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Listing Firm: The Foundation Group LLC: Ethan Szmania

Bought With: The Foundation Group LLC : Ethan Szmania

SOLD On April 29, 2024
NWMLS # 2164199

$2,495,000

  • Sold Price
  • - Beds
  • - Baths
  • 10338 Sq.ft.

333 Division Street NW, Olympia, WA 98502

Listings with the three tree icon are courtesy of NWMLS

About This Property

Price reduction - current cap rate of 6.52% trending to 8.81%. Olympia Portfolio: value-add 15-unit in NW Olympia. Proximity to Capital Mall for retail, groceries, and dining. Well-connected to transportation. 7 contiguous parcels - four townhomes (built 2007, 2009), single-family home (1934), 6-unit apartment with standalone retail (1947), single parcel containing a house, cottage and converted garage unit (1935). Nearby to parks and Evergreen State College. Thoughtfully maintained with high curb appeal. Fully occupied, potential for rent increases and interior renovations. Parcels offer flexibility and significant value-add component.

Buyer's Agent: Ethan Szmania • The Foundation Group LLC

Listed by: Ethan Szmania • The Foundation Group LLC

Aris360 Last Checked: 1 Minute Ago (Jul 18, 2025 10:06 AM)

  • Source: NWMLS as Distributed by MLS Grid #2164199

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: Division
  • Zip/Postal Code: 98502
  • City: Olympia

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$3,847 per month
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Property Features

  • County
    • Westside
  • Community
    • 444 - Olympia Westside
  • MLS Area
    • 444 - Olympia Westside
  • Longitude
    • -122.926141
  • Latitude
    • 47.048383
  • Directions
    • See google or imaps for driving directions.

  • Interior
    • Wall to Wall Carpet
  • Floors
    • Vinyl
    • Carpet
  • Power Production Type
    • Electric

  • Stories
    • 1
  • Style
    • 56 - 10+ Units
  • Parking Spaces
    • 27
  • Lot Description
    • Corner Lot,
    • Sidewalk,
  • Foundation
    • Poured Concrete,
  • Elevation
    • Feet
  • Water Source
    • Public,
  • Exterior
    • See Remarks
  • Roof
    • Composition,
    • See Remarks,
  • Septic or Sewer
    • Sewer Connected,
  • Lot Size in Acres
    • 1

  • Covered Spaces
    • 4
  • Condition
    • Good,
  • Building Total Area (Sq. Ft.)
    • 35260

  • High School District
    • Olympia

  • Possession
    • Closing,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi-Family
  • Tax Year
    • 2023
  • Structure Type
    • Multi Family,
  • Tax Amount
    • $21732
  • Year Built
    • 1935
  • Effective Year Built
    • 1990
  • Status
    • Sold

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Disclaimer: Based on information submitted to the MLS GRID as of Fri Jul 18 2025 . 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.

Jul 18, 2025 10:06 AM