4116-4118 15th Avenue Northeast

4116-4118 15th Avenue Northeast

Olympia, WA 98516

$565,000
Price
6
Beds
2
Baths
2,316 Sq. Ft.
$244 / Sq. Ft.
2,316
Sq. Ft.
$244
per Sq. Ft.
Listing provided courtesy of Better Properties NW

Description

Great investment opportunity with 2 homes on large one acre lot. Updated 1476 sqft 2 story home built in 1948 with 4 BR, 1 BA - rents for $2077. Single-wide home built in 1990, 2 BR, 1 BA & 840 SF rents for $1499. 5-year-old roof on both houses & garage. Updated shaker cabinets and appliances in the main house. Newer vinyl floor, carpet, and interior and exterior paint. Mixed use zoning allows for many opportunities. Close proximity to schools & convenient location.Great investment opportunity with 2 homes on large one acre lot. Updated 1476 sqft 2 story home built in 1948 with 4 BR, 1 BA - rents for $2077. Single-wide home built in 1990, 2 BR, 1 BA & 840 SF rents for $1499. 5-year-old roof on both houses & garage. Updated shaker cabinets and appliances in the main house. Newer vinyl floor, carpet, and interior and exterior paint. Mixed use zoning allows for many opportunities. Close proximity to schools & convenient location.
  1. Listed by Andre Scott • Better Properties NW

Property Details for 4116-4118 15th Avenue Northeast

Community Name
Olympia
School District
North Thurston
Number of Assigned Spaces
3
Total Covered Parking
1
Entry Date
03-18-2024
Energy Source
Electric
Sewer
Septic Tank

Location

Listing Courtesy of Better Properties NW
Add your commute
LISTING UPDATED: 04/25/2024 09:07 AM

Property Details for 4116-4118 15th Avenue Northeast

StatusActive
MLS #2211437
Days on Market40
Cumulative Days on Market39
Taxes$3,888 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1948
Lot Size0.98 AC / 42,689 SF
CountyThurston County

Location

Listing Courtesy of Better Properties NW
Add your commute

Building Information for 4116-4118 15th Avenue Northeast

Stories2Residences2Year Built1948Building Size-Lot Size0.98 AC / 42,689 SF

Payment Calculator

$3,407 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,083

Property Taxes

$324

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4116-4118 15th Avenue Northeast

Summary
Location and General Information
  • Style: 52 - Duplex
  • Site Features: Cable TV, Deck, Fenced-Fully, Fenced-Partially, Outbuildings
  • Area: 446 - Thurston Ne
  • Elementary School: Pleasant Glade Elem
  • Middle Or Junior School: Chinook Mid
  • High School: North Thurston High
  • Effective Year Built Source: Public Records
  • Directions: North on Sleater Kinney to property on corner of 15th and Sleater Kinney with entrances off each road.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2023
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 2.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Floor Covering: Vinyl, Carpet
  • Features: Wall to Wall Carpet
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard, Forced Air, Insert
  • FIRPTA: No
Exterior Features
  • Exterior: Metal/Vinyl, Wood
  • Roof: Composition
  • Security Features: PartiallyFenced, FullyFenced
Property
Utilities
  • Water/Sewer/Garbage: 0
  • Power Company: PSE
  • Sewer Company: Septic
  • Water Company: City of Lacey
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: County
  • Foundation: Poured Concrete
  • First Right Of Refusal: false
  • MLS Square Footage Source: Public Records
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1948
  • Photos Count: 20
Lot Information
  • Lot Details: Corner Lot
  • Lot Size Dimensions: 42689
  • Lot Size Source: Public Records
  • Parcel Number Free Text: 11808421400
  • Building Condition: Restored
  • Calculated Square Footage: 2316
  • Structure Type: Duplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 2316.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 2
  • Number of Stories in Building: 2
  • Vacancy Rate: 3
  • Number Of Units Total: 2
  • Units Below Grade: false
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 6717
  • Gross Adjusted Income: 42924
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: $0
  • Insurance Expense: $1,629
  • Net Operating Income: $36,207
  • Other Expenses: $1,200
  • Total Monthly Income: 3576
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 4116
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Square Feet Unit 1: 1476
  • Rent Unit 1: $2,077.00
  • Bedrooms Unit 1: 4
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 4118
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Square Feet Unit 2: 840
  • Rent Unit 2: $1,499.00
  • Bedrooms Unit 2: 2
  • Bathrooms Unit 2: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 2316.0
  • Leasable Area Units: Square Feet

Property History for 4116-4118 15th Avenue Northeast

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 4116-4118 15th Avenue Northeast

This home is within North Thurston Public Schools.
Rating
School
Type
Grades
Distance
Pleasant Glade Elementary School
Public - PK to 5
Chinook Middle School
Public - 6 to 8
North Thurston High School
Public - 9 to 12
Envision Career Academy
Public - 9 to 12
Rating
School
Distance
Pleasant Glade Elementary School
PublicPK to 5

Chinook Middle School
Public6 to 8

North Thurston High School
Public9 to 12

Envision Career Academy
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 4116-4118 15th Avenue Northeast, Olympia, WA 98516

4116-4118 15th Avenue Northeast is a multi-family home for sale in Olympia, WA 98516. This property was listed for sale on March 18, 2024 by Better Properties NW, it's currently listed at $565,000. It has been on the market for a total of 40 days and was last sold on December 21, 2020. This listing's school district is North Thurston Public Schools. Nearby schools include Pleasant Glade Elementary School, Chinook Middle School and North Thurston High School. 4116-4118 15th Avenue Northeast is a 6-bed, 2-bath, 2,316 sqft multi-family home built in 1948.

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 Better Properties NW

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.