Listed by John L. Scott, Inc
$2,900,000
PENDING

1220 Fern St SW Olympia, WA 98502

South Westside Neighborhood

Estimated payment $18,712/month

Total Views 3,188
36 Beds
31 Baths
16,280 Sq Ft
$178 Price per Sq Ft

Highlights

  • 0.91 Acre Lot
  • Deck
  • Ceramic Tile Flooring
  • Thurgood Marshall Middle School Rated A-
  • No HOA
  • Partially Fenced Property

About This Home

Welcome to Twin Peaks Apartments; 16 units in convenient Olympia location. Nice mix of 2 and 3 bedroom units spread over two buildings, parking with carports, decks and partially fenced. Well maintained interiors, washer/dryer in the units and within minutes of the freeway (101), area retail, Capital Mall, Evergreen State College and Capitol Lake. Work done recently includes repair to a retention pond drain and roof repair. All units are currently occupied.

Listing Agent

Eric Uyeji

John L. Scott, Inc License #10901

John L. Scott, Inc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2360261

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $30,684

Year Built

  • Built in 1996

Lot Details

  • 0.91 Acre Lot
  • Partially Fenced Property

Home Design

  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 16,280 Sq Ft Home
  • 3-Story Property

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 36 Bedrooms
  • 31 Bathrooms

Parking

  • 22 Parking Spaces
  • Open Parking

Additional Features

  • Deck
  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association
  • Olympia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 12822221300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$30,684

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1996
  • MLS Status: Pending - Backup Offer Requested
  • Prev Status: Pending
  • New Construction: No
  • CalculatedSquareFootage: 16280
  • Special Features: None
  • Cumulative Days on Market: 7

Interior Features

  • Total Bedrooms: 36
  • Fireplace: No
  • Flooring: Ceramic Tile, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Construction Type: Metal/Vinyl
  • Exterior Features: Metal/Vinyl
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 16
  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 22
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Wall Unit(s)
  • Heating Yn: Yes
  • WaterSewerGarbage: 21878

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Olympia

Lot Info

  • Parcel Number: 12822221300
  • Lot Size Acres: 0.91
  • Lot Size Sq Ft: 39639
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially
  • MLSLotSizeSource: TCR
  • MLSSquareFootageSource: TCR

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 10.3
  • LeasedItems: None
  • TotalMonthlyIncome: 25007

Multi Family

  • Gross Scheduled Income: 282779
  • Net Operating Income: 172366
  • Number Of Units Total: 16
  • Electric Expense: 1973
  • Insurance Expense: 11000
  • Leasable Area: 16280
  • EnergySource: Electric
  • UnitsInBuildingTotal: 16
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2025
  • Tax Annual Amount: 30684

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2025 04/23/25 Pending -- -- --
04/18/2025 04/18/25 For Sale $2,900,000 -- $178 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2360261

Northwest Multiple Listing Service (NWMLS)

Washington Thurston County Olympia 98502 South Westside

1220 Fern St SW, Olympia, WA

Homes for Sale in Olympia, WA

This home is located at 1220 Fern St SW, Olympia, WA 98502 and is currently priced at $2,900,000, approximately $178 per square foot. This property was built in 1996. 1220 Fern St SW is a home located in Thurston County with nearby schools including Julia Butler Hansen Elementary School, Thurgood Marshall Middle School, and Capital High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. ©2025 NWMLS.

Listing Agent
Eric Uyeji
Section Image
John L. Scott, Inc
(360) 727-0894