$1,675,000
1017 Capitol Way S, Olympia, 98501
Listing Courtesy of
Urban Commercial Partners, LLC
1017 Capitol Way S, Olympia, WA 98501
The Gibbons House is a meticulously maintained asset in Downtown Olympia, just 1.5 blocks from the Capital Campus. Gibbons House consists of 19 residential units total. 11 units are studios which share secure, clean common bathrooms. 5 units are self sufficient studios. There are (2) 1 bed/1 bath units and (1) 2 bed/1 bath units. Historic occupancy has been 99%, as residents enjoy living in the heart of Downtown Olympia in a clean, safe and welcoming environment. 6.0% Cap Rate based on actual income/expenses with Upside Potential. Part of 53-Unit Portfolio including Olympia Court & Anderson House (MLS #1871663).
Source Northwest MLS![MLS Logo](https://cdn.aglty.io/olympic-sir/logos/Symbol-Color-NWMLS.svg)
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PROPERTY DETAILS
- Mls Id1871628
- StatusClosed
- AreaCapital Campus
- Foundation DetailsPoured Concrete
- CarportNo
- CityOlympia
- CountyThurston
- Exterior FeaturesWood
- FireplaceNo
- High School DistrictOlympia
- Living Area0 Square Feet
- Lot Acres0.1653
- Lot Square Feet7200
- New ConstructionNo
- Zip Code98501
- Property TypeMulti-Family
- RoofComposition
- SewerAvailable
- UtilitiesElectric
- WaterfrontNo
- Year Built1918
- Checked For Updates2024-09-07 15:01:41 PDT
Based on information submitted to the MLS GRID as of 2024-09-07 15:01:41 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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