, Olympia, WA 98506 - Image 1
2515 Mitchell Avenue NE, Olympia, WA 98506 - Image 2
2515 Mitchell Avenue NE, Olympia, WA 98506 - Image 3
Studio

Multi-Family Home for sale in Olympia, WA

for $1,000,000. This 3,312 square foot home was built in 1971 on a lot size of 0.4649.

Attention Investors!! Well maintained 4-plex, 2 duplexes, in a great location with a 7.4 cap rate! All 4 units have the same layout and are 2 bedroom, 1 bathroom, 830+/- sqft with one car garages and large fenced back yards. Tenants pay water & garbage and the sewer is on septic so no monthly bills for the owner. Close to all amenities and located on a dead end street.

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Multi-Family Active

Price

$ 1,000,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 7,996

Style

4-Plex

Lot Size

0.4649

Year Built

1971

Town/City

Olympia

County/Region

Thurston

MLS | Web ID

2447858

Features
General
Living Area 0
Sewer Septic Tank
Heating Baseboard
Cooling None
Possession Closing
Roof Composition Metal
HOA Fee 0
Security Features Fully Fenced
Year Built 1971
Property Subtype Multi Family
Tax Year 2025
County Thurston
Net Operating Income 0
Insurance Expense 4200
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Bigelow
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions North on South Bay to Left on Phoenix to Left on Mitchell Ave to address on Left.
High School Buyer To Verify
City Olympia
Senior Community Y/N N
High School District Olympia
Zoning Description Multi-Family
Open Parking Spaces 0
Number Of Units Total 4
MLS Area 447 - Olympia North
Lot Size Units Square Feet
Lot Size Square Feet 20250
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional
Elementary School Buyer To Verify
Tax Annual Amount 7996
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Buyer To Verify
Property Condition Good
Public Remarks Attention Investors!! Well maintained 4-plex 2 duplexes in a great location with a 7.4 cap rate! All 4 units have the same layout and are 2 bedroom 1 bathroom 830+/- sqft with one car garages and lar
Leasable Area 3312
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 0
Property Style 54 - 4-Plex
Cap Rate 7.4
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Exterior
Exterior Amenities Brick Wood Wood Products
Lot Features Curbs Dead End Street Paved Sidewalk
Water Source Public
Total Parking 4
Foundation Details Slab
Building Area Total 3312
Lot Size Acres 0.4649
Waterfront Y/N N
Covered Spaces 4
Irrigation Water Rights Y/N N
Site Features Cable TV Fenced-Fully High Speed Internet Patio
Parking Uncovered Spaces 0
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Interior
Flooring Vinyl Plank Carpet
Total Fireplaces 0
Total Stories 1
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Bedrooms Possible 4
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 NWM2447858
Street Number 1 2515
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* Excluded Features
List By
Tommy Lowe

Listing Agent

Olympic Sotheby's Int'l Realty

Broker

Affordability Calculator

$6,905
Per Month
90%
10%
0%
Monthly Principal & Interest
$6,239
Monthly Property Taxes
$666
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
3100290 Elementary School
3100479 Middle School
Buyer To Verify High School High School
Pricing History
DatePricePrice ChangeDescription
10/24/2025$1,000,000 Listed Price

Map


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2515 Mitchell Avenue NE, Olympia, WA, 98506 is a Multi-Family Home for sale at $1,000,000 with 3,312 sqft and a lot size of 0.4649. 2515 Mitchell Avenue NE is a studio with 0.0 baths and was built in 1971. The property's zip code is 98506 which is in Olympia, WA