$6,150,000
Unlock Price Rating!

509 Old Pacific Highway Se, Olympia, WA 98513

- Beds
0 Baths
32,950 Sq Ft

40 Apartments in 3 Buildings in Lacey close to I-5 (Exit 114) and JBLM. Located next to the Nisqually River, and close to City of Lacey/COSTCO/Schools/etc... Great upside potential. BUILDING A (1965) - 12 Units. 8/2BR, 4/1BR. New roof 2021. (Office currently not part of rent roll.). BUILDING B (1973) - 12 Units. 4/3BR, 3/2BR, 5/1BR. New roof 2020. Units 101-106, 201 newly renovated. BUILDING C (1972) - 16 Units. 8/3BR, 4/2BR, 4/1BR. New roof 2021. Unit 10 & 14 being remodeled.No recent flooding (*** 2020 water rise damage due to local power dam release error!). Plenty of parking. And extra 2 acre parcel included (#2180841).OFFER REVIEW DATE: 2/12/2022 (Sat.) at 3:00pm sharp. No offers will be accepted before this date.

  • MLS# 1885047
  • Date Listed01/29/2022
  • Bedrooms -
  • Bathrooms
  • Lot Size 5.6 acres (243,801 sq. ft)
  • Sewer Septic Tank
  • Subdivision Lacey
  • Property Type Multi Family
  • County Thurston
  • Year Built 1965
  • Water Public
  • Square Feet 32,950 sq. ft
  • Price Per Sq. Ft $186.65

Interior Features

  • Flooring Hardwood, Laminate, Carpet, Vinyl
  • Heating Electric

Exterior / Lot Features

  • Roof Composition
  • Lot Size Acres 5.60
  • Lot Size SQFT 243,801.00
  • Lot Features Paved, Waterfront

Financial Considerations

  • Tax Amount $33,050
  • Terms Cash, Conventional, FHA, VA Loan

Nearby Schools

Source: School Digger

Sales & Tax History

Source: Public Records

Population & Environment

Source: Sperling's Best Places

Walkability in WA / 98513

Source: Walkscore

7/100

Car-Dependent

Walk Score ®

30/100

Bikable

Bike Score ®

Overview

Almost all errands require a car. It is possible to get on a bus. Minimal bike infrastructure.

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 5/100, Transit Score: 3/100, Bike Score: 19/100.

Points of Interest near 509 Old Pacific Highway SE, Olympia, WA 98513

Frequently Asked Questions for 509 Old Pacific Highway SE

Source: Realty.com

509 Old Pacific Highway SE, Olympia, WA 98513 is a Multi Family, Residential Income property listed for $6,150,000 The property is 32950 sq. ft with - bedrooms and 0 bathrooms

Realty.com has 19 photos of 509 Old Pacific Highway SE.

Our records indicate that 509 Old Pacific Highway SE was built in 1965.

The full address for this home is 509 Old Pacific Highway SE, Olympia, WA 98513.

509 Old Pacific Highway SE has been listed on Realty.com since Sat January 29, 2022

Almost all errands require a car. It is possible to get on a bus. Minimal bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 5/100, Transit Score: 3/100, Bike Score: 19/100.

There are 3 schools assigned to this home. Check out the schools near 509 Old Pacific Highway SE. Lacey Elementary School (Grades: PK - 5), Nisqually Middle School (Grades: 6 - 8), River Ridge High School (Grades: 9 - 12)

Listing provided courtesy of: Re/max Parkside Affiliates (tel: 360-754-7090)
Listing agent: Thomas Schrader (tel: 360-754-7090) (#777226)

This content last refreshed on 2025-12-08 14:59:46. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Export listing data of 509 Old Pacific Highway SE, Olympia, WA 98513 : MLS# 1885047