147 Rogers Street NW, Olympia, WA 98502

$898,888

Listing courtesy of Windermere Real Estate Midtown.

List Price
$898,888
Status
ACTIVE
MLS#
1875532
Days on Market
10

Property Description

Own a piece of Olympia History. The Clark House has sat on this prime location for 100 yrs. Originally the land of the first grocer in Olympia, then the current house built by lumber baron Robert Stillman Clark. This house has not been publicly for sale in 50 years. Zoned HDC-1 (High Density Corridor1), it offers maximum flexibility to the next owner: mix of office, moderate to high density multifamily residential, and small business. Currently there is an insurance tenant in the bottom floor, and six rooms upstairs. There are 2 month to month tenants in the building now. Building comes with 13 paved parking spaces & was previously upgraded to accommodate medical offices. Showings on weekends only. Inspection available upon request

Additional Information

Community
Westside
Building Condition
Good
Style
73 - Office
Year Built
1912
# of Assigned Spaces
13
Roof
Composition
Tax Year
2021
Potential Terms
Cash Out, Conventional
Interior Features
Forced Air, Heat Pump, Hardwood, Laminate Hardwood, Wall to Wall Carpet
Flooring
Hardwood, Laminate, Carpet
Driving Directions
From Downtown - 4th Ave - thought 2 traffic circles, then west on Harrison Ave NW - 4 blocks west. Building is on the corner of Harrison and Rogers.
Heating/Cooling Type
Forced Air, Heat Pump, Wall
Electric Expenses
1680
Other Expenses
1000
Energy Source
Electric, Natural Gas
Net Operating Income
$13,625
Gross Adjusted Income
$26,400
Gross Scheduled Income
$78,000
Water/Sewer/Garbage Expenses
$700
Cap Rate
1
Vacancy Rate
50
Total Expenses
$12,775
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