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Listing Firm: The Rants Group: Darrell McQuiston

Bought With: The Rants Group : Rebecca Samuelson

SOLD On December 20, 2021
NWMLS # 1776284

$1,300,000

  • Sold Price

501 4th Avenue E, Olympia, WA 98501

Listings with the three tree icon are courtesy of NWMLS

About This Property

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%.

Buyer's Agent: Rebecca Samuelson • The Rants Group

Listed by: Darrell McQuiston • The Rants Group

Aris360 Last Checked: 2 Minutes Ago (Jun 06, 2025 06:21 AM)

  • Source: NWMLS as Distributed by MLS Grid #1776284

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: 4th
  • Zip/Postal Code: 98501
  • City: Olympia

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$3,847 per month
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Property Features

  • County
    • Olympia
  • Community
    • 447 - Olympia North
  • MLS Area
    • 447 - Olympia North
  • Longitude
    • -122.896439
  • Latitude
    • 47.045001
  • Directions
    • From south bound I-5 Use the right 2 lanes to take exit 105 toward Port of Olympia. Continue onto Plum St SE. Turn left onto 5th Ave SE. Turn right onto Jefferson St SE. Turn right onto 4th Ave E.

  • Interior
    • Forced Air
    • Laminate
  • Floors
    • Laminate
    • Vinyl
  • Power Production Type
    • Electric
  • Furnished
    • Unfurnished

  • Style
    • 61 - Comm Bldg Ovr 10K
  • Foundation
    • Slab,
  • Topography
    • Level
  • Elevation
    • Feet
  • Water Source
    • Public,
  • Exterior
    • Brick
  • Roof
    • Torch Down,
  • Septic or Sewer
    • Sewer Connected,
  • Condition
    • Average,
  • Water
    • City of Olympia
  • Building Total Area (Sq. Ft.)
    • 6346
  • Utilities
    • Sewer Connected,
    • Electric,

  • Possession
    • Closing,
  • Property Type
    • Commercial Sale
  • Property SubType
    • Commercial Industrial
  • Tax Year
    • 2021
  • Structure Type
    • Land,
  • Tax Amount
    • $12804
  • Year Built
    • 1925
  • Effective Year Built
    • 1980
  • Status
    • Sold

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Disclaimer: Based on information submitted to the MLS GRID as of Fri Jun 06 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.

Jun 06, 2025 06:21 AM