Offers positive leverage from day one, with with attractive debt options and a going-in cap rate of 6.22%.

Stateside Flats is located just minutes from Downtown Olympia and the State’s Capitol Campus, with a Walk and Bike Score of 87 and 83, providing easy access to transit and major arterials.

Submarket asking rents have increased 20.69% since 2021, demonstrating robust demand and clear income growth potential.

Opportunity to increase NOI by over 11% by bringing all units to market rate with minimal operational expense changes.

In-place rents represent just 15.68% of average household income, ensuring tenant affordability while maintaining substantial room for future rent increases.

Average household income rises from $87,855 within 2 miles to $101,133 within 10 miles, with over 18,000 households within 5 miles earning above $100,000 annually.

55% of housing units within one mile are renter-occupied, compared to 32% metro wide, reflecting a deeply embedded rental community.

Eight miles from the 28-acre Lacey Business Park (home to Amazon, Target, and Home Depot) and one mile from the Port of Olympia, which supports over 5,000 jobs and generates $447 million in business revenue.

An ideal acquisition for 1031 exchange buyers or family offices seeking cash flow from a well-maintained property in a market with strong buyer support and limited inventory.