Olympia - Phil Harlan
1/20
Listing Courtesy Of: Keller Williams South Sound, Jason Munoz, Northwest Multiple Listing Service
Overview
What It'll Cost
Neighborhood
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$1,200,000
423 Franz Anderson Road SE, Olympia, WA 98501
2 Beds
1 Bath
1,848 sq ft
1.02 ac
$1,200,000

423 Franz Anderson Road SE, Olympia, WA 98501

Estimation provided by Keller Williams Realty Inc.
2 Beds
1 Bath
1,848 sq ft
1.02 ac
Active
For Sale

Property Description

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.

Property Details

Compare This Home
Overview
Property Type
Residential
Property Size
1,848 sq ft
Year Built
1930
HVAC
Forced Air
Parking
2 Parking Spaces
Phil Harlan, REALTOR
Keller Williams South Sound
2596

Activity History

VIEWS
0
SAVES
0
SHARES
0
Data provided by Keller Williams Realty, Inc.
Upcoming Open Houses
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Purchase Price: $1,200,000
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Price & Tax History

Date
Event
Price
02/06/2025
Price Decrease
$1,200,000
(-7.69%)
04/25/2024
Listed
$1,300,000
(+420.59%)
08/04/2016
Sold
$249,719
Year
Property Tax
Assessed Value
Assessed Value is a combination of the land and additions.
2024
$5,518
(+1.31%)
$561,000
Land 186,200 + Additions 374,800
2023
$5,446
(-1.14%)
$548,100
Land 137,700 + Additions 410,400
2022
$5,509
(+13.46%)
$453,000
Land 137,300 + Additions 315,700
2021
$4,855
(+11.49%)
$373,000
Land 119,700 + Additions 253,300
2020
$4,355
(+15.21%)
$373,000
Land 119,700 + Additions 253,300
2019
$3,780
(-5.04%)
$343,100
Land 88,000 + Additions 255,100
2018
$3,981
$326,500
Land 77,000 + Additions 249,500
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.

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Transit & Commute

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Car-Dependent Walkable Very Walkable
Phil Harlan, REALTOR
Keller Williams South Sound
2596

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