1. Washington
  2. Olympia
  3. 3532 Mary Elder Road NE
$1,750,000

3532 Mary Elder Road NE, Olympia, WA 98506

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1950
  • Property Lot Size Icon0.48acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 4 months ago

Property Description

This listing courtesy of Lisa Le, COMPASS

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.

Listing Status:
Active
Listing Office:
COMPASS : 425-242-6440
Listing Agent:
Lisa Le : 425-242-6440
MLS ID:
2339340
  • General: Laminate
  • Flooring: LaminateVinylCarpet
  • A/C: None
  • Heating: Baseboard
  • Fireplace: Fireplaces: 0

This listing courtesy of Lisa Le, COMPASS

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

P

Pleasant Glade Elementary School

1920 Abernethy Rd NE, Olympia, WA, 98516

Grades PK-5

1.35 miles away

C

Chinook Middle School

4301 6th Ave NE, Lacey, WA, 98516

Grades 6-8

0.92 miles away

N

North Thurston High School

600 Sleater Kinney Rd NE, Olympia, WA, 98506

Grades 9-12

0.65 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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