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$1,000,000

  • For Sale
  • Active
  • Multi-Family

Listed by Tommy Lowe | Olympic Sotheby's Int'l Realty | (360) 528-4160 and Jesse Heberlein | Olympic Sotheby's Int'l Realty | (360) 528-4160

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Attention Investors!! Well maintained 4-plex, 2 duplexes, in a great location with a 7.4 cap rate! All 4 units have the same layout and are 2 bedroom, 1 bathroom, 830+/- sqft with one car garages and large fenced back yards. Tenants pay water & garbage and the sewer is on septic so no monthly bills for the owner. Close to all amenities and located on a dead end street.

Full Property Details for 2515 Mitchell Ave NE

General

  • Price: $1,000,000
  • Taxes: $7,996 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2447858
  • Updated: 11/4/2025
  • Added to Site: 85 day(s) ago

Interior

  • Flooring: Vinyl Plank, Carpet

Additional Information

  • Amenities: Cable TV, Fenced-Fully, High Speed Internet, Patio
  • Security/Safety: Fully Fenced

Parking

  • Covered Spaces: 4

Location

  • Area: 447 - Olympia North
  • County: Thurston
  • Subdivision: Bigelow
  • Driving Directions: North on South Bay to Left on Phoenix to Left on Mitchell Ave to address on Left.

School Information

  • High School District: Olympia
  • Elementary School: Buyer To Verify
  • Middle School: Buyer To Verify
  • High School: Buyer To Verify

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard

Utilities

  • Sewer: Septic Tank
  • Water: Public

Structural Information

  • Structure Type: Quadruplex
  • Exterior Const.: Brick, Wood, Wood Products
  • Foundation: Slab
  • Roof: Composition, Metal
  • Stories in Building: 1
  • Square Feet: 3,312
  • Year Built: 1971
  • Property Condition: Good

Unit Information

  • Units in Building: 4

Lot Features

  • Lot Size (Acres): 0.4649
  • Lot Size (Sq. Ft.): 20,250
  • Lot Size Source: Public Records
  • Lot Features: Curbs, Dead End Street, Paved, Sidewalk
  • Zoning: Multi-Family

Financial Considerations

  • Tax Amount: $7,996
  • Tax Year: 2025
  • Terms: Cash Out, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 68900500100

Listed by Tommy Lowe | Olympic Sotheby's Int'l Realty | (360) 528-4160 and Jesse Heberlein | Olympic Sotheby's Int'l Realty | (360) 528-4160

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NMLS#: 1598647

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Schools serving 2515 Mitchell Ave NE

School District:Olympia School District
NameGradesDistance
Olympia Regional Learning Academy B
2400 15th Avenue Southeast, Olympia, WA 98501
K-50.9 mi
Roosevelt Elementary School, Olympia, WA
1417 San Francisco Avenue Northeast, Olympia, WA 98506
K-51 mi
Reeves Middle School
2200 Quince Street Northeast, Olympia, WA 98506
6-81.5 mi
Olympia High School
1302 North Street Southeast, Olympia, WA 98501
9-122.4 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 2515 Mitchell Ave NE Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/24/2025
Listed
$1,000,000
11.11%
MLS
2/12/2023
Sold
$900,000
—
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 2515 Mitchell Ave NE

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,996
30%
$763,300
63%
2021
$6,151
1%
$468,600
-23%
2023
$6,091
-1%
$610,700
28%
2021
$6,151
-15%
$476,600
-13%
2020
$7,249
42%
$548,100
32%
2019
$5,114
9%
$416,300
20%
2018
$4,678
-2%
$347,300
-9%
2017
$4,775
34%
$382,300
30%
2016
$3,575
4%
$294,700
7%
2015
$3,445
5%
$275,450
8%
2014
$3,274
—
$255,900
—
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 Tommy Lowe | Olympic Sotheby's Int'l Realty | (360) 528-4160 and Jesse Heberlein | Olympic Sotheby's Int'l Realty | (360) 528-4160

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2515 Mitchell Avenue NE, Olympia, WA 98506 (MLS# 2447858) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 2515 Mitchell Avenue NE is currently listed for $1,000,000 and was received on October 24, 2025. Want to learn more about 2515 Mitchell Avenue NE? Do you have questions about finding other Multi-Family real estate for sale in Downtown Olympia? You can browse all Downtown Olympia real estate or contact a Coldwell Banker agent to request more information.

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