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3532 Mary Elder Road Ne, Olympia, WA 98506

Olympia
Local realty services provided by:CENTURY 21 Real Estate Center
Listed by: lisa le, marius ion
Office: compass425-242-6440
MLS#:2339340
Source:NWMLS
3532 Mary Elder Road Ne,Olympia, WA 98506
$1,750,000
  • - Beds
  • - Baths
  • 7,163 sq. ft.
  • Multi-family
  • Pending

Price summary

  • Price:$1,750,000
  • Price per sq. ft.:$244.31

About this home

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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Home facts

  • Year built:1950
  • Subdivision & Development:Olympia
  • Listing ID #:2339340
  • Updated:November 03, 2026 at 09:32 AM

Rooms and interior

  • Flooring:Carpet, Laminate, Vinyl Floor
  • Living area:7,163 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Composition
  • Year built:1950
  • Building area:7,163 sq. ft.
  • Lot area:0.48 Acres
  • Lot Features:Paved
  • Construction Materials:Wood Exterior Finish, Wood Products Exterior Finish
  • Exterior Features:Fenced-Partially

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,750,000
  • Price per sq. ft.:$244.31
  • Tax amount:$9,920 (2024)

Parking

  • Total parking spaces:8
  • Parking description:Uncovered Space(s) : 8
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of November 3, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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