1126 Neil Street NE, Olympia, WA 98516
- $765,000
- 3,169
- SqFt
Listing courtesy of HomeSmart Real Estate Assoc. Selling Office: Lookup Realty.
- Sold Price
- $765,000
- List Price
- $765,000
- Status
- SOLD
- MLS#
- 2416244
- Closing Date
- Mar 24, 2026
- Days on Market
- 123
- Style
- 54 - 4-Plex
- Building Condition
- Average
- Finished SqFt
- 3,169
- Area Total SqFt
- 3169
- Annual Tax Ammount
- 8746
- Lot Size (sq ft)
- 14,532
- Sewer
- Septic Tank
Property Description
New roof, decking and upgrade to ridge line vent system. Units 2-4 updated in 2020. Unit 1 updated in 2025. Fully rented with paying tenants. One level building with all units facing a courtyard. No one above or beneath each unit and the utility room separates the walls of each unit. Shared laundry with room in each unit to upgrade and put a W/D in the hallway closet. Two off street parking spaces per unit. Close to shopping, dining and freeways.
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Additional Information
- List Date
- 2025-11-21 00:00:00
- Community
- Tanglewilde
- Net Operating Income
- $47,369
- Gross Adjusted Income
- $73,980
- Gross Scheduled Income
- $73,980
- Total Monthly Income
- $6,165
- Insurance Expenses
- $6,080
- Water/Sewer/Garbage Expenses
- $4,447
- Gross Rent Multiplier
- 11
- Total Expenses
- $19,831
- Cap Rate
- 6.1
- Total Number of Units
- 4
- Unit Name
- 1126
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1968
- Roof
- Composition
- Electric Expenses
- 557
- Energy Source
- Electric
- School District
- North Thurston
- Total Monthly Income
- $6,165
- Gross Scheduled Income
- $73,980
- Gross Adjusted Income
- $73,980
- Tax Year
- 2025
- Insurance Expense
- $6,080
- W/S/G Expenses
- $4,447
- Total Expenses
- $19,831
- Net Operating Income
- $47,369
- Gross Rent Multiplier
- 11
- Cap Rate
- 6.1
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.