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    • Listed by: Olympic Sotheby's Int'l Realty • Tommy Lowe
    Bought with: eXp Realty
    $932,000

    2515 Mitchell Avenue NE, Olympia, WA 98506

    8beds
    4baths
    3,312sqft
    Quadruplex, Multi Family
    Built in 1971
    -- sqft lot
    $929,300 Zestimate®
    $281/sqft
    $2,227 Estimated rent

    Home value

    $929,300

    $864,000 - $994,000

    $2,227/mo

    Zestimate® history
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    $5,741/mo

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    What's special

    One car garages
    Attention Investors!! Well maintained 4-plex, 2 duplexes, in a great location with a 7.4 cap rate! All 4 units have the same layout and are 2 bedroom, 1 bathroom, 830+/- sqft with one car garages and large fenced back yards. Tenants pay water & garbage and the sewer is on septic so no monthly bills for the owner. Close to all amenities and located on a dead end street.

    Zillow last checked:

    Listing updated:

    Listed by:

    Tommy Lowe,

    Olympic Sotheby's Int'l Realty,

    Jesse Heberlein,

    Olympic Sotheby's Int'l Realty

    Bought with:

    Marv Nicholson, 26822

    eXp Realty

    Source: NWMLS as distributed by MLS GRID,MLS#: 2447858MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    Heating
    • Baseboard, Electric
    Cooling
    • None
    Features
    • Flooring: Vinyl Plank, Carpet
    • Has fireplace: No
    Interior area
    • Total structure area: 3,312
    • Total interior livable area: 3,312 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Garage
    • Garage spaces: 4
    Lot
    • Size: 0.46 Acres
    • Features: Curbs, Dead End Street, Paved, Sidewalk, Cable TV, Fenced-Fully, High Speed Internet, Patio
    Details
    • Parcel number: 68900500100
    • Zoning description: Multi-Family,Jurisdiction: City
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: 4-Plex
    • Property subtype: Quadruplex, Multi Family
    Materials
    • Brick, Wood Siding, Wood Products
    • Foundation: Slab
    • Roof: Composition,Metal
    Condition
    • Good
    • Year built: 1971

    Utilities & green energy

    • Electric: Company: PSE
    • Sewer: Septic Tank, Company: Septic
    • Water: Public, Company: City of Olympia
    • Utilities for property: Comcast, Comcast

    Community & HOA

    Community
    • Subdivision: Bigelow
    Location
    • Region: Olympia

    Financial & listing details

    • Price per square foot: $281/sqft
    • Tax assessed value: $763,300
    • Annual tax amount: $7,996
    • Date on market: 1/6/2026
    • Cumulative days on market: 197 days
    • Listing terms: Conventional

    Price history

    DateEventPrice
    3/18/2026Sold$932,000-6.8%$281/sqft
    Source: NWMLS as distributed by MLS GRID #2447858 Report a problem
    2/9/2026Pending sale$1,000,000$302/sqft
    Source: NWMLS as distributed by MLS GRID #2447858 Report a problem
    11/4/2025Listed for sale$1,000,000$302/sqft
    Source: NWMLS as distributed by MLS GRID #2447858 Report a problem
    10/31/2025Pending sale$1,000,000$302/sqft
    Source: NWMLS as distributed by MLS GRID #2447858 Report a problem
    10/24/2025Listed for sale$1,000,000+11.1%$302/sqft
    Source: NWMLS as distributed by MLS GRID #2447858 Report a problem
    2/20/2023Sold$900,000-5.3%$272/sqft
    Source: NWMLS as distributed by MLS GRID #2019794 Report a problem
    1/12/2023Pending sale$950,000$287/sqft
    Source: NWMLS as distributed by MLS GRID #2019794 Report a problem
    12/1/2022Listed for sale$950,000$287/sqft
    Source: NWMLS as distributed by MLS GRID #2019794 Report a problem
    12/2/2017Listing removed$1,100
    Source: Stability Properties, LLC Report a problem
    11/27/2017Listed for rent$1,100
    Source: Stability Properties - Property # 432168 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$7,996 +3%$763,300 +2.7%
    2023$7,766 +27.5%$742,900 +21.6%
    2022$6,091 +8.8%$610,700 +30.3%
    2021$5,598 -9%$468,600 -1.7%
    2020$6,151 +20.3%$476,600 -13%
    2019$5,114 +9.3%$548,100 +31.7%
    2018$4,678 +35.8%$416,300 +8.9%
    2017$3,445 $382,300 +29.7%
    2016$3,445 $294,700 +7%
    2014$3,445 $275,450
    2011-- --
    2009$3,434 --
    2008-- --
    2007$3,205 -36.1%--
    2006$5,019 +79.2%--
    2005$2,800 --
    2004-- --
    2002-- --
    2001$2,613 -2%$167,900 -1.6%
    2000$2,667 $170,600
    Find assessor info on the county website

    Neighborhood: Upper Eastside

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    Estimated market value
    $929,300
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    Estimated market value
    $929,300

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