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Listing Firm: Mondau Real Estate: Phil Mondau

Bought With: Skyline Properties, Inc. : Aaron Nelson

SOLD On October 10, 2023
NWMLS # 2125549

$873,000

  • Sold Price
  • - Beds
  • - Baths
  • 4532 Sq.ft.

2116 Soroya Court SW, Olympia, WA 98502

Listings with the three tree icon are courtesy of NWMLS

About This Property

Welcome to the perfect investment opportunity! This exceptional property features four spacious 2-bedroom, 1-bath units. Highly desired West Olympia location. Well maintained condition, fresh exterior paint, rents are currently below market value, it offers an excellent return on investment. Each unit has their own garage as well as 1 reserved space along with ample guest parking. Situated in a vibrant community, it fosters long-term tenancies and remarkable profitability. Current cap rate at 4.2% with realistic cap rate at 7.18% at market rent. Contact us now to maximize returns on this exceptional investment!

Buyer's Agent: Aaron Nelson • Skyline Properties, Inc.

Listed by: Phil Mondau • Mondau Real Estate

Aris360 Last Checked: 1 Minute Ago (Jul 18, 2025 09:00 AM)

  • Source: NWMLS as Distributed by MLS Grid #2125549

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: Soroya
  • 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
    • -122.92758
  • Latitude
    • 47.041287
  • Project
    • Normandy Park
  • Directions
    • Exit Highway 101 to North on Black Lake Blvd. Right on 9th Ave SW. Left on Soroya Drive SW left on Soroya Court SW. First half cul-des-ac on right.

  • Interior
    • Ceramic Tile
    • Wall to Wall Carpet
  • Floors
    • Ceramic Tile
    • Vinyl
    • Carpet
  • Power Production Type
    • Electric
    • Wood
  • Furnished
    • Unfurnished

  • Stories
    • 2
  • Style
    • 54 - 4-Plex
  • Parking Spaces
    • 8
  • Lot Description
    • Cul-De-Sac,
    • Curbs,
    • Dead End Street,
    • Paved,
  • Foundation
    • Poured Concrete,
  • Elevation
    • Feet
  • Water Source
    • Public,
  • Exterior
    • Wood
    • Wood Products
  • Site Description
    • Cable TV,Deck,High Speed Internet
  • Roof
    • Composition,
  • Septic or Sewer
    • Sewer Connected,
  • Covered Spaces
    • 4
  • Condition
    • Average,
  • Water
    • City of Olympia
  • Building Total Area (Sq. Ft.)
    • 9522
  • Has View
    • Yes
  • View Description
    • Territorial,

  • High School District
    • Olympia
  • High School
    • Capital High

  • Possession
    • Closing,
    • See Remarks,
    • Tenant's Rights,
  • Association Fee
    • 139
  • Property Type
    • Residential Income
  • Association Fee Frequency
    • Monthly
  • Property SubType
    • Multi-Family
  • Tax Year
    • 2023
  • Structure Type
    • Condominium,
  • Tax Amount
    • $6324
  • Year Built
    • 1977
  • Effective Year Built
    • 1982
  • Status
    • Sold
  • Project
    • Normandy Park

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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 09:00 AM