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Marius Ion

3532 Mary Elder Road NE

$1,750,000 3532 Mary Elder Road NE, Olympia, WA 98506
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.
  • For Sale
    Status
  • 1950
    Year Built
  • 7,163 Sq.Ft.
    Living Area

Features & Amenities

Area & Lot

  • Status: For Sale
  • Living Space: 7,163 Sq.Ft.
  • Lot Size: 0.48 Acres
  • MLS® ID: 2339340
  • Type: Multi-Family
  • Year Built: 1950
  • School District: North Thurston

Interior

  • Flooring: Laminate, Vinyl, Carpet
  • Other Interior Features: Laminate

Exterior & Building

  • Stories: 2
  • Water Source: Public
  • Roof: Composition
  • Lot Features: Paved
  • Heat Type: Baseboard
  • Air Conditioning: None
  • Sewer: Sewer Connected
  • Substructure: Poured Concrete
  • Other Exterior Features: Wood, Wood Products

Financial

  • Sales Price: $1,750,000
  • Real Estate Tax: $9,920/yr

3532 Mary Elder Road NE

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