Property Details
3532 Mary Elder Road NE
Olympia, WA 98506
$1,750,000
Pending
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About This Home
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.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Pending
County
Thurston
Neighborhood
Olympia
Listed
Mar 6, 2025
Interior Features
Bathrooms
0.0
Stories
2
Exterior & Lot
Lot Size
0.48 sqft
Year Built
1950
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Paved
Exterior Features
Wood, Wood Products
Location
City
Olympia
County
Thurston
Coordinates
47.04821, -122.84523
Schools
School District
North Thurston
Additional Information
Tax Year
2024
Annual Taxes
$9,920
Possession
Array
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Estimated Monthly Payment
$0
Provided by Beyond Real Estate, LLC
Down Payment Assistance Available
This property may qualify for homebuyer assistance programs
Find out if you’re eligible for down payment assistance programs that could help make this home more affordable. Programs can provide thousands of dollars toward your down payment and closing costs.
Check Your EligibilityBased on information submitted to the MLS GRID as of April 25, 2026 5:11 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
