Building Details

Buildings 1

Listing Agency: Greene Commercial q***@greenerealty.com Show Phone

Listed By: Quint Newell · License #WA 113575

Source: Crexi

Added: Apr 12 Changed: Aug 29 Last Checked: Aug 29 at 1:22PM

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Investment Insights

Based on property information with market context.

This Olympia property is configured with two separate living spaces and is currently operated as an Airbnb/VRBO short-term rental. The arrangement provides a defined setup for accommodating guests within one building.

Located at 214 Sherman St NW, the property is close to Downtown Olympia and the Westside. Views extend toward Mt. Rainier, Downtown Olympia, and the Capitol building. Pro forma financials are based on 55% occupancy.

Key Highlights

• Two separate living spaces within one building
• Currently used as an Airbnb/VRBO short‑term rental
• Views of Mt. Rainier, Downtown Olympia, and the Capitol building

Property Analytics

Property Profile

Current Use

Short term rental ...

Suggested Use

Top Pick Pharmacy (Bike/Boat/Book/etc) Store HVAC Service Storage Facility Carpet & Flooring Store Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

641

Businesses Nearby

Explore this area Business Placement

Demographics for 98502, WA

35,698

Population

15,550

Households

2.3

Avg Household Size

41

Median Age

52%

College-Educated

97%

High-School Grad

63.4 sq mi

ZIP Area

563

Density / Sq Mi

$87,154

Median Household Income

$46,404

Median Earnings

$1,569

Median Rent

$496,500

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this short term rental properties located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

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Frequently Asked Questions

What type of property is this?

Short term rental property - Building offers separate accommodations near Downtown Olympia.

Where is this short term rental property located?

The property is located at 214 Sherman St NW Olympia, WA.

What are key features of this property?

This property features: Two separate living spaces within one building; Currently used as an Airbnb/VRBO short‑term rental; Views of Mt. Rainier, Downtown Olympia, and the Capitol building