7809 Martin Wy E $2,200,000

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    7809 Martin Wy E Olympia, WA 98516

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    $2,200,000

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    • 0 Beds
    • 0 Baths
    • 5,950 sq.ft.
    • Multi-Family
    • Listing# 1564674
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    Views: 6 Days On Market: 2

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    Property Details

    Rare opportunity to own 8.17 acres on Martin Way. Front portion has 225 of Martin Way frontage and is zoned MHDC. Back portion is zoned LD 3-6 units per acre and is ripe for rezoning. 5 rental homes are located on the back, plus a barn that has been rented out for storage. Current monthly income is for all properties is $8278. 2018 average traffic count over 27,000.

    • General Features
      • County Thurston
      • County Thurston
      • Lot Details Paved Street, Value In Land
      • Lot Square Footage 355,885
      • Number of Stories 1
      • Number of Units 6
      • Selling Office Commission 2.5
      • Site Features Cable TV, Deck, Fenced-Partially, Gas Available, High Speed Internet, Outbuildings
      • Style 55-5-9 Units
      • Year Built 1940
    • Building Features
      • Roof Compostion, Flat
      • Exterior Wood, Wood Products
      • Approx SqFt 5,950
      • Floor Covering Vinyl, Wall to Wall Carpet
    • Financials
      • Total Monthly Income $8,278
      • Net Operating Income $68,301
      • Gross Scheduled Income $103,662
      • Gross Adjusted Income $98,479
      • Total Expenses $30,178
      • Other Expenses $11,000
      • Insurance Expenses $3,328
      • Expenses $30,178
      • Heating Expenses $0
      • Electrical Expenses $0
      • Gross Rent Multiplier 22
    • Utilities and Taxes
      • Tax Year 2019
      • Tax Amount $15,850
      • Energy Source Electric
      • Heating and Cooling Baseboard
      • Sewer Company Sewer Available, Septic
    • Schools
      • School District North Thurston
      • Senior High Buyer To Verify
      • Junior High Buyer To Verify
      • Elementary School Buyer To Verify

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    Neighborhood

    98516 (Olympia) Demographics

    40 Median Age
    792 Population Density (per sq. mile)
    47% College Educated
    $69,370 Estimated Median Income
    6,148 Estimated Total Home Owners
    2,566 Estimated Total Renters
    71% / 29% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    22,697 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $423,315 Median Sales Price
    47 Homes Sold
    66 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $2,200,000
        2/14/2020 1:51:00 PM 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, 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.