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Gibbons House Apartments

1017, Capitol Way, Olympia, WA 98501
$1,675,000

Description

Gibbons House Apartments (Status: Pending)

1017, Capitol Way, 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 located 1 block away.

Listing Details

Asset Class: Multi-Family
Year Built: 1907
Building Total Square Feet: 10032
Available Lease Space Square Feet:
Number of Floors: 3
Total Parking Spaces: 0
Local Zoning Information:

CBA

Listing Courtesy of: Urban Commercial Partners, LLC

Disclaimer: The information contained in this listing has not been verified by Windermere Real Estate/Whatcom, Inc. and should be verified by the buyer.

  • Address: 1017, Capitol Way, Olympia, WA 98501
  • City: Olympia
  • State/county: WA
  • Zip/Postal Code: 98501
  • Neighborhood: Olympia
  • Country: United States

Detail

Updated on January 18, 2022 at 8:48 pm

  • Property ID: 646560
  • Price: $1,675,000.00/For Sale
  • Property Size: 10032 Sq Ft
  • Property Type: Multi-Family
  • Property Status: Pending

Contact info

Windermere Commercial
Windermere Commercial
360-676-5900

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