423 Franz Anderson Road SE, Olympia, WA 98501

$1,300,000 Asking Price

2 beds
1 bath
1,848  sqft
Built in 1930

This listing courtesy of:
Keller Williams South Sound, Jason Munoz

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.


Features & Amenities

Interior

General:
Hardwood
Flooring:
Hardwood
A/C:
false, None
Heating:
true, Forced Air
Fireplace:
Electric, Fireplaces: 0

Exterior

General:
Wood, Wood Products
Parking:
Attached Carport, Parking spaces: 2

Construction

Roofing:
Composition
General:
One, Poured Concrete

Location

HOA Amenities:
0.0
Originating MLS:
nwmls
School District:
North Thurston
County:
Thurston

Lot

Topography:
Level
Zoning:
41700200000
View:
Territorial, View

Utilities

Water:
Public
Sewer:
Available, Septic Tank

Financial

Source:
nwmls
Buyers Agent Compensation:
2.5

This listing courtesy of:
Keller Williams South Sound, Jason Munoz

About Olympia, WA

Housing

Number of Units
90,583
Median Home Value
$352,953
Median Rent
$1,185

33.32% of housing units are renter occupied.

4.49% are vacant.

Commute

Car
64.78%
Public Transportation
1.68%
Walk to Work
1.79%
Work from Home
30.45%
Other
0.66%

The median travel time to work is 18 minutes.

People

Population
202,735
Median Age
40.00
Median Household Size
2.68

Education

High School
18.76%
Associate’s Degree
10.68%
Bachelor’s Degree
23.62%
Graduate Degree
16.96%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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