3532 Mary Elder Road Ne, Olympia, 98506
MLS® #: 2339340
Pending, 313 Days on Market
Listing Office: COMPASS
Last Update: 2026-01-24
0
Garages
313
Dom
7,163
Square feet
0.48
Acres
1950
Built
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.
Price & Status History
| Date | Details | Change |
|---|---|---|
| Date: | Details: Status Changed from Pending Feasibility to Pending | – |
| Date: | Details: Status Changed from Active to Pending Feasibility | – |
| Date: | Details: Status Changed from Pending Inspection to Active | – |
| Date: | Details: Status Changed from Active to Pending Inspection | – |
Features of 3532 Mary Elder Road Ne
| MLS® # | 2339340 |
|---|---|
| Price | $1,750,000 |
| Bathrooms | 0.00 |
| Square Footage | 7,163 |
| Acres | 0.48 |
| Year Built | 1950 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Pending |
Community Information
| Address | 3532 Mary Elder Road Ne |
|---|---|
| Area | 447 - Olympia North |
| Subdivision | Olympia |
| City | Olympia |
| County | Thurston |
| State | WA |
| Zip Code | 98506 |
Amenities
| Parking Spaces | 8 |
|---|---|
| Is Waterfront | No |
Interior
| Heating | Baseboard |
|---|---|
| Cooling | None |
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Exterior Features | Wood, Wood Products |
|---|---|
| Lot Description | Paved |
| Foundation | Poured Concrete |
School Information
| District | North Thurston |
|---|
Additional Information
| Days on Market | 313 |
|---|---|
| Cumulative Days on Market | 313 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Property Taxes | $9,920 |
Listing Details
| Office | COMPASS |
|---|
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