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24676146
24676165

1103 Creekwood Ct SE, Olympia, WA 98501

PH
WA 82059
Northwest Home Team Realty
Listed by Northwest Home Team Realty
$899,000
357 days on market
Updated 127 days ago

Creekwood Ct

Details
APN 43060002800
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,616
Net Rentable (SqFt) 3,616
Units 4
Cap Rate 4.70%
NOI $41,868
Occupancy 100%
Price per SqFt $249
Broker Co-Op Yes
Class B
Year Built 1992
Year Renovated 2021
Buildings 1
Stories 2
Acreage 0.220
Parking Spaces 11 spaces
Parking per 1,000 SqFt 3.04
Ground Lease No
Sale Condition 1031 exchange

Multifamily | 4 Units | Oly Schools | Fully Rented

Marketing description

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.

Listing Contacts

PH
WA 82059
Northwest Home Team Realty
Listed by Northwest Home Team Realty

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$41,868.00
$3,489.00/mo

Valuation Metrics

0
DSCR
4.66%
Cap Rate
4.66%
ROI

Map

Zoning

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RM-18 ResidentialMulti FamilyResidential Multifamily
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Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

Name
Palmer Higa
License
82059
Brokerage
BHGRE - NW Home TEam
Title
Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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