Address
507 Kaiser Road NW, Olympia, WA
Price
$ 617,000
Property Attributes
- ID#2180926
- TypeMulti-Family
- CountyTHURSTON
- CityOlympia
- AreaOlympia Westside
- NeighborhoodWestside
- Zip98502
- StyleTri-plex
- Year Built1970
- Taxes$ 4385
- Price$ 617,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage1902
- Lot Size0.63 Acres
Data Source:
Northwest Multiple Listing Service (NWMLS)
Property Description
8% Cap Rate! 3 units on 2/3 acre on Olympia's Westside. Duplex plus single family home. Unit A: 1 bed / 1 full bath w/ attached carport; Unit B: Studio Apt w/ full bath. Unit C: 2 bed / 1 full bath & loft. Updated interiors. Property has wide circular driveway w/ 4 additional parking spaces. Accessibility cannot be beat! One block to bus stop and 1/4 mile to 101 freeway. owner will pay for professional placement of new tenants for all units. Currently operating as a 4.78-star Airbnb. Owner willing to pay for professional placement of long term tenants. Furnishings can be purchased outside of closing for $10,000.
| Elementary School | Middle School | High School |
|---|---|---|
| Mclane Elem | Marshall Middle | Capital High |
| Price History | |
|---|---|
| 11/18/2023 | Listed $617,000 |
General Features
| Building Area Units | Square Feet |
|---|---|
| Carport Spaces | 1 |
| Carport Y/N | No |
| City | Olympia |
| County | Thurston |
| Directions | East on Mud Bay / Harrison, Right on Kaiser to property on Right. |
| Elementary School | Mclane Elem |
| Exterior Features | Wood |
| High School | Capital High |
| High School District | Olympia |
| Insurance Expense | 1500 |
| Interior Features | Laminate, Wall to Wall Carpet |
| Leasable Area | 1902 |
| Listing Terms | Cash Out, Conventional |
| Lot Size Square Feet | 27443 |
| MLS Area | 444 - Olympia Westside |
| Middle/Junior High School | Marshall Middle |
| Net Operating Income | 49485 |
| New Construction | No |
| Open Parking Spaces | 5 |
| Possession | Closing |
| Possible Use | Office, Residential |
| Property Condition | Good |
| Property Style | 53 - Tri-plex |
| Property SubType | Multi-Family |
| Property Type | Residential Income |
| Public Remarks | 8% Cap Rate! 3 units on 2/3 acre on Olympia's Westside. Duplex plus single family home. Unit A: 1 bed / 1 full bath w/ attached carport; Unit B: Studio Apt w/ full bath. Unit C: 2 bed / 1 full bath |
| Roof | Composition |
| Senior Community Y/N | No |
| Sewer | Septic Tank |
| Special Listing Conditions | None |
| Standard Status | Active |
| Status | Active |
| Street Name | Kaiser |
| Structure Type | Triplex |
| Subdivision Name | Westside |
| Tax Annual Amount | 4385 |
| Tax Year | 2023 |
| Total Units | 3 |
| Units Below Grade | false |
| Units In Building Total | 3 |
| View | Territorial |
| View Y/N | Yes |
| Water Company | Individual Well |
| Waterfront Y/N | No |
| Year Built | 1970 |
| Zoning Class | Office, Residential |
Interior Features
| Air Conditioning Y/N | Yes |
|---|---|
| Fireplace Y/N | No |
| Flooring | Laminate, Vinyl, Vinyl Plank, Carpet |
| Heating Y/N | Yes |
| Living Area Units | Square Feet |
| Power Production Type | Electric |
| Street Suffix | Road |
| Total Stories | 2 |
Exterior Features
| Building Area Total | 1902 |
|---|---|
| Irrigation Water Rights Y/N | No |
| Lot Features | Paved |
| Lot Size Acres | 0.63 |
| Lot Size Units | Square Feet |
| Open Parking Y/N | Yes |
| Parking Features | RV Parking |
| Parking Uncovered Spaces | 5 |
| Site Features | Cable TV, High Speed Internet, Outbuildings, Patio, RV Parking |
| Total Parking | 6 |
| Water Source | Individual Well |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 98502
Price
Taxes
Visits
Year Built
Walkscore
