PROPERTIES FOR SALE

423 Franz Anderson Road SE Olympia, WA 98501

NWMLS Courtesy of Century 21 Blue Chip
423 Franz Anderson Road SE
Olympia, WA 98501
$995,000
Residential
2 Beds
1.75 Baths
2883 SqFt
Active
Share: Share to FacebookShare to TwitterShare to BlueSkyLinked inEmail
Exceptional investment and redevelopment opportunity in one of Olympia’s fastest-growing corridors! Situated on approximately one acre and surrounded by newer residential development, this property is zoned HDC-4, allowing for significant density and a wide range of housing options. Preliminary analysis indicates the potential for approximately 60–70 units with building heights up to 75 feet (buyer to verify all development potential with the City of Olympia). The existing home provides immediate utility while plans are made for future development, creating an ideal hold-and-develop scenario. With strong demand for housing, excellent access to shopping, services, and major transportation routes, this is a rare chance to secure a high-density site in a rapidly evolving area. Whether you're a builder, developer, or investor, the possibilities here are substantial. Opportunities like this are increasingly hard to find—bring your vision and capitalize on the growth happening all around you. Buyer to verify all information to their satisfaction. All utilities are on site. Sewer stub is now available right at the property line.

Property Features

Community: Olympia
1 Story
View: Territorial
Exterior: Wood
Exterior: Wood Products
Roof: Composition
Parking: Attached Carport
Year Built: 1930
2026 Taxes: $1036.00
Buyer Broker Comp.: 2.5%
Listing #: 2540889

Lot Details

Lot Size: 1.02 acres
Lot Dimensions: 202'x207'x201'x210'
Value In Land

Interior

Cooling: None
Heating: Forced Air
Electric
Natural Gas

Schools

District: North Thurston
Call or Email:
Grace Wamwere

What's Near 423 Franz Anderson Road SE Olympia, WA 98501?

More Homes Near 423 Franz Anderson Road SE Olympia, WA 98501

Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
DMCA Notice
Board of Ethics