210 Bethel Street Northeast

Olympia, WA 98506

$5,300,000
Price
—
Beds
18,088 Sq. Ft.
$293 / Sq. Ft.
18,088
Sq. Ft.
$293
per Sq. Ft.
Listing provided courtesy of Highmark Partners

Description

Introducing STATESIDE FLATS located at 210 Bethel St NE, Olympia, WA 98506. 27 units with 32 parking stalls, offering a lucrative investment listed at $5.3 million. Conveniently situated just blocks from downtown Olympia and the state capitol, residents enjoy easy access to transit and major roadways for seamless commuting. With a current cap rate of 6.31%, there is ample potential for a new owner to capitalize on rental upside. The property underwent significant renovations over the past three years,...Introducing STATESIDE FLATS located at 210 Bethel St NE, Olympia, WA 98506. 27 units with 32 parking stalls, offering a lucrative investment listed at $5.3 million. Conveniently situated just blocks from downtown Olympia and the state capitol, residents enjoy easy access to transit and major roadways for seamless commuting. With a current cap rate of 6.31%, there is ample potential for a new owner to capitalize on rental upside. The property underwent significant renovations over the past three years, totaling approximately $600,000, including interior updates such as new flooring and cabinets, alongside exterior enhancements like new siding, roof replacement, and landscaping upgrades. Disclosure Broker is part of the ownership group
  1. Listed by Justin Kraft • Highmark Partners

Property Details for 210 Bethel Street Northeast

Community Name
Capital Campus
School District
Olympia
Number of Assigned Spaces
32
Total Covered Parking
0
Entry Date
08-01-2024
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 11/13/2024 10:51 AM

Property Details for 210 Bethel Street Northeast

StatusActive
MLS #2272921
Days on Market112
Cumulative Days on Market110
Taxes$34,143 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1970
Lot Size0.60 AC / 26,261 SF
CountyThurston County

Building Information for 210 Bethel Street Northeast

Stories3Residences-Year Built1970Building Size-Lot Size0.60 AC / 26,261 SF

Property Information for 210 Bethel Street Northeast

Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Area: 447 - Olympia North
  • Effective Year Built Source: Public Records
  • Directions: Follow I-5 S to Pacific Ave SE in Olympia. Take exit 107 from I-5 S Continue on Pacific Ave SE to your destination
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2024
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 32.0
  • Open Parking: Yes
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
  • Bedrooms Possible: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Vinyl Plank
  • Amenities: Coin Op Laundry
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard
Exterior Features
  • Exterior: Wood Products
  • Roof: Flat
Property
Utilities
  • Water/Sewer/Garbage: 20000
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Block
  • Zoning Class: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • MLS Square Footage Source: Public Records
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 2022
  • Photos Count: 40
Lot Information
  • Lot Details: Corner Lot
  • Lot Size Source: Public Records
  • Parcel Number Free Text: 99000657000
  • Building Condition: Remodeled
  • Calculated Square Footage: 18088
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 18088.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 32
  • Number of Stories in Building: 3
  • Vacancy Rate: 5
  • Number Of Units Total: 0
  • Units Below Grade: false
  • Units In Building Total: 27
Financing / Income and Expenses
  • Electric Expense: $8,983
  • Total Expenses: 136158
  • Gross Adjusted Income: 470805
  • Gross Rent Multiplier: 10.7
  • Gross Scheduled Income: $493,824
  • Insurance Expense: $8,800
  • Net Operating Income: $334,647
  • Other Expenses: $64,232
  • Total Monthly Income: 39233
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 18088.0
  • Leasable Area Units: Square Feet

Property History for 210 Bethel Street Northeast

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 210 Bethel Street Northeast

Taxable ValueLand$422,400Additions$3,472,300Total$3,894,700
Tax Record2023$38,792 ($3,233 / month)
Home Facts
Total Finished SqFt18,509 SqFtAbove Ground SqFt18,509 SqFtStories3Lot Size26,136 SqFtStyleMulti-Family Res (5+ Units)Year Built1970Year Renovated1988CountyTHURSTONAPN6650-00-02501

Schools near 210 Bethel Street Northeast

This home is within Olympia School District.
Rating
School
Type
Grades
Distance
Roosevelt Elementary School
Public - K to 5
Reeves Middle School
Public - 6 to 8
Olympia High School
Public - 9 to 12
Avanti High School
Public - 9 to 12
Rating
School
Distance
Roosevelt Elementary School
PublicK 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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More information about 210 Bethel Street Northeast, Olympia, WA 98506

210 Bethel Street Northeast is a multi-family home for sale in Olympia, WA 98506. This property was listed for sale on August 1, 2024 by Highmark Partners, it's currently listed at $5,300,000. It has been on the market for a total of 112 days and was last sold on June 29, 2021. This listing's school district is Olympia School District. Nearby schools include Roosevelt Elementary School, Reeves Middle School and Olympia High School. 210 Bethel Street Northeast is a 0-bed, 0-bath, 18,088 sqft multi-family home built in 1970.

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 Highmark Partners

Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.