1106 5th Ave SE

Olympia, WA 98501

$650,000
Last Sold Price
Beds
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Awesome investment opportunity in Olympia's Eastside neighborhood. 4 multi-family units with covered carport
parking. Close to shopping, restaurants, bus lines, and much more. Drive-by viewing is ok. Do not disturb Tenants.
Awesome investment opportunity in Olympia's Eastside neighborhood. 4 multi-family units with covered carport
parking. Close to shopping, restaurants, bus lines, and much more. Drive-by viewing is ok. Do not disturb Tenants.
  1. Listed by Garett Hall • Prime Locations Inc.

Property Details for 1106 5th Avenue Southeast

Community Name
Eastside Olympia
School District
Olympia
Number of Assigned Spaces
8
Total Covered Parking
0
Entry Date
09-15-2020
Sewer
Sewer Connected
LISTING UPDATED: 09/05/2024 05:41 AM

Property Details for 1106 5th Avenue Southeast

StatusSold
MLS #1664008
Days on Market7
Cumulative Days on Market7
Taxes$5,400 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1972
Lot Size0.24 AC / 10,500 SF
CountyThurston County

Location

Listing Courtesy of Prime Locations Inc.

Sold By Greene Realty Group LLC

Add your commute

Building Information for 1106 5th Avenue Southeast

Stories2Residences4Year Built1972Building Size-Lot Size0.24 AC / 10,500 SF

Payment Calculator

$3,856 per month

30 year fixed, 6.845% Interest

Principal and Interest

$3,406

Property Taxes

$450

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1106 5th Avenue Southeast

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Area: 447 - Olympia North
  • Directions: From Interstate-5 exit 105. Head north on Plum St. Turn right onto Union Ave. Turn left on to Eastside St SE. Turn right onto 5th Ave.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2020
Parking
  • Number of Carport Spaces: 4.0
  • Carport: No
  • Open Parking Spaces: 4.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Fireplace: No
  • Heating: Yes
Exterior Features
  • Exterior: Brick, Wood
  • Roof: Composition
Property
Utilities
  • Water/Sewer/Garbage: 4400
  • Power Production Type: Electric
  • Utilities: Sewer Connected, Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Class: Multi-Family
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Special Listing Conditions: None
  • Photos Count: 2
Lot Information
  • Lot Size Source: Realist
  • Parcel Number Free Text: 63900101500
  • Calculated Square Footage: 0
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 0.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 4
  • Number of Stories in Building: 2
  • Vacancy Rate: 0
  • Number Of Units Total: 4
  • Units Below Grade: false
  • Units In Building Total: 4
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 12550
  • Gross Adjusted Income: 50700
  • Gross Rent Multiplier: 13
  • Gross Scheduled Income: $48,300
  • Insurance Expense: $1,250
  • Net Operating Income: $38,150
  • Other Expenses: $1,500
  • Total Monthly Income: 4225
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 3936.0
  • Leasable Area Units: Square Feet

Property History for 1106 5th Avenue Southeast

DateEvent & SourcePriceAppreciation
Nov 6, 2020

Sold

NWMLS #1664008

$650,000
Oct 27, 2020

Sold (Public Record)

Public Record #682446611

$10,670
Sep 22, 2020

Pending

NWMLS #1664008

Sep 15, 2020

Listed (Active)

NWMLS #1664008

$650,000
DateEvent & SourcePrice
11/06/2020

Sold

NWMLS #1664008

$650,000
10/27/2020

Sold (Public Record)

Public Record #682446611

$10,670
09/22/2020

Pending

NWMLS #1664008

09/15/2020

Listed (Active)

NWMLS #1664008

$650,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1106 5th Avenue Southeast

Taxable ValueLand$189,100Additions$209,300Total$398,400
Tax Record2020$5,271 ($439 / month)
Home Facts
Beds16Total Finished SqFt3,936 SqFtAbove Ground SqFt3,936 SqFtStories2Lot Size10,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1972Year Renovated1979CountyTHURSTONAPN63900101500

Schools near 1106 5th Avenue Southeast

This home is within Olympia School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Madison Elementary School
PublicPK to 5

Reeves Middle School
Public6 to 8

Olympia High School
Public9 to 12

Avanti High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Prime Locations Inc.

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 06/28/2025 06:57 AM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.