3532 Mary Elder RD NE, Olympia, WA 98506
See all 16 photos
3532 Mary Elder RD NE, Olympia, WA 98506
3532 Mary Elder RD NE, Olympia, WA 98506
3532 Mary Elder RD NE, Olympia, WA 98506
3532 Mary Elder RD NE, Olympia, WA 98506
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by:COMPASS • Lisa Le • Marius ion
$ 1,750,000
Est. payment /mo
Save
Pending

3532 Mary Elder RD NE Olympia, WA 98506

20 Beds

10 Baths

7,163 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Square Footage 7,163 sqft

Price per Sqft $244

Subdivision Olympia

MLS Listing ID 2339340

Style 53 - Tri-plex

Bedrooms 20

Year Built 1950

Annual Tax Amount $9,920

Lot Size 0.480 Acres

Property Sub-Type Multi Family

Property Description

Exceptional opportunity to own a fully leased 11-unit transitional housing property in the heart of Olympia, generating a strong $148,073 in annual NOI. Spread across three buildings, this triplex-configured asset delivers consistent performance with long-term tenancy and stable returns. Features include shared laundry and ample off-street parking—enhancing tenant retention in this central location. Residents benefit from close proximity to shopping, dining, and transit. This is an ideal acquisition for impact-focused buyers or investors seeking immediate cash flow and long-term potential. Don't miss this rare opportunity to own a high-performing asset in one of Olympia's most accessible neighborhoods.

Location

State WA

County Thurston

Area 447 - Olympia North

Interior

Flooring Laminate, Vinyl, Carpet

Fireplace false

Exterior

Exterior Feature Wood, Wood Products

Amenities Available Fenced-Partially

View Y/N No

Roof Type Composition

Building

Lot Description Paved

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District North Thurston

Others

Senior Community No

Acceptable Financing Cash Out, Conventional, Rehab Loan

Listing Terms Cash Out, Conventional, Rehab Loan


Northwest MLS (NWMLS)

Nearby Locations

ABOUT US

Our Story


From Humble Beginnings to a Nationwide Movement


At simpliHŌM, we know firsthand that real estate is about more than houses — it’s about people, families, and the places they call home. Our journey didn’t begin in a boardroom or with limitless resources. It began with adversity.

 

Our Founder & CEO, Sean Miku, once found himself on food stamps, without a home, and forced to pick the lock on a water meter just to give his baby girl her first bath. Out of those struggles came a relentless determination to build something better — not only for his own family, but for every agent and client who deserved a simpler, more supportive way to experience real estate.

 

With just $30,000 and four agents, simpliHŌM was launched in 2018. From those humble beginnings, we’ve grown into a thriving, people-first brokerage spanning multiple states and serving thousands of agents nationwide — all driven by the same mission: Making Real Estate Simple.

 
Our Mission: Making Real Estate Simple


We believe real estate should be transparent, efficient, and personal. At simpliHŌM, relationships are at the heart of every transaction. Our mission is to remove the unnecessary complexity and stress, creating a seamless experience for clients and empowering agents to thrive.

 
Innovative Technology Meets Human

Kayli Tumblin

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

GET MORE INFORMATION

Name
Phone*
Message

Go tour this home

3532 Mary Elder RD NE

};