2515 Mitchell Ave NE

Olympia, WA 98506

$1,000,000
Price
8
Beds
4
Baths
3,312 Sq. Ft.
$302 / Sq. Ft.
3,312
Sq. Ft.
$302
per Sq. Ft.
a view of a backyard with wooden fence
an aerial view of a house
a aerial view of a house with garden
Listing provided courtesy of Olympic Sotheby's Int'l Realty

Description

Attention Investors! Well maintained 4-plex, 2 duplexes, in a great location with a 7.4 cap rate! All 4 units have the same layout and are 2 bedroom, 1 bathroom, 830+/- sqft with one car garages and large fenced back yards. Tenants pay water & garbage and the sewer is on septic so no monthly bills for the owner. Close to all amenities and located on a dead end street.Attention Investors! Well maintained 4-plex, 2 duplexes, in a great location with a 7.4 cap rate! All 4 units have the same layout and are 2 bedroom, 1 bathroom, 830+/- sqft with one car garages and large fenced back yards. Tenants pay water & garbage and the sewer is on septic so no monthly bills for the owner. Close to all amenities and located on a dead end street.
  1. Listed by Tommy Lowe • Olympic Sotheby's Int'l Realty
  2. Listed by Jesse Heberlein • Olympic Sotheby's Int'l Realty

Property Details for 2515 Mitchell Avenue Northeast

Community Name
Bigelow
School District
Olympia
Number of Assigned Spaces
4
Total Covered Parking
4
Entry Date
10-24-2025
Energy Source
Electric
Sewer
Septic Tank
LISTING UPDATED: 11/04/2025 11:13 AM

Property Details for 2515 Mitchell Avenue Northeast

StatusActive
MLS #2447858
Days on Market52
Cumulative Days on Market48
Taxes$7,996 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1971
Lot Size0.46 AC / 20,250 SF
CountyThurston County

Location

Listing Courtesy of Olympic Sotheby's Int'l Realty
Add your commute

Building Information for 2515 Mitchell Avenue Northeast

Stories1Residences4Year Built1971Building Size-Lot Size0.46 AC / 20,250 SF

Payment Calculator

$5,608 per month

30 year fixed, 6.28% Interest

Principal and Interest

$4,941

Property Taxes

$666

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2515 Mitchell Avenue Northeast

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Site Features: Cable TV, Fenced-Fully, High Speed Internet, Patio
  • Area: 447 - Olympia North
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify
  • Directions: North on South Bay to Left on Phoenix to Left on Mitchell Ave to address on Left.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 0.0
  • Open Parking: No
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: 4
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Vinyl Plank, Carpet
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard
  • FIRPTA: No
Exterior Features
  • Exterior: Brick, Wood, Wood Products
  • Roof: Composition, Metal
  • Security Features: Fully Fenced
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 0
  • Power Company: PSE
  • Sewer Company: Septic
  • Water Company: City of Olympia
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Slab
  • Zoning Remarks: 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
  • Photos Count: 3
Lot Information
  • Lot Details: Curbs, Dead End Street, Paved, Sidewalk
  • Lot Size Source: Public Records
  • Parcel Number Free Text: 68900500100
  • Building Condition: Good
  • Calculated Square Footage: 3312
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 3312.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 0
  • Number of Stories in Building: 1
  • 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: 12196
  • Gross Adjusted Income: 0
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: $7,200
  • Insurance Expense: $4,200
  • Net Operating Income: $0
  • Other Expenses: $0
  • Total Monthly Income: 7200
  • Fuel Expense: $0
Unit 1
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Square Feet Unit 1: 830
  • Rent Unit 1: $1,800.00
  • Bedrooms Unit 1: 2
  • Bathrooms Unit 1: 1
Unit 2
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Square Feet Unit 2: 830
  • Rent Unit 2: $1,800.00
  • Bedrooms Unit 2: 2
  • Bathrooms Unit 2: 1
Unit 3
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Square Feet Unit 3: 830
  • Rent Unit 3: $1,800.00
  • Bedrooms Unit 3: 2
  • Bathrooms Unit 3: 1
Unit 4
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Square Feet Unit 4: 830
  • Rent Unit 4: $1,800.00
  • Bedrooms Unit 4: 2
  • Bathrooms Unit 4: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 3312.0

Property History for 2515 Mitchell Avenue Northeast

DateEvent & SourcePriceAppreciation
Oct 24, 2025

Listed (Active)

NWMLS #2447858

$1,000,000—
Feb 20, 2023

Sold

NWMLS #2019794

$900,000—
Feb 12, 2023

Sold (Public Record)

Public Record #1505702273

$900,000—
Jan 11, 2023

Pending

NWMLS #2019794

—
Dec 1, 2022

Listed (Active)

NWMLS #2019794

$950,000—
DateEvent & SourcePrice
10/24/2025

Listed (Active)

NWMLS #2447858

$1,000,000
02/20/2023

Sold

NWMLS #2019794

$900,000
02/12/2023

Sold (Public Record)

Public Record #1505702273

$900,000
01/11/2023

Pending

NWMLS #2019794

—
12/01/2022

Listed (Active)

NWMLS #2019794

$950,000

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

Public Records for 2515 Mitchell Avenue Northeast

Taxable ValueLand$271,600Additions$491,700Total$763,300
Tax Record2025$7,996 ($666 / month)
Home Facts
Baths4Total Finished SqFt1,656 SqFtAbove Ground SqFt1,656 SqFtStories1Lot Size20,038 SqFtStyleMulti-Family Dwelling (2-4)Year Built1971Year Renovated1991CountyTHURSTONAPN6890-05-00100Fireplace TypeHas Fireplace

Schools near 2515 Mitchell Avenue 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 2515 Mitchell Avenue Northeast, Olympia, WA 98506

2515 Mitchell Avenue Northeast is a multi-family home for sale in Olympia, WA 98506. This property was listed for sale on October 24, 2025 by Olympic Sotheby's Int'l Realty, it's currently listed at $1,000,000. It has been on the market for a total of 52 days and was last sold on February 20, 2023. This listing's school district is Olympia School District. Nearby schools include Roosevelt Elementary School, Reeves Middle School and Olympia High School. 2515 Mitchell Avenue Northeast is a 8-bed, 4-bath, 3,312 sqft multi-family home built in 1971.

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

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/15/2025 11:33 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.