1220 4th Avenue E, Olympia, WA 98506
- $560,000
Listing courtesy of RE/MAX Realty South.
- List Price
- $560,000
- Status
- ACTIVE
- MLS#
- 1933912
- Days on Market
- 5
Property Description
Rare 1920's gem with original charm and modern updates! Amazing opportunity for high visibility live/work space. This building is zoned residential or commercial, so the sky is the limit. Centrally located, impeccably maintained, historical home. Energy efficient double paned wood windows, original hardwood floors, art deco fireplace, original glass door knobs throughout. Updated electrical and fully replaced sewer line. 5 spacious bedrooms or 6 large offices with fully functional kitchen and large living/conference room. Remarkable number and size of closets for this era home! Full basement with tall ceilings ready to be refinished into additional work space, or separate unit!
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Additional Information
- Community
- Bigelow
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1930
- # of Assigned Spaces
- 3
- Roof
- Composition
- Tax Year
- 2022
- Potential Terms
- Cash Out, Conventional
- Interior Features
- Forced Air, Hardwood, Laminate Tile
- Flooring
- Hardwood, Laminate, Vinyl
- Driving Directions
- Head west on 11th Ave SE toward Jefferson St SETurn right onto Jefferson St SETurn right onto Union Ave SETurn left onto Eastside St SETurn right onto 4th Ave E
- Heating/Cooling Type
- Forced Air
- Electric Expenses
- 1900
- Other Expenses
- 1950
- Energy Source
- Electric, Natural Gas
- Net Operating Income
- $28,354
- Gross Adjusted Income
- $40,176
- Gross Scheduled Income
- $43,200
- Water/Sewer/Garbage Expenses
- $1,900
- Cap Rate
- 26330
- Vacancy Rate
- 7
- Total Expenses
- $12,146
