Olympia, WA 98506,3532 Mary Elder RD NE
See all 16 photos
Olympia, WA 98506,3532 Mary Elder RD NE
Olympia, WA 98506,3532 Mary Elder RD NE
Olympia, WA 98506,3532 Mary Elder RD NE
Olympia, WA 98506,3532 Mary Elder RD NE
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
Sat
24
Jan
Sun
25
Jan
Mon
26
Jan
Stacy Sauer

Stacy Sauer

+1(253) 457-1137
Listed by COMPASS Lisa Le 
$ 1,750,000
Est. payment /mo
Save
Pending

3532 Mary Elder RD NE Olympia, WA 98506

20 Beds

10 Baths

7,163 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Square Footage 7,163 sqft

Price per Sqft $244

Subdivision Olympia

MLS Listing ID 2339340

Style 53 - Tri-plex

Bedrooms 20

Year Built 1950

Annual Tax Amount $9,920

Lot Size 0.480 Acres

Property Sub-Type Multi Family

Property Description

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.

Location

State WA

County Thurston

Area 447 - Olympia North

Interior

Flooring Laminate, Vinyl, Carpet

Fireplace false

Exterior

Exterior Feature Wood, Wood Products

Amenities Available Fenced-Partially

View Y/N No

Roof Type Composition

Building

Lot Description Paved

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District North Thurston

Others

Senior Community No

Acceptable Financing Cash Out, Conventional, Rehab Loan

Listing Terms Cash Out, Conventional, Rehab Loan

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
SCHOOLSPROPERTIES
Elementary Schools 20
  • 8

    Madison Elementary School

    Public | PK - 5

  • 8

    South Bay Elementary School

    Public | PK - 6

  • 7

    Centennial Elementary School

    Public | KG - 5

  • 7

    McKenny Elementary School

    Public | KG - 5

  • 7

    Roosevelt Elementary School

    Public | KG - 5

  • 6

    Lakes Elementary School

    Public | PK - 6

  • 6

    Pioneer Elementary School

    Public | KG - 5

  • 6

    Lacey Elementary School

    Public | KG - 6

  • 6

    Pleasant Glade Elementary School

    Public | PK - 6

  • 5

    Mountain View Elementary School

    Public | PK - 6

  • 0

    Paramount Christian Academy

    Private | PK - 3

  • 0

    Temple Baptist Academy

    Private | KG - 12

  • 0

    Olympia Community School

    Private | PK - 5

  • 0

    The Childrens Inn

    Private | PK - KG

  • 0

    Kiddieland Children's Center

    Private | PK - KG

  • 0

    St Michael School

    Private | PK - 8

  • 0

    Capital Montessori School

    Private | PK - 6

  • 0

    Kindercare Learning Center #1004

    Private | PK - KG

  • 0

    Community Christian Academy/Northwest Christian High School

    Private | KG - 8

  • 0

    Gospel Outreach Christian School

    Private | 1 - 10

Middle Schools 6
  • 8

    Washington Middle School

    Public | 6 - 8

  • 5

    Komachin Middle School

    Public | 7 - 8

  • 5

    Chinook Middle School

    Public | 6 - 8

  • 0

    Nova School

    Private | 6 - 8

  • 0

    Christian Life School

    Private | 8 - 11

  • 0

    Touchstone

    Public | 6 - 12

High Schools 6
  • 10

    Olympia High School

    Public | 9 - 12

  • 8

    Timberline High School

    Public | 9 - 12

  • 8

    North Thurston High School

    Public | 9 - 12

  • 0

    Pope John Paul II High School

    Private | 9 - 12

  • 0

    Avanti High School

    Public | 9 - 12

  • 0

    South Sound High School

    Public | 9 - 12

School and business data provided by Attom Data.

GET MORE INFORMATION

Stacy Sauer
Stacy Sauer

Agent | License ID: 20112332

+1(253) 457-1137

reagentstacy.com

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Stacy Lynn Sauer, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

3532 Mary Elder RD NE