1103 Creekwood Court SE, Olympia, WA 98501
- $750,000
- 3,616
- SqFt
Listing courtesy of BHGRE - Northwest Home Team. Selling Office: RE/MAX Advantage.
- Sold Price
- $750,000
- List Price
- $850,000
- Status
- SOLD
- MLS#
- 2402468
- Closing Date
- Jun 15, 2026
- Days on Market
- 239
- Style
- 54 - 4-Plex
- Building Condition
- Very Good
- Finished SqFt
- 3,616
- Area Total SqFt
- 3616
- Annual Tax Ammount
- 9836
- Lot Size (sq ft)
- 9,583
- Sewer
- Sewer Connected
Property Description
Fully rented 4-plex in the Olympia School District. Each unit includes its own garage and in-unit washer and dryer, a rare combination that adds convenience and long-term appeal. Three of the four units have been beautifully remodeled top to bottom with updated kitchens, new flooring, and modern finishes. Major exterior updates include new concrete plank siding, newer roof, and windows, ensuring lower maintenance and long-term durability. Located minutes from parks, schools, and shopping, this well-maintained property attracts strong tenant demand. Reliable rental history, desirable unit features, and potential for increased rents make this a smart addition to any portfolio. A solid opportunity for new and seasoned investors.
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Additional Information
- List Date
- 2025-10-19 00:00:00
- Community
- Olympia
- Net Operating Income
- $41,868
- Gross Adjusted Income
- $65,184
- Gross Scheduled Income
- $67,200
- Total Monthly Income
- $67,200
- Insurance Expenses
- $8,940
- Water/Sewer/Garbage Expenses
- $3,900
- Gross Rent Multiplier
- 13
- Total Expenses
- $23,316
- Cap Rate
- 4.7
- Vacancy Rate
- 2
- Total Number of Units
- 4
- Unit Name
- 1103
- Potential Terms
- Cash, Conventional, FHA, See Remarks, VA Loan
- Year Built
- 1992
- View
- Territorial
- Roof
- Composition
- Other Expenses
- 640
- Energy Source
- Electric
- School District
- Olympia
- Elementary School
- Madison Elem
- Middle School
- Reeves Mid
- High School
- Olympia High
- Total Monthly Income
- $67,200
- Gross Scheduled Income
- $67,200
- Vacancy Rate
- 2
- Gross Adjusted Income
- $65,184
- Tax Year
- 2025
- Insurance Expense
- $8,940
- W/S/G Expenses
- $3,900
- Total Expenses
- $23,316
- Net Operating Income
- $41,868
- Gross Rent Multiplier
- 13
- Cap Rate
- 4.7
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.