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Multifamily Property for Sale in Tumwater, WA

829 Israel Road

829 Israel Road SW, Tumwater, WA 98501
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Price $2,624,166

Listing Information

  • # Units -
  • Total Bldg SF 12,984
  • Parcel SF 31,363
  • Year Built/ Renovated -
  • Price/SF $202.11
  • Price/Unit -
  • Cap Rate 6.00%
  • Average Unit SF -
Additional Property Details

829 Israel Road SW presents the opportunity to acquire a well-maintained, 16-unit apartment community in the heart of Tumwater. The property is comprised of sixteen spacious, two-bedroom, one-bath residences of approximately 850 square feet. Units feature open living and dining areas, fully equipped kitchens with dishwashers, and private patios or balconies with additional storage. The property is conveniently located along a public transit route, directly across from Tumwater High School and near shopping, services, employment centers, and Interstate 5. Its established residential location and historically desirable two-bedroom floor plans provide an attractive foundation for stable operations, while offering potential to increase income through continued interior upgrades and strategic rent growth. With limited availability of smaller multifamily assets in the Tumwater market, 829 Israel Road offers investors an opportunity to acquire a manageable, well-located community in one of Thurston County’s most established and accessible residential areas. See flyer for financial information.

Property Information

  • Property Type -
  • Year Built/Reno. -
  • Parcel # -
  • Zoning -