Listed by Thomas Schrader • RE/MAX Parkside Affiliates.
For sale
$2,195,000
Est. $13,076/mo —
2
bd
•
1 ba
•
2,948
sq ft
4004 Wiggins Rd SE, Olympia, WA 98501
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About this home
12 UNITS WITH $20,690/mo (gross) income on 9.7 acreszoned R-4CB. Approx 5 acres could potentially be subdivided for an additional lot! A 4-Unit 2,948sf wood framed structure, with 8 RVs and a stand-alone coin operated laundry! Two storage sheds.
Multi-familyProperty Type
1958Year Built
9.53 acresLot Size
$745Price/Sq.Ft.
2 spacesParking
Listed by Thomas Schrader• RE/MAX Parkside Affiliates
Southeast Olympia, located between Downtown Olympia and Lacey, is a residential and commercial Olympia neighborhood with wooded greenbelts and a lakeside edge. The neighborhood’s character concentrates around the Pacific Avenue SE corridor near the I-5 ramps, where auto shops, local eateries, and everyday services line a busy strip. Long Lake Park frames the area with trails, water access, and picnic lawns, while nearby streets mix mid-century ramblers with newer infill. The Olympia Farmers Market and the Hands On Children’s Museum add a cultural pull just to the northwest. Brewery culture shows up at Three Magnets Brewing Co., and live performance anchors at the Washington Center for the Performing Arts. Commutes and errands often orbit the freeway interchange, while quieter blocks lean into trees and backyards.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Bedrooms
18 possible bedrooms
Two bedrooms in the listed unit
Bathrooms
One bathroom in the listed unit
Kitchen
Range/oven
Refrigerator
Laundry & utility
Washer and dryer in the listed unit
Coin-operated laundry
Flooring
Carpet
Heating & cooling
Radiant heating
No cooling
Exterior features
Partially fenced
Outbuildings
Paved lot
View
Home design
Multi-family property
One story
Parking
RV parking
Two carport spaces
14 uncovered parking spaces
Security
Partially fenced
Construction
Built in 1958
Metal/vinyl and wood construction
Roof details not specified
Foundation details not specified
Utilities
Private well
Septic tank
Power through PSE
Cable and internet availability is buyer's choice
Financial info
Gross scheduled income of $244,320
Gross adjusted income of $248,320
Net operating income of $215,820
Total expenses of $32,501
Gross rent multiplier of 7.98
Electric expense of $10,000
Insurance expense of $2,500
Other expenses of $5,000
Fuel expense of $1
Other
12 units in the building
Possible uses include multifamily, residential, and retail
Electricity and solar
View estimated energy costs and solar savings for this home
To accommodate residential development in areas sensitive to stormwater runoff in a manner and at a density up to 4 units per acre that avoids stormwater related problems e.g., flooding and degradation of environmentally Critical Areas
Permitted uses
Include but are not limited to:
Agriculture
Housing-Group
Housing-Single unit
Housing-Multiple units
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
6 days above 88° expected this year, 12 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
6/10 Air Factor
7 unhealthy days expected this year, 8 days in 30 years
Provided by First Street
Historical weather
Olympia, WA • 98501
Average low and high temperatures (°F)
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73
53
60
45
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42
48
40
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 4004 Wiggins Rd SE
$2,171,642
$23K under list price of $2.20M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $780K to $1.2M.