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1103 Creekwood Ct SE
Olympia, WA 98501
Creekwood Ct 4-Plex · Multifamily Property For Sale
·
4 Units
Investment Highlights
- Olympia School District
- In-unit washer and dryer
- Individual 1-car garage for each unit
Executive Summary
Fully rented 4-plex in the Olympia School District. Each unit includes its own garage and in-unit washer and dryer, a rare combination that adds convenience and long-term appeal. Three of the four units have been beautifully remodeled top to bottom with updated kitchens, new flooring, and modern finishes. Major exterior updates include new concrete plank siding, newer roof, and windows, ensuring lower maintenance and long-term durability. Located minutes from parks, schools, and shopping, this well-maintained property attracts strong tenant demand. Reliable rental history, desirable unit features, and potential for increased rents make this a smart addition to any portfolio. A solid opportunity for new and seasoned investors.
Property Facts
| Price Per Unit | $291,063 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 4.93% | Building Size | 3,616 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 14 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1992 |
| Property Type | Multifamily | ||
| Zoning | RM-18 | ||
| Price Per Unit | $291,063 CAD |
| Sale Type | Investment |
| Cap Rate | 4.93% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 14 |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 3,616 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1992 |
| Zoning | RM-18 |
Amenities
Unit Amenities
- Balcony
- Storage Space
- Washer/Dryer Hookup
- Double Pane Windows
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $1,918 CAD | 904 |
Property Taxes
| Parcel Number | 43060002800 | Improvements Assessment | $712,020 CAD |
| Land Assessment | $403,924 CAD | Total Assessment | $1,115,943 CAD |
Property Taxes
Parcel Number
43060002800
Land Assessment
$403,924 CAD
Improvements Assessment
$712,020 CAD
Total Assessment
$1,115,943 CAD
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