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321 Lofts & Franklin Loft Apartments
Olympia, WA Downtown Olympia

$13,400,000 USD

Multifamily For Sale  •  78,419 SF

2 Properties View all

Property Details

• Property Type Multifamily
• Cap Rate 6.40 %

70 Transit Score

70 Walk Score

Highlights

Attractive assumable debt at 3.38% rate through May, 2031

Strong employment and lack of new supply bolster submarket fundamentals

Highly walkable 50 Yard Line Historic District location

Superb neighborhood demographics driven by close proximity to top employers

Quality construction with rental upside

Property Flyers

321AndFranklin_Flyer

Financial Summary (Actual)

Net Operating Income: $871,561 USD (2024)

Cap Rate:	6.40 %
Total Expenses:	$362,486 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
	18 min	-	8.0 mi
Airport	Drive	Walk	Distance
Seattle-Tacoma International	70 min	-	49.9 mi