816 Union Mills $650,000


    816 Union Mills Olympia, WA 98503

    • 0 Beds
    • 0 Baths
    • Multi-Family
    Listing# 1477587 | Active
    Days On Market: 147 15 Views
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    Property Details

    Union Mills consists of two side by side duplexes holding four 2-bedroom 1-bath units, four garages, in-unit washer/dryer and recently renovated exterior. Ripe for renovation, Union Mills provides an excellent value-add opportunity for investor. Current rents average $1,010 in a growing market that calls for $1,250 pre-renovation. Potential unit upgrades include; plank flooring, updated cabinets / countertops, stainless-steel appliances. Post renovation rents call for $1,450 in current market.

    • General Features
      • County Thurston
      • County Thurston
      • Lot Square Footage 51,998
      • Number of Stories 1
      • Number of Units 4
      • Selling Office Commission 2.5
      • Style 52-Duplex
      • Year Built 1986
    • Building Features
      • Roof Compostion
      • Exterior Wood
      • Approx SqFt 0
      • Floor Covering Ceramic Tile
    • Financials
      • Total Monthly Income $4,285
      • Net Operating Income $36,363
      • Gross Scheduled Income $54,740
      • Gross Adjusted Income $52,003
      • Total Expenses $15,640
      • Other Expenses $0
      • Insurance Expenses $1,200
      • Expenses $15,640
      • Heating Expenses $0
      • Electrical Expenses $0
      • Gross Rent Multiplier 12
    • Utilities and Taxes
      • Tax Year 2019
      • Tax Amount $4,356
      • Energy Source Electric
      • Heating and Cooling Baseboard
      • Sewer Company Septic
    • Schools
      • School District Olympia



    98503 (Olympia) Demographics

    37Median Age
    3,339Population Density (per sq. mile)
    39%College Educated
    $57,548 Estimated Median Income
    7,577Estimated Total Home Owners
    7,353Estimated Total Renters
    51% / 49%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    37,678Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $312,000 Median Sales Price
    57 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: $650,000
        10/7/2019 2:11:47 PM Price Reduced Source New Value: $650,000 -3.7%
        6/24/2019 8:31:00 AM New in Database Source New Value: $675,000

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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, 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.