Skip To Content

    501 4th Avenue E

    Olympia, WA 98501
    • $1,500,000
    • STATUS: Pending
    • ON SITE: 159 Days
    • ID#: 1776284
    Under Contract
    UPDATED: 52 min ago
    $1,500,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1925
    County:

    School Ratings & Info

    Listing Courtesy of The Rants Group.

    Description

    The Kelley building is a turn of the century walk-up building with nine mixed size apartments ranging from 400 square-foot studio apartments to 2-bedroom 2-bath apartments with over a 1,200 square-foot of living space. The retail portion of the building has been home to many businesses including a paint store, antique mall, and many other uses over the years. Nine Residential Units that are 100% Leased, 6,000 SF Ground-Floor Retail Space (vacant), Built in 1925, renovated in the 1990s, CAP Rate: Market 8.4%, As-Is 4.5%.

    Monthly Payment Calculator



    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Rhonda Bishop / Windermere Real Estate/NCW are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-10-25T18:15:47.73.

    www.rhondabishophomes.com/homes/117335427
    Print Image

    501 4th Avenue E Olympia, WA 98501

    • Price: $1,500,000
    • Status: Pending
    • Updated: 52 min ago
    • ID#: 1776284
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    1925
    Built
    Neighborhood:
    Olympia
    County:
    Thurston
    Area:
    Olympia North
    Property Description
    The Kelley building is a turn of the century walk-up building with nine mixed size apartments ranging from 400 square-foot studio apartments to 2-bedroom 2-bath apartments with over a 1,200 square-foot of living space. The retail portion of the building has been home to many businesses including a paint store, antique mall, and many other uses over the years. Nine Residential Units that are 100% Leased, 6,000 SF Ground-Floor Retail Space (vacant), Built in 1925, renovated in the 1990s, CAP Rate: Market 8.4%, As-Is 4.5%.
    Exterior Features

    Carport YN No Covered Spaces 0 Exterior Features Brick Lot Size Dimensions 106X60 Open Parking YN No Parking Total 0 Roof Torch Down Structure Type Unspecified Style Code 61 - Comm Bldg Ovr 10K Topography Level

    Interior Features

    Building Area Total 0 Fireplace YN No Flooring LaminateVinyl Furnished Unfurnished Heating Cooling Type Forced Air Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

    Property Features

    Electric On Property YN No Energy Source Electric First Right Of Refusal No Foundation Details Slab Irrigation Water Rights YN No Listing Terms Cash OutConventional Net Operating Income 67300 Possession Closing Possible Use CommercialMulti-FamilyRetail Power Company Puget Sound Energy Power Production Type Electric Property Condition Average Property Sub Type Commercial Industrial Senior Community YN No Sewer Sewer Connected Sewer Company City Of Olympia Special Listing Conditions None Tax Annual Amount 12804 Tax Year 2021 Utilities Sewer ConnectedElectricity Available Water Company City Of Olympia Water Source Public Zoning Class CommercialMulti-FamilyRetail Zoning Jurisdiction City

    Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Rhonda Bishop / Windermere Real Estate/NCW and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Rhonda Bishop / Windermere Real Estate/NCW are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-10-25T18:15:47.73.

     
    https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1776284-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1776284-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1776284-1.jpg
    Logo
    Rhonda Bishop / Windermere Real Estate/NCW
    517 N. Wenatchee Avenue
    Wenatchee WA, 98801
    Listing Courtesy of The Rants Group.