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$5,100,000

  • For Sale
  • Active
  • Multi-Family

Listed by Justin Kraft | Highmark Partners | (206) 778-8521

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Introducing STATESIDE FLATS located at 210 Bethel St NE, Olympia, WA 98506. 27 units with 32 parking stalls, offering a lucrative investment listed at $5.3 million. Conveniently situated just blocks from downtown Olympia and the state capitol, residents enjoy easy access to transit and major roadways for seamless commuting. With a current cap rate of 6.31%, there is ample potential for a new owner to capitalize on rental upside. The property underwent significant renovations over the past three years, totaling approximately $600,000, including interior updates such as new flooring and cabinets, alongside exterior enhancements like new siding, roof replacement, and landscaping upgrades. *Disclosure Broker is part of the ownership group

Full Property Details for 210 Bethel St NE

General

  • Price: $5,100,000
  • Taxes: $34,143 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2272921
  • Updated: 10/20/2025
  • Added to Site: 535 day(s) ago

Interior

  • Flooring: Vinyl Plank

Parking

  • Uncovered Spaces: 32

Location

  • Area: 447 - Olympia North
  • County: Thurston
  • Subdivision: Capital Campus
  • Driving Directions: Follow I-5 S to Pacific Ave SE in Olympia. Take exit 107 from I-5 S Continue on Pacific Ave SE to your destination

School Information

  • High School District: Olympia

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard

Utilities

  • Sewer: Sewer Connected

Structural Information

  • Structure Type: Multi Family
  • Exterior Const.: Wood Products
  • Foundation: Block
  • Roof: Flat
  • Stories in Building: 3
  • Square Feet: 18,088
  • Year Built: 1970
  • Property Condition: Updated/Remodeled

Unit Information

  • Units in Building: 27

Lot Features

  • Lot Size (Acres): 0.6029
  • Lot Size (Sq. Ft.): 26,261
  • Lot Size Source: Public Records
  • Lot Features: Corner Lot
  • Zoning: Multi-Family

Financial Considerations

  • Tax Amount: $34,143
  • Tax Year: 2024
  • Terms: See Remarks

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 99000657000

Listed by Justin Kraft | Highmark Partners | (206) 778-8521

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 210 Bethel St NE

School District:Olympia School District
NameGradesDistance
Roosevelt Elementary School, Olympia, WA
1417 San Francisco Avenue Northeast, Olympia, WA 98506
K-50.6 mi
Reeves Middle School
2200 Quince Street Northeast, Olympia, WA 98506
6-81.2 mi
Olympia High School
1302 North Street Southeast, Olympia, WA 98501
9-122 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 210 Bethel St NE Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/20/2025
Price Reduced
$5,100,000
-3.77%
MLS
8/01/2024
Listed
$5,300,000
53.94%
MLS
6/29/2021
Sold
$3,443,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 210 Bethel St NE

Year
Property Taxes
Change
Tax Assessment
Change
2025
$41,653
65%
$3,980,200
95%
2021
$25,236
-35%
$2,040,000
-48%
2023
$38,792
54%
$3,894,700
99%
2021
$25,236
4%
$1,957,600
7%
2020
$24,195
32%
$1,831,000
23%
2019
$18,297
-22%
$1,491,400
-14%
2018
$23,421
14%
$1,740,300
6%
2017
$20,557
14%
$1,648,450
11%
2016
$17,986
-8%
$1,485,700
-5%
2015
$19,601
-1%
$1,570,400
1%
2014
$19,807
—
$1,551,700
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Justin Kraft | Highmark Partners | (206) 778-8521

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210 Bethel Street NE, Olympia, WA 98506 (MLS# 2272921) is a Multi-Family property with 0 units containing 0 bedrooms and 0 full bathrooms. 210 Bethel Street NE is currently listed for $5,100,000 and was received on August 01, 2024. Want to learn more about 210 Bethel 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.

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