303 17th Ave SE $1,310,000

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    303 17th Ave SE Olympia, WA 98501

    • 0 Beds
    • 0 Baths
    • 5,496 sq.ft.
    • Multi-Family
    Listing# 1449035 | Active

    $1,310,000

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    Days On Market: 138 16 Views
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    Property Details

    Located just blocks from the Capitol, this Historical Mansfield Apartment building has been updated with a new 40 year old roof, tankless water heaters, stoves and all units have new wiring. 4 units have granite countertops, 6 have hardwood floors. 2 units are being remodeled presently. In 2019 all rents have been increased with the average rent being $850/per. Cap rate is 3.55%-projected cap rate is going to 4.8% in 2019. Owner is looking into reclassifying property to the Historical Registry.

    • General Features
      • County Thurston
      • Style 55-5-9 Units
      • Number of Stories 3
      • Number of Units 8
      • Year Built 1917
      • Lot Details Alley, Corner Lot, Paved Street, Sidewalk
      • Lot Square Footage 8,400
      • Site Features Cable TV, Gas Available, High Speed Internet, Outbuildings
      • View Territorial
      • County Thurston
    • Building Features
      • Approx SqFt 5,496
      • Roof Compostion
      • Exterior Wood Products
      • Amenities Coin Op Laundry
      • 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 Electric, Natural Gas
      • Heating and Cooling Baseboard
      • Water Company City
      • Sewer Company Sewer Available
    • Schools
      • School District Olympia

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    Neighborhood

    98501 (Olympia) Demographics

    40Median Age
    1,202Population Density (per sq. mile)
    54%College Educated
    $67,060 Estimated Median Income
    9,847Estimated Total Home Owners
    7,110Estimated Total Renters
    58% / 42%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    41,415Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $374,500 Median Sales Price
    80 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $1,310,000
        5/1/2019 9:21:00 AM New in Database Source

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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, 2019. 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.