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$1,560,000
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Property Description
Great Investment. 9-Unit Apartment Complex located in the Tanglewood area of Olympia. very Private and surrounded by trees. An exceptional investment opportunity with this well-maintained one story 9-unit complex which offers a unique chance to acquire a property in a highly sought-after neighborhood. A great blend of spacious units and a prime location, this property promises both steady cash flow and long-term rental history with consistent occupancy. Just minutes from downtown, local shops, parks, and public transportation Well-maintained building with recent upgrades. Freshly painted exterior. Ample parking spaces/ Laundry facility on site. Close proximity to major employers, schools, and Olympia's thriving business district.
Full Property Details
Full Property Details for 1106 Neil St NE
General
- Sold For: $1,560,000
- Taxes: $15,957 (2025)
- Status: Closed
- Type: Multi-Family
- Source: NWMLS
- MLS ID: 2436644
- Added to Site: 115 day(s) ago
Interior
- Flooring: Engineered Hardwood, Vinyl, Carpet
Additional Information
- Amenities: Cable TV, High Speed Internet
Parking
- Uncovered Spaces: 14
Location
- Area: 451 - Hawks Prairie
- County: Thurston
- Subdivision: Thompson Place
- Driving Directions: use GPS and please don't disturb tenants.
School Information
- High School District: North Thurston
- Elementary School: Buyer To Verify
- Middle School: Buyer To Verify
- High School: Buyer To Verify
Heating & Cooling
- Cooling Type: None
- Heating Type: Ductless
Utilities
- Sewer: Sewer Connected
Structural Information
- Structure Type: Multi Family
- Exterior Const.: Wood, Wood Products
- Foundation: Poured Concrete
- Roof: Flat
- Stories in Building: 1
- Square Feet: 5,200
- Year Built: 1973
- Property Condition: Good
Unit Information
- Units in Building: 9
Lot Features
- Property View: Territorial
- Lot Size (Acres): 0.6094
- Lot Size (Sq. Ft.): 26,547
- Lot Size Source: assessor
- Lot Features: Paved
- Zoning: Commercial, Multi-Family
Financial Considerations
- Tax Amount: $15,957
- Tax Year: 2025
- Terms: Cash Out, Conventional, FHA, VA Loan
Disclosures and Reports
- Special Conditions: None
- Property ID: 61930004700
Listed by Jeff Pollock | Skyline Properties, Inc. | (253) 604-6000
Sold by Ronald Rougeaux | eXp Realty
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Schools
Schools serving 1106 Neil St NE
School District:North Thurston Public Schools
| Name | Grades | Distance |
|---|---|---|
Olympic View Elementary School, Lacey, WA 1330 Horne Ave NE, Lacey, WA 98516 | K-5 | 0.5 mi |
Nisqually Middle School 8100 Steilacoom Road Southeast, Lacey, WA 98503 | 6-8 | 1.1 mi |
River Ridge High School 350 River Ridge Drive Southeast, Lacey, WA 98513 | 9-12 | 1.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1106 Neil St NE
Date
Details
Price
Change
Source
11/21/2025
Sold
$1,560,000
-7.99%
MLS
9/25/2025
Listed
$1,695,500
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1106 Neil Street NE, Olympia, WA 98516 (MLS# 2436644) is a Multi-Family property that was sold at $1,560,000 on November 21, 2025. Want to learn more about 1106 Neil Street NE? Do you have questions about finding other Multi-Family real estate for sale in Olympia? You can browse all Olympia real estate or contact a Coldwell Banker agent to request more information.

