609-613 Capitol Way S
Olympia, WA 98501
The Elks Building · Multifamily Property For Sale
·
41 Units
Property Facts
| No. Units | 41 | Lot Size | 0.20 AC |
| Property Type | Multifamily | Building Size | 28,567 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1919 |
| Building Class | C | ||
| Zoning | DB, Olympia | ||
| No. Units | 41 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 28,567 SF |
| No. Stories | 4 |
| Year Built | 1919 |
| Zoning | DB, Olympia |
Amenities
Unit Amenities
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
About 609-613 CAPITOL WAY S , OLYMPIA, WA 98501
CALL FOR OFFERS: Monday, November 4, 2019. The Elks Building is an opportunity for any prospective investor to take a building that has been maintained throughout it's 100 year life and update it to a level to achieve top end rents in the Olympia market. With many different floor plans, the Elks maintains a charm that new construction buildings simply cannot compete with. The Elks just needs a potential investor to come in with a vision to put those new construction level finishes in this building to raise rents and boost value. This building is located in the Historic District of Olympia, with parks and retail just steps away from the Elk's front door. With the Washington State Capitol campus only blocks away, downtown Olympia has a reliable employment base, along with secondary jobs associated with government operations. The vast majority of development in Olympia is located outside of the urban center, so the Elks will benefit from new employees moving to the city who want to live close to work.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 9 | $789.00 | 577 |
| 1+1 | 21 | $810.00 | 667 |
| 2+1 | 9 | $996.00 | 577 - 630 |
Property Taxes
| Parcel Number | 78500700300 | Improvements Assessment | $3,094,900 |
| Land Assessment | $612,300 | Total Assessment | $3,707,200 |
Property Taxes
