Price reduction - current cap rate of 6.52% trending to 8.81%. Olympia Portfolio: value-add 15-unit in NW Olympia. Proximity to Capital Mall for retail, groceries, and dining. Well-connected to transportation. 7 contiguous parcels - four townhomes (built 2007, 2009), single-family home (1934), 6-unit apartment with standalone retail (1947), single parcel containing a house, cottage and converted garage unit (1935). Nearby to parks and Evergreen State College. Thoughtfully maintained with high curb appeal. Fully occupied, potential for rent increases and interior renovations. Parcels offer flexibility and significant value-add component.
Sold
Listed by: The Foundation Group LLC
Bought with: The Foundation Group LLC
$2,495,000
333 Division Street NW, Olympia, WA 98502
--beds
--baths
10,338sqft
Multi Family
Built in 1935
-- sqft lot
$992,100 Zestimate®
$241/sqft
$1,341 Estimated rent
Home value
$992,100
$714,000 - $1.37M
$1,341/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Ethan Szmania,
The Foundation Group LLC,
Aaron Locke,
The Foundation Group LLC
Bought with:
Ethan Szmania, 125178
The Foundation Group LLC
Source: NWMLS as distributed by MLS GRID,MLS#: 2164199
Facts & features
Interior
Heating
- Baseboard, Electric
Cooling
- Has cooling: Yes
Features
- Flooring: Vinyl, Carpet
- Has fireplace: No
Interior area
- Total structure area: 10,338
- Total interior livable area: 10,338 sqft
Property
Parking
- Total spaces: 27
- Parking features: Open
- Carport spaces: 1
- Covered spaces: 4
- Uncovered spaces: 22
Features
- Patio & porch: Wall to Wall Carpet
Lot
- Size: 0.81 Acres
- Features: Corner Lot, Sidewalk
Details
- Parcel number: 09300038000
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- See Remarks
- Foundation: Poured Concrete
- Roof: Composition,See Remarks
Condition
- Good
- Year built: 1935
- Major remodel year: 1990
Utilities & green energy
- Sewer: Sewer Connected, Company: City Sewer
- Water: Public
Community & neighborhood
Location
- Region: Olympia
- Subdivision: Westside
Other
Other facts
- Cumulative days on market: 834 days
Price history
| Date | Event | Price |
|---|---|---|
| 12/30/2025 | Listing removed | $1,950 |
Source: Zillow Rentals Report a problem | ||
| 12/15/2025 | Price change | $1,950-2.5% |
Source: Zillow Rentals Report a problem | ||
| 11/11/2025 | Price change | $2,000-4.8% |
Source: Zillow Rentals Report a problem | ||
| 10/22/2025 | Listed for rent | $2,100-4.3% |
Source: Zillow Rentals Report a problem | ||
| 4/29/2024 | Sold | $2,495,000-2.2%$241/sqft |
Source:  NWMLS as distributed by MLS GRID #2164199 Report a problem | ||
| 2/6/2024 | Pending sale | $2,550,000$247/sqft |
Source: NWMLS as distributed by MLS GRID #2164199 Report a problem | ||
| 1/30/2024 | Price change | $2,550,000-8.9%$247/sqft |
Source: NWMLS as distributed by MLS GRID #2164199 Report a problem | ||
| 9/21/2023 | Listed for sale | $2,800,000$271/sqft |
Source: NWMLS as distributed by MLS GRID #2164199 Report a problem | ||
| 8/3/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 8/1/2023 | Listed for rent | $2,195 |
Source: Zillow Rentals Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,231 +3.8% | $403,500 +3.6% |
| 2023 | $4,076 +11.9% | $389,500 +6.7% |
| 2022 | $3,644 +2.4% | $365,000 +22.6% |
| 2021 | $3,559 +8.7% | $297,600 +17.4% |
| 2020 | $3,275 +22.4% | $253,400 +7.6% |
| 2019 | $2,676 -2.7% | $235,600 +8.3% |
| 2018 | $2,749 +31.9% | $217,500 +19.9% |
| 2017 | $2,084 | $181,400 +5.3% |
| 2016 | $2,084 | $172,200 +3.5% |
| 2014 | $2,084 +5.9% | $166,400 |
| 2012 | $1,968 | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | $1,615 | -- |
| 2008 | -- | -- |
| 2007 | $1,614 -28.9% | -- |
| 2006 | $2,269 +52.3% | -- |
| 2005 | $1,490 | -- |
| 2004 | -- | -- |
| 2002 | -- | -- |
| 2001 | $1,111 +8.5% | $71,100 +9% |
| 2000 | $1,024 | $65,200 |
Find assessor info on the county website
Neighborhood: 98502
Nearby schools
GreatSchools rating
- 5/10Garfield Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 9/10Jefferson Middle SchoolGrades: 6-8Distance: 0.3 mi
- 8/10Capital High SchoolGrades: 9-12Distance: 0.6 mi
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Estimated market value
$992,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$992,100
- Washington
- Thurston County
- Olympia
- 98502
- 333 Division Street NW
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