Great redevelopment site in Olympias downtown Opportunity Zone. Prominently located near the State Capital this 10,800 SF site is a perfect opportunity for a mixed-use development. This Site features territorial views of the Olympic Mountains and Mount Rainier. Excellent proximity to the State Capital combined with the excellent tax advantages of being in an opportunity zone make this an excellent investment opportunity.
Sold
Listed by: Real Broker LLC
Bought with: RE/MAX Parkside Affiliates
$370,000
1007 Adams Street SE, Olympia, WA 98501
--beds
--baths
2,562sqft
Multi Family
Built in 1901
-- sqft lot
$-- Zestimate®
$144/sqft
$1,800 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,800/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Offers reviewed: Aug 28
Listed by:
Charles Grate,
Real Broker LLC
Bought with:
Kyle Schrader, 122699
RE/MAX Parkside Affiliates
Source: NWMLS as distributed by MLS GRID,MLS#: 2279900
Facts & features
Interior
Heating
- Wall Unit(s), Electric
Cooling
- Wall Unit(s)
Features
- Has fireplace: No
Interior area
- Total structure area: 2,562
- Total interior livable area: 2,562 sqft
Property
Parking
- Total spaces: 4
- Parking features: Open
- Uncovered spaces: 4
Features
- Has view: Yes
- View description: Sound, Territorial
- Has water view: Yes
- Water view: Sound
Lot
- Size: 5,941 sqft
- Features: Paved
Details
- Parcel number: 78506200400
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Products
- Roof: Composition
Condition
- Good
- Year built: 1901
- Major remodel year: 1988
Utilities & green energy
- Electric: Company: Puget Sound Energy
- Sewer: Available, Company: City of Olympia
- Water: Public, Company: City of Olympia
Community & neighborhood
Location
- Region: Olympia
- Subdivision: Olympia
Other
Other facts
- Listing terms: Conventional
- Cumulative days on market: 426 days
Price history
| Date | Event | Price |
|---|---|---|
| 1/3/2025 | Sold | $370,000-2.4%$144/sqft |
Source:  NWMLS as distributed by MLS GRID #2279900 Report a problem | ||
| 8/30/2024 | Pending sale | $379,000$148/sqft |
Source: NWMLS as distributed by MLS GRID #2279900 Report a problem | ||
| 8/22/2024 | Listed for sale | $379,000$148/sqft |
Source: NWMLS as distributed by MLS GRID #2279900 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,949 -19.4% | $376,500 -19.6% |
| 2023 | $4,899 -8.3% | $468,300 -12.5% |
| 2022 | $5,342 +41.1% | $535,500 +69.1% |
| 2021 | $3,787 -4.6% | $316,700 +3.1% |
| 2020 | $3,968 +72.7% | $307,200 -0.1% |
| 2019 | $2,298 -33.7% | $307,400 +64.7% |
| 2018 | $3,467 +25.9% | $186,600 -14.4% |
| 2017 | $2,754 | $217,900 +4.9% |
| 2016 | $2,754 | $207,750 -5.6% |
| 2014 | $2,754 | $220,100 +7.4% |
| 2013 | -- | $205,000 |
| 2012 | $2,732 | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | $1,878 | -- |
| 2008 | -- | -- |
| 2007 | $1,776 -38.7% | -- |
| 2006 | $2,896 +28.5% | -- |
| 2005 | $2,254 | -- |
| 2004 | -- | -- |
Find assessor info on the county website
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 7/10Lincoln Elementary SchoolGrades: K-5Distance: 0.7 mi
- 8/10Washington Middle SchoolGrades: 6-8Distance: 1.9 mi
- 9/10Olympia High SchoolGrades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- Elementary: Lincoln Elementary
- Middle: Wash Mid
- High: Olympia High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Washington
- Thurston County
- Olympia
- 98501
- Downtown
- 1007 Adams Street SE
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