3532 Mary Elder Road NE, Olympia, WA 98506 (MLS # 2339340)
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Listing provided courtesy of Northwest MLS; COMPASS
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Exceptional opportunity to own a fully leased 11-unit transitional housing property in the heart of Olympia, generating a strong $148,073 in annual NOI. Spread across three buildings, this triplex-configured asset delivers consistent performance with long-term tenancy and stable returns. Features include shared laundry and ample off-street parking"”enhancing tenant retention in this central location. Residents benefit from close proximity to shopping, dining, and transit. This is an ideal acquisition for impact-focused buyers or investors seeking immediate cash flow and long-term potential. Don't miss this rare opportunity to own a high-performing asset in one of Olympia's most accessible neighborhoods.
| LAST UPDATED | 3/6/2025 | TRACT | Olympia |
|---|---|---|---|
| YEAR BUILT | 1950 | COMMUNITY | Olympia |
| COUNTY | Thurston | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | 447 - Olympia North |
| CONSTRUCTION | Wood Siding |
| HEAT | Baseboard, Electric |
| INTERIOR | Laminate |
| LOT | 0.48 acre(s) |
| LOT DESCRIPTION | Paved |
| MLS STATUS | Active |
| STORIES | 2 |
| STYLE | 53 - Tri-plex |
| SUBDIVISION | Olympia |
| TAXES | 9920 |
| UTILITIES | Sewer Connected |
| WATER | Public |
| ZONING | Multi-Family |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 5/9/25 8:02 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.
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