1015 Legion Way SE, Olympia, WA 98501
- $810,000
- 3,072
- SqFt
Listing courtesy of Multifamily Properties. Selling Office: eXp Realty.
- Sold Price
- $810,000
- List Price
- $825,000
- Status
- SOLD
- MLS#
- 2467536
- Closing Date
- Feb 20, 2026
- Days on Market
- 5
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,072
- Area Total SqFt
- 3072
- Annual Tax Ammount
- 6784
- Lot Size (sq ft)
- 6,300
- Sewer
- Sewer Connected
Property Description
Please do not disturb residents or walk the property. Excellent first multifamily investment property or this would make a fantastic addition to your growing portfolio. This fourplex experiences very little vacancy & turnover. Great floorplans with ample kitchen storage and closet space. Unit A updated in 2025, Unit B updated in 2024. Units C & D (top floor units) are in decent but dated condition with under market rents. Ground units have front and rear access. Upstairs units include their own small deck space. Rear parking off the alley is available for each unit. Fantastic location with a 94 Walk "Walker's Paradise" Score + a 93 Bike "Biker's Paradise" Score. Approximately 5 minute commute to State Capitol campus. Common area laundry located on the premises. Professional management in place but this multifamily asset could be a very reasonable property to self-manage. Please do not disturb residents or walk the property.
/u.realgeeks.media/homes77/logo-full.png){kind=logo}
Additional Information
- List Date
- 2026-02-15 00:00:00
- Community
- Olympia
- Net Operating Income
- $53,095
- Gross Adjusted Income
- $68,808
- Gross Scheduled Income
- $70,212
- Total Monthly Income
- $5,691
- Insurance Expenses
- $2,149
- Water/Sewer/Garbage Expenses
- $5,700
- Gross Rent Multiplier
- 11.75
- Total Expenses
- $15,713
- Cap Rate
- 6.44
- Vacancy Rate
- 2
- Total Number of Units
- 4
- Unit Name
- 1015
- Potential Terms
- Cash, Conventional, Owner Will Carry, See Remarks
- Year Built
- 1983
- Roof
- Composition
- Site Features
- Cable TV
- Electric Expenses
- 1080
- Energy Source
- Electric
- School District
- Olympia
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $5,691
- Gross Scheduled Income
- $70,212
- Vacancy Rate
- 2
- Gross Adjusted Income
- $68,808
- Tax Year
- 2025
- Insurance Expense
- $2,149
- W/S/G Expenses
- $5,700
- Total Expenses
- $15,713
- Net Operating Income
- $53,095
- Gross Rent Multiplier
- 11.75
- Cap Rate
- 6.44
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.