$5,100,000

210 Bethel Street NE, Olympia, WA 98506

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1970
  • Property Lot Size Icon0.6acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 1 year ago

Property Description

This listing courtesy of Justin Kraft, Highmark Partners

Introducing STATESIDE FLATS located at 210 Bethel St NE, Olympia, WA 98506. 27 units with 32 parking stalls, offering a lucrative investment listed at $5.3 million. Conveniently situated just blocks from downtown Olympia and the state capitol, residents enjoy easy access to transit and major roadways for seamless commuting. With a current cap rate of 6.31%, there is ample potential for a new owner to capitalize on rental upside. The property underwent significant renovations over the past three years, totaling approximately $600,000, including interior updates such as new flooring and cabinets, alongside exterior enhancements like new siding, roof replacement, and landscaping upgrades. *Disclosure Broker is part of the ownership group

Listing Status:
Active
Listing Office:
Highmark Partners : 206-895-2988
Listing Agent:
Justin Kraft : 206-895-2988
MLS ID:
2272921
  • Flooring: Vinyl Plank
  • A/C: None
  • Heating: Baseboard
  • Fireplace: Fireplaces: 0
  • General: Wood Products
  • Parking: Parking spaces: 32
  • Roofing: Flat
  • General: 56 - 10+ UnitsBlock
  • HOA Amenities: 0.0
  • Originating MLS: nwmls
  • School District: Olympia
  • County: Thurston
  • Zoning: 99000657000
  • Sewer: Sewer Connected
  • Source: nwmls

This listing courtesy of Justin Kraft, Highmark Partners

Monthly Payment

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

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Location

Schools Nearby

M

Madison Elementary School

1225 Legion Way SE, Olympia, WA, 98501

Grades PK-5

0.25 miles away

O

Olympia Regional Learning Academy

2400 15th Ave SE, Olympia, WA, 98501

Grades KG-12

1.04 miles away

A

Avanti High School

1113 Legion Way SE, Olympia, WA, 98501

Grades 9-12

0.30 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.