3532 Mary Elder Road Ne, Olympia, WA 98506

Olympia
Local realty services provided by:Knipe Realty ERA Powered
Listed by: lisa le, marius ion
Office: compass
MLS#:2339340
Source:NWMLS
3532 Mary Elder Road Ne,Olympia, WA 98506
$1,750,000
  • - Beds
  • - Baths
  • 7,163 sq. ft.
  • Multi-family
  • Pending

Price summary

  • Price:$1,750,000
  • Price per sq. ft.:$244.31

About this home

Exceptional opportunity to own a fully leased 11-unit transitional housing property in the heart of Olympia, generating a strong $148,073 in annual NOI. Spread across three buildings, this triplex-configured asset delivers consistent performance with long-term tenancy and stable returns. Features include shared laundry and ample off-street parking—enhancing tenant retention in this central location. Residents benefit from close proximity to shopping, dining, and transit. This is an ideal acquisition for impact-focused buyers or investors seeking immediate cash flow and long-term potential. Don’t miss this rare opportunity to own a high-performing asset in one of Olympia’s most accessible neighborhoods.

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Home facts

  • Year built:1950
  • Listing ID #:2339340
  • Updated:March 19, 2026 at 08:06 AM

Rooms and interior

  • Flooring:Carpet, Laminate, Vinyl Floor
  • Living area:7,163 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Composition
  • Year built:1950
  • Building area:7,163 sq. ft.
  • Lot area:0.48 Acres
  • Lot Features:Paved
  • Construction Materials:Wood Exterior Finish, Wood Products Exterior Finish
  • Exterior Features:Fenced-Partially

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,750,000
  • Price per sq. ft.:$244.31
  • Tax amount:$9,920 (2024)

Parking

  • Total parking spaces:8
  • Parking description:Uncovered Space(s) : 8
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