Bought with BHGRE - Northwest Home Team
$1,300,000
$1,399,999
7.1%For more information regarding the value of a property, please contact us for a free consultation.
4015 16th LN NE Olympia, WA 98506
12 Beds
6 Baths
5,742 SqFt
Key Details
Sold Price $1,300,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,742 sqft
Price per Sqft $226
Subdivision Olympia
MLS Listing ID 2316618
Style 55 - 5-9 Units
Bedrooms 12
Year Built 1986
Annual Tax Amount $13,403
Lot Size 2.000 Acres
Property Description
Investors, take note! This rare opportunity in the heart of Lacey, WA, boasts three duplexes on a sprawling 2-acre lot—a prime location with endless potential. Each unit offers a spacious 2-bedroom, 1-bath, 957 sqft rambler-style layout with an attached 1-car garage, ensuring tenant comfort and convenience. With long-term tenants already in place and significant upside rent potential, this property is a solid investment. Zoned R 4-8, the lot offers exciting development possibilities for future growth. The large yard, private patios, and ample driveway parking add to the property's appeal. Don't miss your chance to own this versatile investment in a high-demand area! Estate Sale. F17 Exempt. Buyer To Verify All Information.
Location
State WA
County Thurston
Area 447 - Olympia North
Interior
Flooring Ceramic Tile, Vinyl, Carpet
Exterior
Exterior Feature Wood
Amenities Available Patio
View Y/N Yes
View Territorial
Roof Type Composition
Building
Lot Description Cul-De-Sac, Curbs, Dead End Street, Secluded, Sidewalk
Sewer Septic Tank
Water Public
New Construction No
Schools
Elementary Schools Pleasant Glade Elem
Middle Schools Chinook Mid
High Schools North Thurston High
School District North Thurston
Others
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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"Three Trees" icon indicates a listing provided courtesy of NWMLS.