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Listing Firm: Greene Realty Group LLC: John Stormans

Bought With: Keller Williams South Sound : Ioannis Piliaris

SOLD On October 14, 2022
NWMLS # 1922178

$500,000

  • Sold Price
  • - Beds
  • - Baths
  • 3912 Sq.ft.

8401 Rainier Road SE, Olympia, WA 98513

Listings with the three tree icon are courtesy of NWMLS

About This Property

Great investment opportunity with potential upside. Two manufactured homes on 2+/- acre lot with a 30x30 shop, multiple car ports, storage container, additional outbuildings, and two RV hookups. One home just signed a lease for $1825, with the other home and shop currently vacant. Both RV hookups are currently unused as well. Homes are in good condition with metal roofs, clean and easy to maintain interiors, and both have their own private yards. A great option for an owner occupant that wants to live in one home and rent the other, as well as an investor looking for increasingly hard to find cash flow. Pro forma cap rate of 6.6%.

Buyer's Agent: Ioannis Piliaris • Keller Williams South Sound

Listed by: John Stormans • Greene Realty Group LLC

Aris360 Last Checked: 2 Minutes Ago (May 22, 2025 11:51 AM)

  • Source: NWMLS as Distributed by MLS Grid #1922178

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

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

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$3,847 per month
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Property Features

  • County
    • East Olympia
  • Community
    • 449 - East Olympia
  • MLS Area
    • 449 - East Olympia
  • Longitude
    • -122.794102
  • Latitude
    • 46.964222
  • Directions
    • Use GPS.

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

  • Stories
    • 1
  • Style
    • 52 - Duplex
  • Parking Spaces
    • 6
  • Lot Description
    • Paved,
  • Foundation
    • Post & Block,
  • Elevation
    • Feet
  • Water Source
    • Individual Well,
  • Exterior
    • Metal/Vinyl
    • Wood Products
  • Site Description
    • Fenced-Partially,Outbuildings,RV Parking,Shop
  • Roof
    • Composition,
    • Metal,
  • Septic or Sewer
    • Septic Tank,
  • Lot Size in Acres
    • 2

  • Building Total Area (Sq. Ft.)
    • 104108
  • Utilities
    • Septic System,
    • Electric,
    • Individual Well,
  • Parking Description
    • RV Parking,

  • High School District
    • North Thurston

  • Possession
    • Closing,
    • Tenant's Rights,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi-Family
  • Tax Year
    • 2022
  • Structure Type
    • Condominium,
  • Tax Amount
    • $4730
  • Year Built
    • 1981
  • Status
    • Sold

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Disclaimer: Based on information submitted to the MLS GRID as of Thu May 22 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 22, 2025 11:51 AM