Unique Investor or Developer Opportunity in Downtown Olympia! Don't miss this one! Listing includes a duplex and 7-plex on one parcel and a leased parking lot. Under market rents, all tenants on month to month tenancy. Units offer a mix of studios and one-bedrooms. Parking spots lease for $30/mo with over 20 stalls! Close to downtown, waterfront, and shopping. Zoned UR (Urban Residential), allows for high-rise redevelopment or mixed-use opportunities!
Active
Listed by: Olympic Sotheby's Int'l Realty • Jeff Weeks
$1,050,000
906 908 Adams Street SE, Olympia, WA 98501
--beds
--baths
4,776sqft
:
Get pre-qualified$6,632/mo
Multi Family
Built in 1901
-- sqft lot
$993,900 Zestimate®
$220/sqft
$-- HOA
What's special
- 158 days |
- 228 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
Jeff Weeks,
Olympic Sotheby's Int'l Realty,
Quint Newell,
Greene Commercial
Source: NWMLS as distributed by MLS GRID,MLS#: 2481889
Facts & features
Interior
Heating
- Forced Air, Electric, Natural Gas
Cooling
- None
Features
- Flooring: Hardwood, Vinyl, Carpet
- Has fireplace: No
Interior area
- Total structure area: 4,776
- Total interior livable area: 4,776 sqft
Property
Parking
- Uncovered spaces: 24
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.33 Acres
- Features: Curbs, Paved, Sidewalk, Cable TV, Gas Available, High Speed Internet
Details
- Parcel number: 68700000300
- Zoning description: Multi-Family,Residential,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 5-9 Units
- Property subtype: Multi Family
Materials
- Wood Siding, Wood Products
- Foundation: Block, Slab
- Roof: Composition
Condition
- Fair
- Year built: 1901
- Major remodel year: 1964
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: City of Olympia
- Water: Public, Company: City of Olympia
Community & HOA
Community
- Subdivision: Olympia
Location
- Region: Olympia
Financial & listing details
- Price per square foot: $220/sqft
- Tax assessed value: $676,200
- Annual tax amount: $10,082
- Date on market: 2/18/2026
- Cumulative days on market: 159 days
- Listing terms: Conventional
Estimated market value
$993,900
$944,000 - $1.04M
$1,934/mo
Price history
| Date | Event | Price |
|---|---|---|
| 2/19/2026 | Listed for sale | $1,050,000$220/sqft |
Source:  NWMLS as distributed by MLS GRID #2481889 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $7,084 -26.8% | $676,200 -27% |
| 2023 | $9,677 +21.5% | $926,000 +15.9% |
| 2022 | $7,963 +68.1% | $798,700 +101.4% |
| 2021 | $4,738 -5.9% | $396,500 +1.6% |
| 2020 | $5,036 +30.5% | $390,100 +9.9% |
| 2019 | $3,860 -15.8% | $355,000 +13.1% |
| 2018 | $4,582 +38.8% | $314,000 +2.3% |
| 2017 | $3,302 | $306,800 +42.7% |
| 2016 | $3,302 | $215,000 -18.6% |
| 2014 | $3,302 | $264,000 |
| 2010 | -- | -- |
| 2009 | $2,592 | -- |
| 2008 | -- | -- |
| 2007 | $2,614 -32.8% | -- |
| 2006 | $3,890 +50.9% | -- |
| 2005 | $2,578 | -- |
| 2004 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 7/10Lincoln Elementary SchoolGrades: K-5Distance: 0.8 mi
- 8/10Washington Middle SchoolGrades: 6-8Distance: 1.9 mi
- 9/10Olympia High SchoolGrades: 9-12Distance: 1.8 mi
Schools provided by the listing agent
- 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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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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