906-908 Adams Street Southeast
Olympia, WA 98501
$1,300,000
Price
—
Beds
4,776 Sq. Ft.
$272 / Sq. Ft.
4,776
Sq. Ft.
$272
per Sq. Ft.
Listing provided courtesy of Olympic Sotheby's Int'l Realty, Greene Commercial
Description
Unique Investor or Developer Opportunity in Downtown Olympia! Don't miss this one! Listing includes a duplex and 7-plex on one parcel and a leased parking lot. Under market rents, all tenants on month to month tenancy. Units offer a mix of studios and one-bedrooms. Parking spots lease for $30/mo with over 20 stalls! Close to downtown, waterfront, and shopping. Zoned UR (Urban Residential), allows for high-rise redevelopment or mixed-use opportunities!Unique Investor or Developer Opportunity in Downtown Olympia! Don't miss this one! Listing includes a duplex and 7-plex on one parcel and a leased parking lot. Under market rents, all tenants on month to month tenancy. Units offer a mix of studios and one-bedrooms. Parking spots lease for $30/mo with over 20 stalls! Close to downtown, waterfront, and shopping. Zoned UR (Urban Residential), allows for high-rise redevelopment or mixed-use opportunities!
- Listed by Jeff Weeks • Olympic Sotheby's Int'l Realty
- Listed by Quint Newell • Greene Commercial
Property Details for 906-908 Adams Street Southeast
Community Name
Olympia
School DistrictOlympia
ViewTerritorial
Number of Assigned Spaces24
Total Covered Parking0
Entry Date08-12-2024
Energy SourceElectric,Natural Gas
SewerSewer Connected
LISTING UPDATED: 11/13/2024 12:24 PM
Property Details for 906-908 Adams Street Southeast
| Status | Active |
|---|---|
| MLS # | 2276827 |
| Days on Market | 101 |
| Cumulative Days on Market | 101 |
| Taxes | $11,514 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1901 |
| Lot Size | 0.33 AC / 14,400 SF |
| County | Thurston County |
Building Information for 906-908 Adams Street Southeast
Stories3Residences1Year Built1901Building Size-Lot Size0.33 AC / 14,400 SF
Property Information for 906-908 Adams Street Southeast
Summary
Location and General Information
- Style: 55 - 5-9 Units
- Site Features: Cable TV, Gas Available, High Speed Internet
- Area: 447 - Olympia North
- Elementary School: Buyer To Verify
- Middle Or Junior School: Buyer To Verify
- High School: Olympia High
- Effective Year Built Source: Public Records
- Directions: From Plum head west on Union Ave, right on Adams to property on the right
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
- Additional Tax Ids: 78504900200
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 24.0
- 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: Hardwood, Vinyl, Carpet
- Features: Hardwood, Wall to Wall Carpet
- Amenities: Basement
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Forced Air
- FIRPTA: No
Exterior Features
- Exterior: Wood, Wood Products
- Roof: Composition
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 8435
- Power Company: PSE
- Sewer Company: City of Olympia
- Water Company: City of Olympia
- Power Production Type: Electric, Natural Gas
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Block, Slab
- Zoning Class: Multi-Family,Residential
- First Right Of Refusal: false
- Possible Use: Multi-Family, Residential
- MLS Square Footage Source: Public Records
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1964
- Photos Count: 20
Lot Information
- Lot Details: Alley, Curbs, Paved, Sidewalk
- Lot Size Source: Public Records
- Parcel Number Free Text: 68700000300
- Building Condition: Fair
- Calculated Square Footage: 4776
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 4776.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 24
- Number of Stories in Building: 3
- Vacancy Rate: 0
- Number Of Units Total: 1
- Units Below Grade: true
- Units In Building Total: 9
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 25724
- Gross Adjusted Income: 62040
- Gross Rent Multiplier: 0
- Gross Scheduled Income: $62,040
- Insurance Expense: $3,455
- Net Operating Income: $36,316
- Other Expenses: $0
- Total Monthly Income: 5890
- Fuel Expense: $2,320
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 4776.0
- Leasable Area Units: Square Feet
Property History for 906-908 Adams Street Southeast
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 906-908 Adams Street Southeast
This home is within Olympia School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Lincoln Elementary School PublicK to 5 | ||
Washington 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 Olympic Sotheby's Int'l Realty; Greene Commercial
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.
