Introducing The Rex at 410 Franklin St SE in Olympia, WA. This iconic property nestled in Olympia’s Historic District presents a unique investment opportunity with 18 residential units and 6 retail spaces. The 16,822 NRSF building built in 1910 and updated in 2022 boasts an average apartment size of 465 SF. Experience immediate cash flow with a remarkable T-12 CAP rate of 6.64% and Market CAP rate of 7.26%. Located steps away from the State Capitol, The Rex enjoys the stability of Olympia's economy supported by its government hub and diverse economic sectors. With the city's strategic growth and transformation underway, investing in The Rex means aligning with Olympia's future vision and waterfront redevelopment plans. Seize the opportunity to be part of Olympia's promising future. Benefit from the property's proximity to major employers like Providence St. Peter Hospital and Evergreen State College while capitalizing on the long-term potential driven by The Port of Olympia’s Vision 2050 Action Plan. Don't miss out on this exclusive chance to own a piece of history in Olympia's evolving landscape.