1015 Legion Way SE Olympia, WA $ 825,000
1015 Legion Way SE
$ 825,000
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1015 Legion Way SE

Olympia, WA, 98501
$ 825,000
Baths0.0 Sq 3,072

Monthly Estimate*

$ 5,080

Listed by Multifamily Properties
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Studio

Multi-Family Home for sale in Olympia, WA

for $825,000. This 3,072 square foot home was built in 1983 on a lot size of 0.1446.

Excellent first multifamily investment property or this would make a fantastic addition to your growing portfolio. This fourplex experiences very little vacancy & turnover. Great floorplans with ample kitchen storage and closet space. Unit A updated in 2025, Unit B updated in 2024. Units C & D (top floor units) are in decent but dated condition with under market rents. Ground units have front and rear access. Upstairs units include their own small deck space. Rear parking off the alley is available for each unit. Fantastic location with a 94 Walk "Walker's Paradise" Score + a 93 Bike "Biker's Paradise" Score. Approx 5 min commute to State Capitol campus. Coin-op laundry located on the premises. Professional management in place but this multifamily asset could be a very reasonable property to self-manage.

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Multi-Family Active

Price

$ 825,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 6,784

Style

4-Plex

Lot Size

0.1446

Year Built

1983

Town/City

Olympia

County/Region

Thurston

MLS | Web ID

2467536

Features
General
Living Area 0
Sewer Sewer Connected
Heating Wall Unit(s)
Cooling None
Possession Closing Subject to Tenant Rights
Roof Composition
HOA Fee 0
Garage Spaces 0
Year Built 1983
Property Subtype Multi Family
Tax Year 2025
County Thurston
Net Operating Income 53095
Insurance Expense 2149
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Olympia
Special Listing Conditions None
Status Active
Directions From I5 exit 105 toward Plum St SE right on Legion St SE. Parking on Quince St SE or in alley between Legion and 7th Ave SE.
High School Buyer To Verify
City Olympia
Senior Community Y/N N
High School District Olympia
Number Of Units Total 4
MLS Area 447 - Olympia North
Lot Size Units Square Feet
Lot Size Square Feet 6300
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional Owner Financing See Remarks
Elementary School Buyer To Verify
Tax Annual Amount 6784
Electric Expense 1080
Fuel Expense 0
Middle/Junior High School Buyer To Verify
Property Condition Good
Public Remarks Excellent first multifamily investment property or this would make a fantastic addition to your growing portfolio. This fourplex experiences very little vacancy & turnover. Great floorplans with ampl
Leasable Area 3072
Structure Type Quadruplex
Building Area Units Square Feet
Standard Status Active
Amenities Coin Op Laundry
Water Company City of Olympia
Units Below Grade false
Units In Building Total 4
Water Sewer Garbage 5700
Property Style 54 - 4-Plex
Cap Rate 6.44
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Exterior
Exterior Amenities Wood Wood Products
Lot Features Alley Curbs Paved Sidewalk
Water Source Public
Foundation Details Poured Concrete
Building Area Total 3072
Lot Size Acres 0.1446
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Cable TV
Parking Uncovered Total 4
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Interior
Flooring Ceramic Tile Vinyl Vinyl Plank Carpet
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 NWM2467536
Street Number 1 1015
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* Excluded Features
List By
Brandon M Vukelich

Listing Agent

Multifamily Properties

Broker

Affordability Calculator

$5,645
Per Month
90%
10%
0%
Monthly Principal & Interest
$5,080
Monthly Property Taxes
$565
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
1/15/2026$825,000 Listed Price

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1015 Legion Way SE, Olympia, WA, 98501 is a Multi-Family Home for sale at $825,000 with 3,072 sqft and a lot size of 0.1446. 1015 Legion Way SE is a studio with 0.0 baths and was built in 1983. The property's zip code is 98501 which is in Olympia, WA