3532 Mary Elder Road NE

Olympia, WA 98506

  • Bed

  • Bath

  • 7163 SqFt

  • 60 DOM

  • Built: 1950

  • Status: Active

$1,750,000

X

3532 Mary Elder Road NE

Olympia 98506

$1750000

  • Bed

  • Bath

  • 7163 SqFt

  • 60 DOM

  • Built: 1950

  • Status: Active

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Srinivas Kasam

CEO & Founder

(650)533-3259

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.

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Residence Information

  • 7163

  • Composition

  • 53 - Tri-plex

  • 1950

  • Poured Concrete

  • Coin Op Laundry

Features and Utilities

  • Laminate

  • Wood, Wood Products

  • Public

  • Sewer Connected

  • 10936

Financial

  • 9920

  • Cash Out, Conventional, Rehab Loan

  • 03-06-2025

Comparable Information

  • 60

  • 60

  • Cash Out, Conventional, Rehab Loan

  • $1,750,000

  • $1,750,000

  • May 05, 2025 23:38

Schools

Map

Listing courtesy of COMPASS.

The content relating to real estate for sale on this site comes in part from the IDX program of the NWMLS of Seattle, Washington. Real Estate listings held by brokerage firms other than this firm are marked with the NWMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2025 NWMLS of Seattle, Washington. All information provided is deemed reliable but is not guaranteed and should be independently verified. Kasamestates data last checked: Jul 15, 2025 17:14 | Listing last modified May 05, 2025 23:38. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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