303 17th Ave SE $1,375,000

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    303 17th Ave SE Olympia, WA 98501

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    $1,375,000

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    • 0 Beds
    • 0 Baths
    • 5,496 sq.ft.
    • Multi-Family
    • Listing# 1449035
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    Views: 94 Days On Market: 302

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    Property Details

    Location, location, location! Just off Capitol Way on 17th sits the Historic Mansfield Apartments. It has 1 2 bedroom unit, 6 1 bedroom units, & 1 studio. Rents average $850 per unit which gives you 5.9% Cap Rate. Rents are currently under market rate to long term tenants. Building has gone through major updating since current owner purchased it in 2012. Owner is in the process of adding the building to the Historical Registry.

    • General Features
      • County Thurston
      • County Thurston
      • Lot Details Alley, Corner Lot, Paved Street, Sidewalk
      • Lot Square Footage 8,400
      • Number of Stories 3
      • Number of Units 8
      • Selling Office Commission 2.5
      • Site Features Cable TV, Gas Available, High Speed Internet, Outbuildings
      • Style 55-5-9 Units
      • View Territorial
      • Year Built 1917
    • Building Features
      • Roof Compostion
      • Exterior Wood Products
      • Amenities Coin Op Laundry
      • Approx SqFt 5,496
      • Floor Covering Hardwood, Vinyl, Wall to Wall Carpet
    • Financials
      • Total Monthly Income $0
      • Net Operating Income $64,800
      • Gross Scheduled Income $64,800
      • Gross Adjusted Income $64,800
      • Total Expenses $18,677
      • Other Expenses $3,600
      • Insurance Expenses $4,200
      • Expenses $18,677
      • Heating Expenses $0
      • Electrical Expenses $1,500
      • Gross Rent Multiplier 0
    • Utilities and Taxes
      • Tax Year 2019
      • Tax Amount $4,277
      • Energy Source ,
      • Heating and Cooling Baseboard
      • Water Company City
      • Sewer Company Sewer Available
    • Schools
      • School District Olympia

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    Neighborhood

    98501 (Olympia) Demographics

    39 Median Age
    1,202 Population Density (per sq. mile)
    54% College Educated
    $67,060 Estimated Median Income
    9,847 Estimated Total Home Owners
    7,110 Estimated Total Renters
    58% / 42% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    41,415 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $360,521 Median Sales Price
    37 Homes Sold
    56 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $1,375,000
        10/23/2019 1:11:19 PM Price Increased Source New Value: $1,375,000 4.96%
        5/1/2019 9:21:00 AM New in Database Source New Value: $1,310,000

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2020. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.