213 4th Ave E, Olympia, WA
Downtown Olympia mixed-use property with retail space and apartments.
- Added:
- Aug 25, 2025
- Days on Market:
- 307
- Last Refresh:
- May 20 at 8:34 pm
Property Features for 213 4th Ave E
General Information
- Standard status
- Active
- Size
- 5,964 SF
- Lot size
- 0.08 Acres
- Property subtype
- RETAIL
Listing office RE/MAX Parkside Affiliates (360) 480-9387
Listing date Aug 25, 2025
Source Moodyscre
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 RE/MAX Parkside Affiliates
HighLights
- Downtown Olympia location.
- Mixed‑use property with retail and apartments.
- Large 6,000sf street‑level retail space featuring a full kitchen, bar, and bathrooms.
- Seven 1BR/1BTH apartments.
- On‑site laundry for the apartments.
- Income‑generating potential from both the retail space and apartments.
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 | $143.1k | $24.00 |
| − Vacancy | −$7.2k | −$1.20 |
| EGI | $136.0k | $22.80 |
| − OpEx | −$61.2k | −$10.26 |
| NOI | $74.8k | $12.54 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Olympia
- County
- Thurston
- State
- Washington
- Longitude
- -122.8996998
- Latitude
- 47.0448077
