9326 Skokomish Way NE, Olympia, WA 98516
- $825,000
- 4,736
- SqFt
Listing courtesy of Redfin. Selling Office: ZNonMember-Office-MLS.
- Sold Price
- $825,000
- List Price
- $915,000
- Status
- SOLD
- MLS#
- 2401503
- Closing Date
- Oct 02, 2025
- Days on Market
- 45
- Style
- 54 - 4-Plex
- Finished SqFt
- 4,736
- Area Total SqFt
- 4736
- Annual Tax Ammount
- 9217
- Lot Size (sq ft)
- 17,051
- Sewer
- Sewer Connected
Property Description
Amazing investment opportunity with this consistently-rented fourplex. Each townhouse-style unit has 2 bedrooms and 1.5 baths. Convenient location just minutes from amenities and the freeway for an easy commute. One covered parking spot for each unit, plus 4 guest spots. Siding repair is in process. One unit has been completely remodeled and another recently refreshed with new carpets and paint. All units are currently leased at below-market rents, for instant earning potential with room to grow. One unit is leased through July '26, all other are month to month.
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Additional Information
- List Date
- 2025-08-18 00:00:00
- Community
- Olympia
- Net Operating Income
- $46,042
- Gross Adjusted Income
- $65,183
- Gross Scheduled Income
- $74,400
- Total Monthly Income
- $6,200
- Insurance Expenses
- $2,744
- Water/Sewer/Garbage Expenses
- $7,000
- Gross Rent Multiplier
- 13.1
- Total Expenses
- $19,141
- Cap Rate
- 4.72
- Vacancy Rate
- 5
- Total Number of Units
- 4
- Unit Name
- 9326
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1980
- Roof
- Composition
- Electric Expenses
- 180
- Energy Source
- Electric
- School District
- North Thurston
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $6,200
- Gross Scheduled Income
- $74,400
- Vacancy Rate
- 5
- Gross Adjusted Income
- $65,183
- Tax Year
- 2025
- Insurance Expense
- $2,744
- W/S/G Expenses
- $7,000
- Total Expenses
- $19,141
- Net Operating Income
- $46,042
- Gross Rent Multiplier
- 13.1
- Cap Rate
- 4.72
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.