4-Unit
New
For Sale
$899,000
3411 Stoll, Olympia, WA 98501
Fully occupied residential income property with individual storage sheds for each unit.
Property Size2,320 SF
Price / SF$387.50
Days on Market7
Property Features for 3411 Stoll
General Information
Standard status
Active
Size
2,320 SF
Property subtype
Multi-family
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR
Multifamily Units
4
Additional Details
Gross Income
$96,000
Amenities
Washer/Dryer
storage sheds for each unit
fenced rear yard area
parking in front
Building Details
Year Built
1968
Listing Agency:
RE/MAX Parkside Affiliates
Listed By:
Thomas Schrader · License #118109
(360) 480-9387
Source:
Skylineproperties
Added: Oct 4
Changed: Oct 10
Last Checked: Oct 10 at 2:14AM
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
Investment Insights
Based on property information with market context.
Built in 1968, this four-unit property includes one two-bedroom unit, a washer and dryer, and a storage shed for each residence. Recent remodeling, a fenced rear yard, and parking at the front round out the property’s features.
The property is fully occupied and located near shopping, a bus stop, and I-5.
The property is fully occupied and located near shopping, a bus stop, and I-5.
Key Highlights
- Four‑unit residential property; fully occupied
- One two‑bedroom unit
- Storage shed for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,556
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$631,120
$631.1K
Cap Rate 7%
$450,800
$450.8K
Cap Rate 9%
$350,622
$350.6K
Market Conditions
NOI Build-Up for 2,320 SF
Gross rent
$47.3K $20.40/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$45.1K $19.43/SF
− OpEx
−$13.5K −$5.83/SF
NOI
$31.6K $13.60/SF
Area
Thurston County, WA
Vacancy
4.75%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$631,120
Cap Rate 7%
$450,800
Cap Rate 9%
$350,622
Alternative Uses
Best Use
Multifamily LT 5
$450.8K
$394.5K – $525.9K
NOI $31,556 @ 7.0% cap · market cap 3.51%
Second Best
Apartment 5plus
$415.6K
$363.7K – $484.9K
NOI $29,093 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$679.3K
$594.4K – $792.5K
NOI $47,551 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,637
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied residential income property with individual storage sheds for each unit.
Where is this quadplex located?
The property is located at 3411 Stoll Olympia, WA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Four‑unit residential property; fully occupied; One two‑bedroom unit; Storage shed for each unit
