Provided by NWMLS, Bought with Better Properties NW and Listed by RE/MAX Parkside Affiliates

Sold

509 Old Pacific Highway SE

Olympia WA, 98513

$5,850,000


$177.54 per sqft

Sold

32,950 sqft

Multi-family

Built in 1965

40 Apartments in 3 Buildings in Lacey close to I-5 (Exit 114) and JBLM. Located next to the Nisqually River, and close to City of Lacey/COSTCO/Schools/etc... Great upside potential. BUILDING A (1965) - 12 Units. 8/2BR, 4/1BR. New roof 2021. (Office currently not part of rent roll.). BUILDING B (1973) - 12 Units. 4/3BR, 3/2BR, 5/1BR. New roof 2020. Units 101-106, 201 newly renovated. BUILDING C (1972) - 16 Units. 8/3BR, 4/2BR, 4/1BR. New roof 2021. Unit 10 & 14 being remodeled. No recent flooding (*** 2020 water rise damage due to local power dam release error!). Plenty of parking. And extra 2 acre parcel included (#21808410000). OFFER REVIEW DATE: 2/12/2022 (Sat.) at 3:00pm sharp. No offers will be accepted before this date.

1885047

MLS ID

January 29, 2022

Listed

May 9, 2024

Updated

Map

509 Old Pacific Highway SE
Olympia WA, 98513

Interior Features

Total Stories

2


Interior Features

Laminate Hardwood, Wall to Wall Carpet


Floor Description

Laminate, Vinyl, Carpet


Fireplace

No


Cooling

No


Heating

Yes

Exterior/Building Features

Lot Size

5.6 Acres


Exterior Features

Wood, Wood Products


Lot Features

Paved


Roof

Composition


Sewer

Septic Tank

School Information

School District

North Thurston


High School

River Ridge High


Elementary School

Evergreen Forest Ele

Other Property Details

Area Name

451 - Hawks Prairie


Taxes

$33,050


Tax Frequency

Annually


Garage

No


Parking

RV Parking


Parking Total

75


View

Yes


View Description

River, Territorial


County

Thurston


Water Source

Public


Pool

No


Waterfront

Yes

The IDX display contains information sourced from the Northwest Multiple Listing Service as of 5/19/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 5/19/2024 at 3:00 AM UTC 

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