1106 Neil Street NE, Olympia, WA 98516
- $1,560,000
- 5,200
- SqFt
Listing courtesy of Skyline Properties, Inc.. Selling Office: eXp Realty.
- Sold Price
- $1,560,000
- List Price
- $1,695,500
- Status
- SOLD
- MLS#
- 2436644
- Closing Date
- Nov 21, 2025
- Days on Market
- 18
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Finished SqFt
- 5,200
- Area Total SqFt
- 5200
- Annual Tax Ammount
- 15957
- Internet Provider
- xfinity
- Lot Size (sq ft)
- 26,547
- Sewer
- Sewer Connected
Property Description
Great Investment. 9-Unit Apartment Complex located in the Tanglewood area of Olympia. very Private and surrounded by trees. An exceptional investment opportunity with this well-maintained one story 9-unit complex which offers a unique chance to acquire a property in a highly sought-after neighborhood. A great blend of spacious units and a prime location, this property promises both steady cash flow and long-term rental history with consistent occupancy. Just minutes from downtown, local shops, parks, and public transportation Well-maintained building with recent upgrades. Freshly painted exterior. Ample parking spaces/ Laundry facility on site. Close proximity to major employers, schools, and Olympia’s thriving business district.
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Additional Information
- List Date
- 2025-11-03 00:00:00
- Community
- Thompson Place
- Net Operating Income
- $113,549
- Gross Adjusted Income
- $140,400
- Gross Scheduled Income
- $140,168
- Total Monthly Income
- $12,060
- Insurance Expenses
- $2,858
- Water/Sewer/Garbage Expenses
- $7,108
- Gross Rent Multiplier
- 12.07
- Total Expenses
- $26,851
- Cap Rate
- 7
- Vacancy Rate
- 5
- Total Number of Units
- 9
- Unit Name
- 1106
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1973
- View
- Territorial
- Roof
- Flat
- Site Features
- Cable TV, High Speed Internet
- Other Expenses
- 928
- 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
- $12,060
- Gross Scheduled Income
- $140,168
- Vacancy Rate
- 5
- Gross Adjusted Income
- $140,400
- Tax Year
- 2025
- Insurance Expense
- $2,858
- W/S/G Expenses
- $7,108
- Total Expenses
- $26,851
- Net Operating Income
- $113,549
- Gross Rent Multiplier
- 12.07
- Cap Rate
- 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.