Olympia, WA 98516 1106 Neil Street NE
$1,695,500
10 more
Presented By: Skyline Properties, Inc. and NWMLS
- MLS# 2436644
- 09/25/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 5,200
Home Details
Great Investment. 9-Unit Apartment Complex in Prime Olympia Location! Discover an exceptional investment opportunity with this well-maintained one story 9-unit apartment complex offers a unique chance to acquire a property in a highly sought-after neighborhood. A great blend of spacious units and a prime location, this property promises both steady cash flow and long-term rental history with consistent occupancy. Prime Olympia location just minutes from downtown, local shops, parks, and public transportation Well-maintained building with recent upgrades. Freshly painted exterior. Ample parking spaces/ Laundry facility on site. Close proximity to major employers, schools, and Olympia’s thriving business district.
Presented By: Skyline Properties, Inc. and NWMLS
Interior Features for 1106 Neil Street NE
Bedrooms
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringEngineered Hardwood, Vinyl, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories1
General for 1106 Neil Street NE
AmenitiesCoin Op Laundry
Building Area UnitsSquare Feet
Cap Rate7
Carport Spaces
Carport Y/NNo
CityOlympia
CoolingNone
CountyThurston
Directionsuse GPS and please don’t disturb tenants.
Electric Expense
Elementary SchoolBuyer To Verify
Fuel Expense
HOANo
HOA Fee$
HeatingDuctless
High SchoolBuyer To Verify
High School DistrictNorth Thurston
Insurance Expense2858
Leasable Area5200
Listing TermsCash Out, Conventional, FHA, VA Loan
Lot Size Square Feet26547
Lot Size UnitsSquare Feet
MLS Area451 – Hawks Prairie
Middle/Junior High SchoolBuyer To Verify
ModificationTimestamp2025-09-25T17:58:13.641Z
NWM_ShowMapLinkY
Net Operating Income113549
New ConstructionNo
Number Of Units Total9
Open Parking Spaces14
PossessionNegotiable
Possible UseCommercial, Multi-Family
Property ConditionGood
Property Style55 – 5-9 Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksGreat Investment. 9-Unit Apartment Complex in Prime Olympia Location! Discover an exceptional investment opportunity with this well-maintained one story 9-unit apartment complex offers a unique chanc
RoofFlat
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameThompson Place
Tax Annual Amount15957
Tax Year2025
Units Below Gradefalse
Units In Building Total9
ViewTerritorial
Water Companycity of Lacey
Water Sewer Garbage7108
Year Built1973
Zoning DescriptionCommercial, Multi-Family
Exterior for 1106 Neil Street NE
Building Area Total5200
Covered Spaces
Exterior AmenitiesWood, Wood Products
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesPaved
Lot Size Acres0.6094
Parking Uncovered Spaces14
Site FeaturesCable TV, High Speed Internet
Total Parking14
Waterfront Y/NNo
Additional Details
Price History
Schools
Elementary School
Buyer To Verify Elementary School
Middle School
Buyer To Verify Middle School
High School
Buyer To Verify High School
Josh QA1
REALTOR ® SRES ®