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3532 Mary Elder Road Ne, 
Olympia, WA 98506

$1,750,000

—

Bed

—

Bath

7,163

Sq Ft

Multi-Family

Pending

Listed by

Lisa Le

, 

Marius Ion

Compass

Last updated:

May 24, 2026, 08:02 AM

MLS#

2339340

Source:

NWMLS

About This Home

3532 Mary Elder Road Ne

Exceptional opportunity to own a fully leased 11-unit transitional housing property in the heart of Olympia, generating a strong $148,073 in annual NOI. Spread across three buildings, this triplex-configured asset delivers consistent performance with long-term tenancy and stable returns. Features include shared laundry and ample off-street parking—enhancing tenant retention in this central location. Residents benefit from close proximity to shopping, dining, and transit. This is an ideal acquisition for impact-focused buyers or investors seeking immediate cash flow and long-term potential. Don’t miss this rare opportunity to own a high-performing asset in one of Olympia’s most accessible neighborhoods.

Home Facts

Multi-Family

Built in 1950

Price Summary

1,750,000

$244 per Sq. Ft.

MLS #:

2339340

Last Updated:

May 24, 2026, 08:02 AM

Rooms & Interior

Interior

Living Area:

7,163 Sq. Ft.

Structure

Structure

Building Area:

7,163 Sq. Ft.

Year Built:

1950

Lot

Lot Size (Sq. Ft):

20,909

Finances & Disclosures

Finances

Price:

$1,750,000

Price per Sq. Ft:

$244 per Sq. Ft.

MLS Logo
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of May 30, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.