210 Bethel Street Ne, Olympia, WA 98506
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- MLS#: NWM2272921 ( Residential Income )
- Street Address: 210 Bethel Street Ne
- Viewed: 2
- Price: $5,300,000
- Price sqft: $293
- Waterfront: No
- Year Built: 1970
- Bldg sqft: 18088
- Additional Information
- Geolocation: 47.0472 / -122.884
- County: THURSTON
- City: Olympia
- Zipcode: 98506
- Subdivision: Capital Campus
- Provided by: Highmark Partners
- Contact: Justin Kraft
- 206-895-2988
- Provided by: Highmark Partners
- Listings provided courtesy of the North West Multiple Listing Service. Disclaimer: The information contained in this listing has not been verified by Highmark Partners and should be verified by the buyer.
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DescriptionIntroducing 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
Property Location and Similar Properties
Features
Home Owners Association Fee
- 0.00
Carport Spaces
- 0.00
Close Date
- 0000-00-00
Cooling
- None
Country
- US
Covered Spaces
- 0.00
Exterior Features
- Wood Products
Flooring
- Vinyl Plank
Garage Spaces
- 0.00
Heating
- Baseboard
Insurance Expense
- 8800.00
Living Area
- 0.00
Lot Features
- Corner Lot
Area Major
- 447 - Olympia North
Net Operating Income
- 334647.00
Open Parking Spaces
- 32.00
Other Expense
- 64232.00
Parcel Number
- 99000657000
Possession
- Closing
Possible Use
- Multi-Family
Property Condition
- Remodeled
Property Type
- Residential Income
Roof
- Flat
Sewer
- Sewer Connected
Tax Year
- 2024
Year Built
- 1970