Thurston County Assessor
Parcel Number: 78507300100
 
Situs Address: 120 WATER ST NW
 
Owner: URBAN OLYMPIA 9 LLC
Address:PO BOX 7534
 OLYMPIA, WA 98507-7534
 
Taxpayer: URBAN OLYMPIA 9 LLC
Address:PO BOX 7534
 OLYMPIA, WA 98507-7534
 
Abbreviated Legal:Section 14 Township 18 Range 2W Quarter NW SW BLA203398OL TR A Document 4811053
 
Date: 2/21/2026
 
Sect/Town/Range:14 18 2W
 
Size:0.52 Acres
UseCode:13 Five-Plus Unit
TCA Number:110
Neighborhood:8BFB
Property Type:APT
Total Living Units:60
Taxable:YES
Active Exemptions:Multi Family Urban Housing
School District:OLYMPIA S.D. #111
 

Market Values

Tax Year2026202520242023202220212020201920182017
Assessment Year2025202420232022202120202019201820172016
 
Market Value Land$2,310,000$1,677,600$513,000$494,200$1,176,500$914,700$296,400$254,600$412,500$379,400
Market Value Buildings$9,571,900$10,821,800$12,466,000$7,682,200      
Market Value Total$11,881,900$12,499,400$12,979,000$8,176,400$1,176,500$914,700$296,400$254,600$412,500$379,400


Commercial Structures

BuildingYear BuiltFloorSquare FeetNo. FloorsTotal Sq. Ft.QualityCondition
APARTMENTS2022212479112479AVERAGEAVERAGE
APARTMENTS2022312479112479AVERAGEAVERAGE
APARTMENTS2022412479112479AVERAGEAVERAGE
APARTMENTS2022512479112479AVERAGEAVERAGE
RETAIL-STORE20221510415104AVERAGEAVERAGE
   
 ---------- 
 55020
 
 

Detached Structures

StructureYear BuiltSquare FeetQualityCondition
 
PVNG-ASPHALT20234600AVERAGEAVERAGE
PVNG-CONCRTE20237100AVERAGEAVERAGE

Land Characteristics

Land Flag6000
 
Lot Square Footage22679
 
Lot Acreage0.52
 
Effective FrontageNot Listed
 
Effective DepthNot Listed
 
Land Influence(s)GV-GOOD-VIEW

Sales

Sale Date:08/22/201809/23/1998
Price:$1,000,000$312,000
Excise:389047262855
Sale Type:STATUTRY WARNTY DEEDSTATUTRY WARNTY DEED
Recording Number:46458333181282
Seller:T&L LLCSCHENKAR DAVID
Buyer:URBAN OLYMPIA 9 LLCT&L LLC
Multiple Parcel Sale:YY
 

The Assessor's Office maintains property records on approximately 112,000 parcels in Thurston County for tax purposes. Though records are updated regularly, the accuracy and timeliness of published data cannot be guaranteed. Any person or entity that relies on information obtained from this website does so at his or her own risk. Neither Thurston County nor the Assessor will be held liable for damage or losses caused by use of this information. All critical information should be independently verified.
 

Office of the Assessor

Steven J. Drew, Assessor
3000 Pacific Ave SE, Olympia WA 98501
Customer Service (360)867-2200 -- Fax (360)867-2201 -- TDD (360)754-2933