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.
Active
Listed by:
Lisa Le,
COMPASS,
Marius ion,
COMPASS
$1,750,000
3532 Mary Elder Road NE, Olympia, WA 98506
20beds
10baths
7,163sqft
Est.:
Triplex
Built in 1950
-- sqft lot
$1,669,200 Zestimate®
$244/sqft
$-- HOA
What's special
Ample off-street parkingShared laundry
- 217 days |
- 251 |
- 6 |
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