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$8,900,000
117 Days Online

509 Old Pacific Highway SE
Olympia, WA 98513

For Sale|Multi-Family|Active
Subdivision:
Lacey
County:
Thurston
Days online/new listing status Based on first download from the MLS.
Courtesy of NWMLS
Listing courtesy of Andre Scott of Better Properties NW

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(206) 595-5524
509 Old Pacific Highway SE509 Old Pacific Highway SE509 Old Pacific Highway SE509 Old Pacific Highway SE
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PRICE DROP!! Fully rehabbed and stabilized 40-unit apartment complex located just off I-5, a major arterial close to military and large employers (government, hospital, education). The buildings are set back along the Nisqually river in a secluded quiet location. The property consists of 3 buildings on one parcel and an extra 2-acre parcel included. Perfect mix of units; 12- 3 bed 2 baths 15-2 bedrooms, and 13-1 bedrooms. Plenty of parking throughout the property for tenants and guests. This asset is completely turnkey with a full appraisal from OLYFED completed at 9.7 million. Updates include new roofs in 2020 and 2021, all new vinyl windows and patio doors in 2022, Kitchens, bathrooms, flooring, paint, fans, faucets, appliances etc...

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Listing Snapshot
Price 
$8,900,000
Days Online 
117 Days
Bedrooms 
N/A
Inside Area (SqFt) 
34,558 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
5.5969 Acres
Year Built 
1965
MLS Number 
2032180
Status 
Active
Property Tax 
$71,242
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Days online/new listing status Based on first download from the MLS.
Friends & Family
Recent Activity
7 days agoListing updated with changes from the MLS
7 days agoPrice changed to $8,900,000
3 weeks agoPrice changed to $8,950,000
a month agoPrice changed to $9,000,000
2 months agoPrice changed to $9,150,000
See 1 more
General Features
Parking Spaces 
84
Sewer 
Septic Tank
Number of Stories 
2
Acreage 
5.5969
Water 
Public
Property Sub Type 
Multi Family
Lot Features 
Paved
Parking Total 
84
Interior Features
Cooling 
None
Heating 
Wall Unit(s)
Furnished? 
Unfurnished
Fireplace 
No
Furnished 
Unfurnished
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Exterior Features
Roof 
Composition
View 
River
Waterfront Property 
Yes
Waterfront Features 
Bank- Medium
Exterior 
WoodWood Products
Lot 
Paved
Waterfront 
true
Community Features
Senior Community 
No
MLS Area 
451 - Hawks Prairie
Schools
School District
North Thurston
Elementary School
Evergreen Forest Ele
Middle School
Nisqually Mid
High School
River Ridge High
Courtesy of NWMLS
Listing courtesy of Andre Scott of Better Properties NW



Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2023, Northwest MLS.
Data last updated at: 2023-06-08 12:50 AM PDT

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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