MLS #2540889 / Listing provided by NWMLS & Blue Chip Realty.
$995,000
423 Franz Anderson Road SE
Olympia,
WA
98501
Beds
Baths
Sq Ft
Per Sq Ft
Year Built
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.
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Total Bedrooms: 2
- Main Level Bedrooms: 2
- Lower Level Bedrooms: 0
- Upper Level Bedrooms: 0
- Possible Bedrooms: 2
Bathrooms
- Total Bathrooms: 2
- Half Bathrooms: 0
- Three-quarter Bathrooms: 1
- Full Bathrooms: 1
- Full Bathrooms in Garage: 0
- Half Bathrooms in Garage: 0
- Three-quarter Bathrooms in Garage: 0
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: Yes
- Cooling: No
Parking
- Garage Attached: No
- Parking Features: Attached Carport
- Parking Total: 2
Structure
- Roof: Composition
- Exterior Features: Wood, Wood Products
- Foundation: Poured Concrete
Lot Details
- Lot Features: Value In Land
- Acres: 1.02
- Foundation: Poured Concrete
Schools
- High School District: North Thurston
Lot Details
- Lot Features: Value In Land
- Acres: 1.02
- Foundation: Poured Concrete
Power
- Energy Source: Electric, Natural Gas
- Power Company: PSE
Water, Sewer, and Garbage
- Sewer Company: City of Olympia
- Sewer: Available, Septic Tank
- Water Company: City of Olympia
- Water Source: Public
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