1220 Fern Street SW, Olympia, WA 98502
- $2,900,000
- 16,280
- SqFt
Listing courtesy of John L. Scott, Inc. Selling Office: Greene Commercial.
- Sold Price
- $2,900,000
- List Price
- $2,900,000
- Status
- SOLD
- MLS#
- 2360261
- Closing Date
- Jun 23, 2025
- Days on Market
- 5
- Style
- 56 - 10+ Units
- Finished SqFt
- 16,280
- Area Total SqFt
- 16280
- Annual Tax Ammount
- 30684
- Lot Size (sq ft)
- 39,639
- Sewer
- Sewer Connected
Property Description
Welcome to Twin Peaks Apartments; 16 units in convenient Olympia location. Nice mix of 2 and 3 bedroom units spread over two buildings, parking with carports, decks and partially fenced. Well maintained interiors, washer/dryer in the units and within minutes of the freeway (101), area retail, Capital Mall, Evergreen State College and Capitol Lake. Work done recently includes repair to a retention pond drain and roof repair. All units are currently occupied.
/u.realgeeks.media/homes77/logo-full.png){kind=logo}
Additional Information
- List Date
- 2025-06-18 00:00:00
- Community
- Olympia
- Net Operating Income
- $172,366
- Gross Adjusted Income
- $268,641
- Gross Scheduled Income
- $282,779
- Total Monthly Income
- $25,007
- Insurance Expenses
- $11,000
- Water/Sewer/Garbage Expenses
- $21,878
- Gross Rent Multiplier
- 10.3
- Total Expenses
- $110,413
- Cap Rate
- 5.94
- Vacancy Rate
- 5
- Total Number of Units
- 16
- Unit Name
- 1220
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1996
- Roof
- Composition
- Site Features
- Deck, Fenced-Partially
- Electric Expenses
- 1973
- Other Expenses
- 44878
- Energy Source
- Electric
- School District
- Olympia
- Total Monthly Income
- $25,007
- Gross Scheduled Income
- $282,779
- Vacancy Rate
- 5
- Gross Adjusted Income
- $268,641
- Tax Year
- 2025
- Insurance Expense
- $11,000
- W/S/G Expenses
- $21,878
- Total Expenses
- $110,413
- Net Operating Income
- $172,366
- Gross Rent Multiplier
- 10.3
- Cap Rate
- 5.94
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.