Historic Olympia Mixed-Use
For Sale
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410 Franklin St SE, Olympia, WA 98501
Mixed-use property with residential and retail in Olympia's Historic District.
Property Size10,454 SF
Price / SF$516.55
Days on Market199
Property Features for 410 Franklin St SE
General Information
Standard status
Active
Size
10,454 SF
Class
B
Property subtype
Multifamily, Retail
Zoning
DB
Building Details
Year Built
1910
Listing Agency:
Berkadia
Listed By:
Chad Blenz · License #WA 125100
Source:
Crexi
Added: Feb 4
Changed: Aug 14
Last Checked: Aug 14 at 6:05AM
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 Berkadia
Investment Insights
Based on property information with market context.
Located at 410 Franklin St SE in Olympia, WA, The Rex is an iconic mixed-use property situated in Olympia’s Historic District. Constructed in 1910 and updated in 2022, this 16,822 NRSF building features 18 residential units and 6 retail spaces. The average apartment size is 465 SF. The property offers immediate cash flow, supported by Olympia's economy and its status as a government hub. Its location is near the State Capitol. Major employers such as Providence St. Peter Hospital and Evergreen State College are in close proximity. The property benefits from the city's strategic growth, waterfront redevelopment plans, and The Port of Olympia’s Vision 2050 Action Plan. The property has a T-12 CAP rate of 6.35% and a market CAP rate of 6.94%.
Key Highlights
- High T‑12 CAP rate of 6.35% and market CAP rate of 6.94% for immediate cash flow.
- Prime location in Olympia's Historic District, steps from the State Capitol.
- Mix of 18 residential units and 6 retail spaces.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,648
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with residential and retail in Olympia's Historic District.
Where is this mixed-use property located?
The property is located at 410 Franklin St SE Olympia, WA.
What is the asking price?
The asking price for this property is $5,400,000.
What are key features of this property?
This property features: High T‑12 CAP rate of 6.35% and market CAP rate of 6.94% for immediate cash flow.; Prime location in Olympia's Historic District, steps from the State Capitol.; Mix of 18 residential units and 6 retail spaces.
