Active

Listed by:

Jason Munoz,

Keller Williams South Sound

$1,200,000

423 Franz Anderson Road SE, Olympia, WA 98501

2beds

1,848sqft

Est.:

Single Family Residence

Built in 1930

1.02 Acres Lot

$-- Zestimate^®

$649/sqft

$-- HOA

What's special

Bustling thoroughfare

Exceptional opportunity with this multi-family development prospect in Olympia, WA. Situated off of Martin Way, a bustling thoroughfare, between three recently established and fully occupied multifamily developments, this parcel is primed for similar success. Preliminary conceptual plans indicate the potential for up to 60 units. Its advantageous proximity to St. Peter's Hospital underscores its strategic location. Centrally positioned between Olympia and Lacey, tenants will enjoy convenient access to a variety of amenities including retail, dining, and Interstate-5, facilitating a seamless commute to Joint Base Lewis McChord (JBLM) for military personnel, as well as civilian, and state employees. This is zoned HDC-4 in the City of Olympia.

630 days

403

0

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1
Main level bathrooms: 1
Main level bedrooms: 2

Bedroom

Level: Main

Bedroom

Level: Main

Bathroom full

Level: Main

Dining room

Level: Main

Entry hall

Level: Main

Kitchen without eating space

Level: Main

Living room

Level: Main

Heating

Forced Air, Electric, Natural Gas

Cooling

None

Features

Flooring: Hardwood
Has fireplace: No
Fireplace features: Electric

Interior area

Total structure area: 1,848
Total interior livable area: 1,848 sqft

Property

Parking

Total spaces: 2
Parking features: Attached Carport
Carport spaces: 2

Features

Levels: One
Stories: 1
Entry location: Main
Has view: Yes
View description: Territorial

Lot

Size: 1.02 Acres
Features: Value In Land
Topography: Level

Details

Parcel number: 41700200000
Zoning: HDC-4
Zoning description: Jurisdiction: City
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Wood Siding, Wood Products
Foundation: Poured Concrete
Roof: Composition

Condition

Year built: 1930

Utilities & green energy

Electric: Company: PSE
Sewer: Available, Septic Tank, Company: City of Olympia
Water: Public, Company: City of Olympia

Community & HOA

Community

Subdivision: Olympia

Location

Region: Olympia

Financial & listing details

Price per square foot: $649/sqft
Tax assessed value: $430,400
Annual tax amount: $5,518
Date on market: 4/26/2024
Cumulative days on market: 638 days
Listing terms: Cash Out,Conventional,Owner Will Carry

Estimated market value

Not available

Estimated sales range

Not available

$1,901/mo

Price history

Date	Event	Price
2/6/2025	Price change	$1,200,000-7.7%$649/sqft
Source: NWMLS #2233034 Report a problem
5/4/2024	Listed for sale	$1,300,000+420.6%$703/sqft
Source: NWMLS #2233030 Report a problem
8/12/2016	Sold	$249,719-0.1%$135/sqft
Source: NWMLS #938025 Report a problem
5/18/2016	Pending sale	$249,950$135/sqft
Source: Windermere Professional Partners #938025 Report a problem
5/14/2016	Listed for sale	$249,950-23.1%$135/sqft
Source: Windermere Professional Partners #938025 Report a problem