Listing Courtesy of: RE/MAX Parkside Affiliates
Listing Agent: Thomas Schrader
360-480-9387; toms@remax.net
DESIRABLE 4-PLEX just off Lilly Road in amazing location! 100% occupied with $8,000/mo income! With Washer/Dryer, storage sheds for each unit, One 2 BR unit, fenced rear yard area, parking in front. Remodeled recently. Close to shopping, bus stop and Hwy I-5!
Listing Courtesy of: RE/MAX Parkside Affiliates
Listing Agent: Thomas Schrader
360-480-9387; toms@remax.net
| MLS #: | 2591909 |
|---|---|
| List Price: | $899,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Multi Family |
| Status: | Active |
| Living Area: | 2,320 |
| Association Fee: | $0 |
| Tax Annual Amount: | $6,431 |
| Lot Size Square Feet: | 5,227 |
| Lot Size Acres: | 0.12 |
| City: | Olympia |
| County Or Parish: | Thurston |
| Subdivision Name: | Olympia |
| Postal Code: | 98501 |
| Year Built: | 1968 |
| Number Of Units Total: | 4 |
| Basement: | false |
| Bedrooms Possible: | 5 |
| Building Area Total: | 2,320 |
| Building Area Units: | Square Feet |
| Covered Spaces: | 0 |
| Directions: | MARTIN WAY to LILLY ROAD (South), to STOLL ROAD (West/Right), Property on LEFT |
| Electric Expense: | $500 |
| Elementary School: | Mountain View Elementary |
| Elevation Units: | Feet |
| Exterior Features: | Wood, Wood Products |
| Fireplaces Total: | 0 |
| Flooring: | Laminate, Carpet |
| Foundation Details: | Poured Concrete |
| Gross Scheduled Income: | $82,116 |
| Heating?: | Yes |
| High School: | North Thurston High |
| High School District: | North Thurston |
| Insurance Expense: | $1,773 |
| Leasable Area: | 2,320 |
| Listing Terms: | Cash, Conventional, VA Loan |
| Lot Features: | Paved |
| Lot Size Dimensions: | Varies |
| Lot Size Units: | Square Feet |
| Main Level Bathrooms: | 0 |
| Middle Or Junior School: | Chinook Mid |
| MLS Area Major: | 447 - Olympia North |
| Net Operating Income: | $70,412 |
| Amenities: | Coin Op Laundry |
| Calculated Square Footage: | 2,320 |
| Effective Year Built Source: | Public Records |
| Energy Source: | Electric |
| First Right Of Refusal: | false |
| Gross Adjusted Income: | 82116 |
| Gross Rent Multiplier: | 10.95 |
| Leased Items: | None |
| MLSLot Size Source: | GeoData |
| MLSSquare Footage Source: | GeoData |
| Offers: | Seller intends to review offers upon receipt |
| Parking Uncovered Total: | 4 |
| Power Company: | PSE |
| Preliminary Title Ordered: | Yes |
| Seller Disclosure: | Provided |
| Sewer Company: | City of Olympia |
| Site Features: | Cable TV, Fenced-Partially, Patio |
| Style Code: | 54 - 4-Plex |
| Total Expenses: | 11704 |
| Total Monthly Income: | 7943 |
| Units Below Grade: | false |
| Units In Building Total: | 4 |
| Vacancy Rate: | 0 |
| Water Company: | City of Olympia |
| Water Sewer Garbage: | 3000 |
| Zoning Jurisdiction: | City |
| Original List Price: | $899,000 |
| Parcel Number: | 41700800101 |
| Parking Total: | 4 |
| Possession: | Closing |
| Possible Use: | Commercial, Multi-Family |
| Power Production Type: | Electric |
| Property Condition: | Good |
| Roof: | Composition |
| Security Features: | Partially Fenced |
| Sewer: | Sewer Connected |
| Special Listing Conditions: | None |
| State Or Province: | WA |
| Stories Total: | 1 |
| Structure Type: | Quadruplex |
| Tax Year: | 2026 |
| View: | Territorial |
| View?: | Yes |
| Water Source: | Public |
| Year Built Effective: | 1968 |
| Zoning Description: | Commercial, Multi-Family |
| Cable Connected: | Buyer |
| Internet Connected: | Buyer |
| Short Term Rental Yn: | false |
| Cooling: | None |
| Heating: | Baseboard |
| Virtually Staged: | Not Staged |
| Status: | Active |
| Construction Materials: | Wood |
| Additional Monthly Income: | $1,200 |
| Common Interest Community Yn: | false |
| Garbage Service Provider: | City of Olympia |
| Garbage Service Provider: | City of Olympia |
| Gas Company: | PSE |
| Gas Company: | PSE |
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The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. The information contained in this listing has not been verified by AH Walla Walla LLC and should be verified by the buyer.
Northwest Multiple Listing Service data last updated on October 08, 2026 02:58 PM - PT
Based on information submitted to the MLS GRID as of October 08, 2026 02:58 PM - PT. 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. Properties displayed may be listed or sold by various participants in the MLS. Some listings have been excluded from this website.
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Property Last Updated: October 08, 2026 02:58 PM - PT
