Multi-Tenant Residential Income
For Sale
Contact for pricing
120 UNION AVE SE, Olympia, WA 98501
Two-story commercial-class building with multiple occupants and an established income-property configuration.
Property Size12,900 SF
Lot Size0.30 Acres
Price / SF$46.51
Days on Market14
Property Features for 120 UNION AVE SE
General Information
Standard status
Active
Size
12,900 SF
Lot size
0.30 Acres
Property subtype
Multifamily, Special Purpose
Zoning
CAP
Building Details
Year Built
1956
Buildings
1
Stories
2
Units
32
Tenancy
Multi
Abandoned
No
Listing Agency:
GovDeals
Listed By:
Angela Jones · License #IL
Source:
Crexi
Added: Aug 7
Changed: Aug 14
Last Checked: Aug 18 at 6:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of GovDeals
Investment Insights
Based on property information with market context.
Located at 120 Union Avenue SE in Olympia, Washington, this residential income property consists of a 12,900-square-foot, two-story commercial-class structure on 0.30 acres. Built in 1956, the building is configured for multiple tenants and is currently occupied. The property is zoned CAP and is offered in its existing condition, on an “as is, where is” basis.
The sale is being conducted through an online GovDeals auction, with bidding scheduled to close October 8, 2026. A letter of intent is required to participate. The offering includes the real property and its existing multi-tenant building configuration.
The sale is being conducted through an online GovDeals auction, with bidding scheduled to close October 8, 2026. A letter of intent is required to participate. The offering includes the real property and its existing multi-tenant building configuration.
Key Highlights
- 12,900‑square‑foot, two‑story commercial‑class structure
- 0.30‑acre property at 120 Union Avenue SE, Olympia, WA
- Currently occupied by multiple tenants
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,508
Businesses Nearby
Explore this area
Business Placement
Demographics for 98501, WA
45,274
Population
19,969
Households
2.3
Avg Household Size
40
Median Age
48%
College-Educated
97%
High-School Grad
34.9 sq mi
ZIP Area
1,297
Density / Sq Mi
$95,695
Median Household Income
$55,909
Median Earnings
$1,600
Median Rent
$485,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-story commercial-class building with multiple occupants and an established income-property configuration.
Where is this residential income property located?
The property is located at 120 UNION AVE SE Olympia, WA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 12,900‑square‑foot, two‑story commercial‑class structure; 0.30‑acre property at 120 Union Avenue SE, Olympia, WA; Currently occupied by multiple tenants
