Welcome to the perfect investment opportunity! This exceptional property features four spacious 2-bedroom, 1-bath units. Highly desired West Olympia location. Well maintained condition, fresh exterior paint, rents are currently below market value, it offers an excellent return on investment. Each unit has their own garage as well as 1 reserved space along with ample guest parking. Situated in a vibrant community, it fosters long-term tenancies and remarkable profitability. Current cap rate at 4.2% with realistic cap rate at 7.18% at market rent. Contact us now to maximize returns on this exceptional investment!
Sold
Listed by: Mondau Real Estate • Phil Mondau
Bought with: Skyline Properties, Inc.
$873,000
2116 Soroya Court SW, Olympia, WA 98502
--beds
--baths
4,532sqft
Quadruplex, Multi Family
Built in 1977
-- sqft lot
$-- Zestimate®
$193/sqft
$1,660 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,660/mo
Zestimate® history
Owner options
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$1,660/mo
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$1,660/mo
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$5,465/mo
Est. payment
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$5,465/mo
Est. payment
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List your homeWhat's special
Reserved spaceLong-term tenanciesFresh exterior paint
Zillow last checked:
Listing updated:
Listed by:
Phil Mondau,
Mondau Real Estate
Bought with:
Aaron Nelson, 127645
Skyline Properties, Inc.
Source: NWMLS as distributed by MLS GRID,MLS#: 2125549
Facts & features
Interior
Heating
- Baseboard, Electric, Wood
Cooling
- None
Features
- Flooring: Ceramic Tile, Vinyl, Carpet
- Has fireplace: No
Interior area
- Total structure area: 4,532
- Total interior livable area: 4,532 sqft
Property
Parking
- Total spaces: 8
- Parking features: Open
- Covered spaces: 4
- Uncovered spaces: 4
Features
- Patio & porch: Ceramic Tile, Wall to Wall Carpet
- Has view: Yes
- View description: Territorial
Lot
- Size: 9,522 Square Feet
- Features: Cul-De-Sac, Curbs, Dead End Street, Paved, Cable TV, Deck, High Speed Internet
Details
- Parcel number: 65240002100
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 4-Plex
- Property subtype: Quadruplex, Multi Family
Materials
- Wood Siding, Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Average
- Year built: 1977
- Major remodel year: 1982
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: City of Olympia
- Water: Public, Company: City of Olympia
- Utilities for property: Xfinity, Xfinity
Community & HOA
Community
- Subdivision: Westside
HOA
- HOA fee: $139 monthly
Location
- Region: Olympia
Financial & listing details
- Price per square foot: $193/sqft
- Tax assessed value: $870,100
- Annual tax amount: $6,324
- Date on market: 7/9/2023
- Cumulative days on market: 1109 days
- Listing terms: Conventional,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 10/10/2023 | Sold | $873,000-2.5%$193/sqft |
Source:  NWMLS as distributed by MLS GRID #2125549 Report a problem | ||
| 9/12/2023 | Pending sale | $895,000$197/sqft |
Source: NWMLS as distributed by MLS GRID #2125549 Report a problem | ||
| 8/4/2023 | Price change | $895,000-8.2%$197/sqft |
Source: NWMLS as distributed by MLS GRID #2125549 Report a problem | ||
| 6/9/2023 | Listed for sale | $975,000+186.8%$215/sqft |
Source: NWMLS as distributed by MLS GRID #NWM2125549 Report a problem | ||
| 11/29/2011 | Sold | $340,000-30%$75/sqft |
Source: NWMLS as distributed by MLS GRID #157011 Report a problem | ||
| 9/1/2005 | Sold | $486,000+25.5%$107/sqft |
Source: NWMLS as distributed by MLS GRID #25097649 Report a problem | ||
| 1/28/2005 | Sold | $387,200+64.1%$85/sqft |
Source: Public Record Report a problem | ||
| 8/22/2001 | Sold | $235,900$52/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $9,113 +55.2% | $870,100 +54.9% |
| 2023 | $5,873 -7.1% | $561,600 -11.4% |
| 2022 | $6,325 +46.1% | $634,200 +75.1% |
| 2021 | $4,328 -15.7% | $362,100 -9% |
| 2020 | $5,136 +51.9% | $397,800 +5.7% |
| 2019 | $3,380 -22.7% | $376,500 +37% |
| 2018 | $4,373 +15.2% | $274,900 -10.1% |
| 2017 | $3,796 | $305,800 +11.8% |
| 2016 | $3,796 | $273,450 -9.9% |
| 2014 | $3,796 | $303,600 +1.3% |
| 2013 | -- | $299,600 |
| 2012 | $3,614 | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | $3,202 | -- |
| 2008 | -- | -- |
| 2007 | $3,156 -44.8% | -- |
| 2006 | $5,720 | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
Find assessor info on the county website
Neighborhood: South Westside
Nearby homes
- $567,000-- bd-- ba-- sqft2108 Soroya Ct SW, Olympia, WA 98502Off Market
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Nearby schools
GreatSchools rating
- 5/10Julia Butler Hansen Elementary SchoolGrades: PK-5Distance: 1.9 mi
- 7/10Thurgood Marshall Middle SchoolGrades: 6-8Distance: 1.8 mi
- 8/10Capital High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- High: Capital 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
- 98502
- South Westside
- 2116 Soroya Court SW
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