2515 Mitchell Avenue Northeast

2515 Mitchell Avenue Northeast

Olympia, WA 98506

$900,000
Last Sold Price
8
Beds
4
Baths
3,312 Sq. Ft.
$272 / Sq. Ft.
3,312
Sq. Ft.
$272
per Sq. Ft.

Sold 2/20/23

Sold 2/20/23

a view of a house with a garden
a front view of a house with a garden and tree
a living room with furniture and a flat screen tv
a living room with furniture and a flat screen tv
a kitchen with stainless steel appliances granite countertop a sink stove and refrigerator
a bathroom with a granite countertop sink a toilet and a shower
a view of a workspace with furniture and a window
a view of a small space
a view of a house with backyard and trees
a view of a backyard with a large tree and wooden fence
a backyard of a house with lots of green space
an aerial view of a house with a yard swimming pool and outdoor seating
a front view of a house with a yard and garage
a view of street from balcony
a view of a backyard with a large tree and wooden fence
a front view of a house with a garden
a view of a house with backyard and a tree
a backyard of a house with lots of green space
a front view of a house with a yard
a view of a house with a yard
an aerial view of a house with garden space and street view
Listing provided courtesy of Networks Real Estate LLC, Greene Realty Group LLC

Description

Put this 4 plex to work in your portfolio. WELL maintained units with long term renters and a 6.4% CAP RATE. These spacious units with attached 1 car garages are never empty for long since the location is awesome. Each unit 2 bed 1 bath. All 4 units with exact same layouts. Updated in 2014 but you'd swear it was just a couple years since it was done. FULLY FENCED HUGE backyards as well keeps people here for years and years. Tenants pay for water & garbage and sewer is septic so NO monthly bills for...Put this 4 plex to work in your portfolio. WELL maintained units with long term renters and a 6.4% CAP RATE. These spacious units with attached 1 car garages are never empty for long since the location is awesome. Each unit 2 bed 1 bath. All 4 units with exact same layouts. Updated in 2014 but you'd swear it was just a couple years since it was done. FULLY FENCED HUGE backyards as well keeps people here for years and years. Tenants pay for water & garbage and sewer is septic so NO monthly bills for the owner. Nice METAL roof that will last for eternity with very little maintenance on one unit and a composite roof on the other that is approx. 10 years old. Olympia school district. Close to all amenities too! Super quiet dead end street.
  1. Listed by Peter Henry • Networks Real Estate LLC

Property Details for 2515 Mitchell Avenue Northeast

Community Name
Bigelow
School District
Olympia
View
Territorial
Number of Assigned Spaces
8
Total Covered Parking
4
Offers Review Date
12-12-2022
Entry Date
12-01-2022
Energy Source
Electric

Location

Listing Courtesy of Networks Real Estate LLC

Sold By Greene Realty Group LLC

Add your commute
LISTING UPDATED: 02/21/2023 02:47 PM

Property Details for 2515 Mitchell Avenue Northeast

StatusSold
MLS #2019794
Days on Market41
Cumulative Days on Market435
Taxes$5,598 / 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 Networks Real Estate LLC

Sold By Greene Realty Group LLC

Add your commute

Building Information for 2515 Mitchell Avenue Northeast

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

Payment Calculator

$5,378 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,912

Property Taxes

$467

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: Fenced-Fully, Patio
  • Area: 447 - Olympia North
  • Elementary School: Roosevelt Elementary
  • Middle Or Junior School: Reeves Mid
  • High School: Olympia High
  • Effective Year Built Source: Public Records
  • 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: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2022
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 4.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Vinyl, Carpet
  • Features: Wall to Wall Carpet
  • Cooling: Yes
  • Fireplace: No
  • Heating: Yes
  • FIRPTA: No
Exterior Features
  • Exterior: Wood, Wood Products
  • Roof: Composition, Metal
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: County
  • Foundation: Slab
  • Zoning Class: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1991
  • Photos Count: 23
Lot Information
  • Lot Details: Curbs, Paved, Sidewalk
  • Lot Size Source: realist
  • 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: 4
  • 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: 8036
  • Gross Adjusted Income: 61564
  • Gross Rent Multiplier: 13.65
  • Gross Scheduled Income: $69,600
  • Insurance Expense: $2,438
  • Net Operating Income: $61,564
  • Other Expenses: $0
  • Total Monthly Income: 5800
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 2505
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 830
  • Rent Unit 1: $1,450.00
  • Bedrooms Unit 1: 2
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 2507
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 830
  • Rent Unit 2: $1,450.00
  • Bedrooms Unit 2: 2
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 2513
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: true
  • Square Feet Unit 3: 830
  • Rent Unit 3: $1,450.00
  • Bedrooms Unit 3: 2
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 2515
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: true
  • Square Feet Unit 4: 830
  • Rent Unit 4: $1,450.00
  • Bedrooms Unit 4: 2
  • Bathrooms Unit 4: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 3312.0
  • Leasable Area Units: Square Feet

Property History for 2515 Mitchell Avenue 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 2515 Mitchell Avenue Northeast

Taxable ValueLand$77,200Additions$533,500Total$610,700
Tax Record2023$6,091 ($508 / 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 - PK 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
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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Networks Real Estate LLC

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.