Listing Office: Compass Northwest Multiple Listing Service Logo

3532 Mary Elder Road Ne, Olympia, WA

$1,750,000

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7,163

Square feet

0.48

Acres

About 3532 Mary Elder Road Ne

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.

Features of 3532 Mary Elder Road Ne

MLS® # 2339340
Price $1,750,000
Price Per SqFt $244
Bathrooms 0.00
Square Footage 7,163
Acres 0.48
Year Built 1950
Type Income
Sub-Type Multi-Family
Status Active

Community Information

Address 3532 Mary Elder Road Ne
Area 447 - Olympia North
Subdivision Olympia
City Olympia
County Thurston
State WA
Zip Code 98506

Amenities

Parking Spaces 8
Is Waterfront No

Interior

Fireplace No
# of Stories 2

Exterior

Exterior Features Wood, Wood Products
Lot Description Paved
Foundation Poured Concrete

School Information

District North Thurston

Additional Information

Days on Market 229
Cumulative Days on Market 229
Days on Website 231
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCompass

Listing Map

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