4015 16th Ln NE
Olympia WA 98506
4015 16th Lane NE
4015 16th Ln NE Olympia WA 98506
Listing #: 690670 | Status: Available | Last Modified: 1/6/2025 |
For Sale
Rachel Corp
- Phone:(253) 686-7474
- Email:rachel.corp@kwcommercial.com
- Office Name:Keller Williams Commercial
- Office Phone:(253) 840-5574
- Office Website:
Showing Instructions
- Call Listing AgentNo
- Use DiscretionNo
Price Information
- Listing Price$ 1,399,999.0
- $/SF$ 182.0
- $/Unit$ 1,399,999.0
- Listing StatusAvailable
- Days on Market21
- Asset ClassMulti-Family
- Terms
Investment Information
- Investment Type
- Investment PropYes
- Gross Income76,980
- Vacancy Factor %0.00%
- Operating Expenses20,903
- Net Operating Income56,077
- CAP Rate 4.01 %
Detail Listing Information
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
Utilities
- Water
- Electricity
- Storm Sewer
Retail Information
- SignageSignage on Building and Freestanding
- Anchor
Financial Summary
- CAP Rate 4.01 %
Associated Files
Building Information
- Building StatusExisting
- # of Buildings3
- # of Floors1
- # of Units2
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF7692
- Net Rentable Area0
- Total Office SF
- Largest Contiguous SF
- Lot SF87120
- Acres2.0
Property Type
- Property TypeMulti-Family
- Office Type
- Building Class
Location
- CountyThurston
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaOlympia
- Tax ID #11808310400
- Additional Parcels
- ZoningR-4-8
Parking Information
- # Covered Spaces0
- # Uncovered Spaces2
- Total Parking Spots2
- Parking Ratio
Construction
- Year Built1996
- Year Renovated1999
- Completion Date
- Roof Type
- Construction TypeFramed
Olympia 6-plex
Public Comments
3 duplexes on one 2 acre lot in prime Olympia location. Each unit is 2 bed/1 bath with an attached 1 car garage. Long term tenants, significant rent upside potential. Zoned R4-8 allows for future growth. Large yards, private paitios and ample driveway parking. Do not disturb tenants.
Listing Images
