4022 52nd Avenue SW, Olympia, WA 98512 | 1955386 | Prime Alliance Real Estate Services

4022 52nd Avenue SW $949,000

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    4022 52nd Avenue SW Olympia, WA 98512

    • 0 Beds
    • 0 Baths
    • 3,464 sq. ft.
    • Multi-Family
    • Listing# 1955386
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    Views: 8 Days On Site: 50

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    Property Details

    Great cash flowing investment opportunity with upside potential. Located near Black Lake this property sits on a quiet street, yet is minutes to Tumwater and West Olympia. All 5 unit have been well maintained and professionally managed for many years. Large .75+/- acre property with individual patios and plenty of both front and back yard space. Ample parking and great privacy for all units. Nice open floor plans for both the home and four plex units. Updated windows and roofing on both buildings. Currently a 5.9% cap rate with a pro forma cap rate of 7.7% based on market rents. Come take advantage of this great investment opportunity.

    • General Features
      • County Or Parish Thurston
      • Furnished Unfurnished
      • Leasable Area 3464
      • Leasable Area Units Square Feet
      • MLS Area Major 443 - Tumwater
      • New Construction Y/N No
      • Property Sub Type Multi-Family
      • Style Code 55 - 5-9 Units
      • Subdivision Name Black Lake
      • Tax Annual Amount 6340
      • Tax Year 2022
      • Year Built 1952
    • Building Features
      • Building Area Total 3464
      • Building Area Units Square Feet
      • Heating Y/N Yes
      • Living Area 0
      • Living Area Units Square Feet
    • Property Features
      • Carport Spaces 0
      • Carport Y/N No
      • Covered Spaces 1
      • Irrigation Water Rights Y/N No
      • Lot Size Acres 0.7593
      • Lot Size Square Feet 33075
      • Lot Size Units Square Feet
      • Open Parking Spaces 6
      • Open Parking Y/N Yes
      • Parking Total 7
      • View Y/N Yes
      • Waterfront Y/N No
    • Schools
      • High School District Tumwater

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    Neighborhood

    98512 (Olympia) Demographics

    40 Median Age
    202 Population Density (per sq. mile)
    46% College Educated
    $78,845 Estimated Median Income
    8,439 Estimated Total Home Owners
    3,931 Estimated Total Renters
    68% / 32% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    30,833 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $534,950 Median Sales Price
    49 Homes Sold
    52 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $949,000
        6/21/2022 4:32:00 PM New in Database Source: Multiple Listing Service New Value: $949,000

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        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

        This property search is part of the Prime Alliance Real Estate Services website. Listing information is courtesy of the WA-NWMLS and Prime Alliance Real Estate Services. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol:MLS Logo provided by Northwest Multiple Listing Service, 2022. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.



        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.