210 Bethel St NE, Olympia, WA 98506
27-unit apartment building in thriving Olympia, WA, with strong cap rates.
- Added:
- Feb 4, 2026
- Days on Market:
- 143
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 210 Bethel St NE
General Information
- Standard status
- Active
- Size
- 26,136 SF
- Lot size
- 0.60 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1970
Listing office Berkadia
Listing date Feb 4, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Berkadia
HighLights
- Strong investment opportunity with a 6.92% market cap rate.
- Located in a thriving economic landscape in Olympia, WA.
- 27 units averaging 652 SF each.
- Recent renovations including a new roof and unit upgrades.
- Situated on a 26,136 SF lot in the desirable HDC‑1 zoning area.
- Benefits from the economic diversity of Greater Olympia.
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $627.3k | $24.00 |
| − Vacancy | −$31.4k | −$1.20 |
| EGI | $595.9k | $22.80 |
| − OpEx | −$268.2k | −$10.26 |
| NOI | $327.7k | $12.54 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Olympia
- County
- Thurston
- State
- Washington
- Longitude
- -122.8843051
- Latitude
- 47.0473554
