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Listing Firm: RE/MAX Parkside Affiliates: Thomas Schrader

Bought With: Better Properties NW : Andre Scott

SOLD On March 14, 2022
NWMLS # 1885047

$5,850,000

  • Sold Price

509 Old Pacific Highway SE, Olympia, WA 98513

Listings with the three tree icon are courtesy of NWMLS

About This Property

40 Apartments in 3 Buildings in Lacey close to I-5 (Exit 114) and JBLM. Located next to the Nisqually River, and close to City of Lacey/COSTCO/Schools/etc... Great upside potential. BUILDING A (1965) - 12 Units. 8/2BR, 4/1BR. New roof 2021. (Office currently not part of rent roll.). BUILDING B (1973) - 12 Units. 4/3BR, 3/2BR, 5/1BR. New roof 2020. Units 101-106, 201 newly renovated. BUILDING C (1972) - 16 Units. 8/3BR, 4/2BR, 4/1BR. New roof 2021. Unit 10 & 14 being remodeled. No recent flooding (*** 2020 water rise damage due to local power dam release error!). Plenty of parking. And extra 2 acre parcel included (#21808410000). OFFER REVIEW DATE: 2/12/2022 (Sat.) at 3:00pm sharp. No offers will be accepted before this date.

Buyer's Agent: Andre Scott • Better Properties NW

Listed by: Thomas Schrader • RE/MAX Parkside Affiliates

Aris360 Last Checked: 3 Minutes Ago (May 23, 2025 03:42 AM)

  • Source: NWMLS as Distributed by MLS Grid #1885047

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: Old Pacific
  • Zip/Postal Code: 98513
  • City: Olympia

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Property Features

  • County
    • Lacey
  • Community
    • 451 - Hawks Prairie
  • MLS Area
    • 451 - Hawks Prairie
  • Longitude
    • -122.698431
  • Latitude
    • 47.06152
  • Directions
    • I-5 to EXIT 114, to NISQUALLY CUT-OFF RD SE (Right), to KUHLMAN RD SE (Left), to OLD PACIFIC HWY SE (Left), .4 miles to entrance on LEFT. (Just after Golson Lane).

  • Interior
    • Laminate Hardwood
    • Wall to Wall Carpet
  • Floors
    • Laminate
    • Vinyl
    • Carpet
  • Power Production Type
    • Electric
  • Furnished
    • Unfurnished

  • Stories
    • 2
  • Style
    • 56 - 10+ Units
  • Parking Spaces
    • 75
  • Lot Description
    • Paved,
  • Foundation
    • Poured Concrete,
  • Elevation
    • Feet
  • Water Source
    • Public,
  • Exterior
    • Wood
    • Wood Products
  • Site Description
    • Deck,Fenced-Partially,RV Parking
  • Roof
    • Composition,
  • Septic or Sewer
    • Septic Tank,
  • Lot Size in Acres

    • 6

  • Condition
    • Average,
  • Water
    • Lacey Water
  • Building Total Area (Sq. Ft.)
    • 243801
  • Has View
    • Yes
  • Utilities
    • Septic System,
    • Electric,
  • Parking Description
    • RV Parking,
  • View Description
    • River,
    • Territorial,

  • High School District
    • North Thurston
  • Jr. High School
    • Nisqually Mid
  • Elementary School
    • Evergreen Forest Ele
  • High School
    • River Ridge High

  • Possession
    • Closing,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi-Family
  • Tax Year
    • 2021
  • Structure Type
    • Multi Family,
  • Tax Amount
    • $33050
  • Year Built
    • 1965
  • Effective Year Built
    • 1965
  • Status
    • Sold

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Disclaimer: Based on information submitted to the MLS GRID as of Fri May 23 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.

May 23, 2025 03:42 AM