$736,000
Est. $3,729/mo116 Ne State Avenue #118, Olympia, WA 98501
• Listed 2026-05-05•31 days on market
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Based on information submitted to the MLS GRID as of May 13, 2026 at 12:23am (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Prime Downtown Investment Opportunity – Fully Leased Retail with Rare On-Site Parking Located in the heart of downtown Olympia, this fully renovated mixed-use retail property presents a rare opportunity for investors seeking stable cash flow and long-term upside (Great CAP Rate). This 2000+ SF building features two fully leased retail storefronts, generating consistent income with strong tenant demand in a high-visibility location. Recent upgrades include a brand-new roof and interior renovations, significantly reducing near-term capital expenditures and enhancing tenant appeal. Ideal for investors seeking a turnkey, income-producing asset with both stability and future appreciation potential.
Listed by David Li • We Lakeside
Listing updated: May 13, 2026 at 12:23am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2518287
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116 Ne State Avenue #118, Olympia, WA 98501
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Olympia is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 8 days.
$650,000 Sold
2 days ago
•Single Family
1100 Eastside Street Se #7, Olympia, WA 98501
7%
Under list
—
Days on market
0.9 mi
Distance
$287,500 Sold
4 months ago
2 bd•1 ba•~846 sq ft•Single Family
1001 Legion Way Se, Olympia, WA 98501
4%
Under list
—
Days on market
0.6 mi
Distance
$1,028,500 Sold
5 months ago
4 bd•2.5 ba•~3,011 sq ft•Single Family
203 17th Avenue Sw, Olympia, WA 98501
11%
Under list
—
Days on market
0.9 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jun 2026
School information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.
