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Latest Olympia North Properties

$5,300,000
2272921 MLS ⋅ 18,088 SqFt. ⋅ ACTIVE Status
Introducing STATESIDE FLATS located at 210 Bethel St NE, Olympia, WA 98506. 27 units with 32 parking stalls, offering a lucrative investment listed at $5.3 million. Conveniently situated just blocks from downtown Olympia and the state capitol, residents enjoy easy access to transit and major roadways for seamless commuting. With a current cap rate of 6.31%, there is ample potential for a new owner to capitalize on rental upside. The property underwent significant renovations over the past three years, totaling approximately $600,000, including interior updates such as new flooring and cabinets, alongside exterior enhancements like new siding, roof replacement, and landscaping upgrades. *Disclosure Broker is part of the ownership group

210 Bethel Street NE, Olympia

Listing courtesy of Highmark Partners.

$4,350,000
2262536 MLS ⋅ ACTIVE Status
SELLER FINANCING AVAILABLE for this meticuously maintained asset in the highly sought after Olympia multi-family submarket. Available for first time in 20+ years, this offering consists of 2 contiguous properties - Olympia Court Apartments and The Anderson House. There are 34 Total Units, including (19) Studios, (12) 1 bed/1 bath units, (1) 2 bed/1 bath unit and (2) retail storefronts with frontage on popular Capitol Way South. Properties have been locally owned, operated and meticulously maintained for 20+ years. Just steps to the Capital Campus, tenants enjoy outstanding walkability to restaurants, shops, entertainment and necessities. High historic occupancy with significant upside potential via rent increases and utility charges.

915 Capitol Way S, Olympia

Listing courtesy of Urban Commercial Partners, LLC.

$2,150,000
3 Beds ⋅ 4 Baths ⋅ 2154014 MLS ⋅ 4,867 SqFt. ⋅ ACTIVE Status
Welcome to the Willow House! Grand design w/striking elegance. Dressed w/classical details; French Oak floors, hand textured walls, exquisite chandeliers, Monogram appls, Quartz counters, unmatched-custom cabinetry & built-ins throughout, off the charts primary suite w/ en-suite. Glorious saltwater views, 5 fireplaces and a sports court. Second wing offers private entrance, kitchen w/Kitchen Aid appls, dining room, laundry, full bath and bedrooms. Perfect for extended, private living quarters or live in employee(s). Immerse yourself in the sunsets of the gorgeous Westerly views of the Sound. This enchanting home awaits you just minutes from downtown Olympia & all amenities.

303 39th Avenue NE, Olympia

Listing courtesy of Virgil Adams Real Estate, Inc..

$1,950,000
2278100 MLS ⋅ ACTIVE Status
This building is 8,447 sf building is perfect for an owner user. If will be vacant at closing. Currently in 4 separate units and easy to combine. This sale will be subject to a lot split with 3910 Martin Way. This building will have 37 parking spaces (with room for about 5 more).

3912 Martin Way E, Olympia

Listing courtesy of Coldwell Banker Evergreen.

$1,699,000
2193229 MLS ⋅ ACTIVE Status
Great downtown Olympia showroom with 4900 sq ft of showroom vacant + 1200 sq ft. of storage. Longtime tenant Ballet NW has 7,200 sq. ft leased thru June of 2027. Across from popular Well 80 restaurant.

509 4th Avenue E, Olympia

Listing courtesy of Coldwell Banker Evergreen.

$1,550,000
2172980 MLS ⋅ ACTIVE Status
THE COTTAGE APARTMENTS - Shovel Ready Plans for a 58 unit, 3-Story, 2-Building project in an area of apartment style living!!! Close to the I-5 freeway, schools, shops and the city of Lacey. Deficient entry housing remains a concern in this area! Two legal lots on 1.14 AC. Flat and partially fenced site, with good geo/soils and all services available.There is an existing partially remodeled home on the smaller lot which is producing rental income. Property zoned commercial HDC-4 in the City of Olympia.

422 Franz Anderson Road SE, Olympia

Listing courtesy of RE/MAX Parkside Affiliates.

$1,350,000
2200839 MLS ⋅ ACTIVE Status
Terrific opportunity in Olympia. Location is a 10/10! Great visibility on Martin Way E. Site is currently home to Interstate Batteries and CA Nail. Long term tenants. Retail, office and industrial warehouse building. Provides great flexibility and tenant mix. Don't miss this opportunity.

3456 Martin Way E, Olympia

Listing courtesy of Greene Commercial.

$1,300,000
2276827 MLS ⋅ 4,776 SqFt. ⋅ ACTIVE Status
Unique Investor or Developer Opportunity in Downtown Olympia! Don't miss this one! Listing includes a duplex and 7-plex on one parcel and a leased parking lot. Under market rents, all tenants on month to month tenancy. Units offer a mix of studios and one-bedrooms. Parking spots lease for $30/mo with over 20 stalls! Close to downtown, waterfront, and shopping. Zoned UR (Urban Residential), allows for high-rise redevelopment or mixed-use opportunities!

906 908 Adams Street SE, Olympia

Listing courtesy of Olympic Sotheby's Int'l Realty.

$1,300,000
2233034 MLS ⋅ ACTIVE Status
An exceptional opportunity presents itself with this multi-family development prospect in Olympia, WA. Situated off of Martin Way, a bustling thoroughfare, between three recently established and fully occupied multifamily developments, this parcel is primed for similar success. Preliminary conceptual plans indicate the potential for up to 60 units. Its advantageous proximity to St. Peter's Hospital underscores its strategic location. Centrally positioned between Olympia and Lacey, tenants will enjoy convenient access to a variety of amenities including retail, dining, and Interstate-5, facilitating a seamless commute to Joint Base Lewis McChord (JBLM) for military personnel, as well as civilian, and state employees.

423 Franz Anderson Road SE, Olympia

Listing courtesy of Keller Williams South Sound.

$1,300,000
2 Beds ⋅ 1 Baths ⋅ 2233030 MLS ⋅ 1,848 SqFt. ⋅ ACTIVE Status
Exceptional opportunity with this multi-family development prospect in Olympia, WA. Situated off of Martin Way, a bustling thoroughfare, between three recently established and fully occupied multifamily developments, this parcel is primed for similar success. Preliminary conceptual plans indicate the potential for up to 60 units. Its advantageous proximity to St. Peter's Hospital underscores its strategic location. Centrally positioned between Olympia and Lacey, tenants will enjoy convenient access to a variety of amenities including retail, dining, and Interstate-5, facilitating a seamless commute to Joint Base Lewis McChord (JBLM) for military personnel, as well as civilian, and state employees. This is zoned HDC-4 in the City of Olympia.

423 Franz Anderson Road SE, Olympia

Listing courtesy of Keller Williams South Sound.

$1,300,000
2206914 MLS ⋅ ACTIVE Status
Great location on the corner of 8th and Franklin, across from the Timberline Library. The main floor has 6914 sf with a very large conference room, several private offices, kitchen area, work area and a lot of open space for cubicles. Ceilings are tall with plenty of light. There us an underground parking garage for 10 cars + two storage areas. Plenty of street parking

234 8th Avenue SE, Olympia

Listing courtesy of Coldwell Banker Evergreen.

$1,299,999
2229507 MLS ⋅ ACTIVE Status
Great investment opportunity in Downtown Olympia! This fully leased building has 3 tenants producing stable income for any future buyer. The building features 3 separately metered storefronts on 4th Ave and Washington St. Ductwork inside has recently been redone in this sprinklered space, and two new tenants are completing aesthetic improvements on the interior.

120 4th Avenue E, Olympia

Listing courtesy of Greene Commercial.

$1,169,000
2200127 MLS ⋅ ACTIVE Status
Two warehouses very close in at Martin Way and Lilly. The 5,000 square foot warehouse has a 3 year lease and the 3,000 square foot warehouse has month to month tenant. Buildings have had some remodeling and are in good condition. showings Mon-Wed. 9-4.

505 Lilly Road SE, Olympia

Listing courtesy of Coldwell Banker Evergreen.

$1,100,000
3 Beds ⋅ 2 Baths ⋅ 2252373 MLS ⋅ 2,454 SqFt. ⋅ ACTIVE Status
South Bay property on 10 serene acres. Single story, open floor plan on park like setting a nature lovers dream. Spacious primary bedroom w/ sitting area, walk-in-closet & en-suite. Great room is illuminated with ample lighting and woodstove. Kitchen with SS appliances, dual sinks & generous walk-in pantry. ADU accessible guest bath. Updated trim & floors throughout home. Fully paved driveway from gated entry leads to a 3 car garage. Additional upgrades: electrical panel, RV hookup, backup generator, water heater, vapor barrier & chicken coop. Opportunity for shop, barn, pole barn, or ADU. Minutes from I-5 shopping, schools, hospital. South Bay Elementary. Close to Chehalis Trail & Woodard Bay.

5549 Meadowood Lane NE, Olympia

Listing courtesy of Van Dorm Realty, Inc.

$1,050,000
2212484 MLS ⋅ ACTIVE Status
Excellent redevelopment site in Olympias downtown Opportunity Zone. Prominently located near the State Capital this 10,800 SF site is a perfect opportunity for a mixed-use development. Previous plans for a 42 unit 6 story building with Retail on the ground floor and 42 residential units above, available upon request. This Site features territorial views of the Olympic Mountains and Mount Rainier. The site currently has 6 multifamily units to provide income while going through the design and permitting process. Low vacancy rates and excellent proximity to the State Capital combined with the excellent tax advantages of being in an opportunity zone make this an excellent investment opportunity.

1005 Adams Street SE, Olympia

Listing courtesy of Real Broker LLC.

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The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright. Data last updated at .