REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Becca McInnis

beccamcinnis@hawkinspoe.com +1(253) 282-8111

Listed by:Century 21 Blue Chip • Greg Pubols

$ 995,000

Est. payment | -/mo

2 Beds

1.75 Baths

2,883 SqFt

Save

$ 995,000

Est. payment | -/mo

Save

2 Beds

1.75 Baths

2,883 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,883 sqft

Price per Sqft $345

Subdivision Olympia

MLS Listing ID 2540889

Style 10 - 1 Story

Bedrooms 2

Full Baths 1

Year Built 1930

Annual Tax Amount $1,036

Lot Size 1.020 Acres

Lot Dimensions 202'x207'x201'x210'

Property Sub-Type Single Family Residence

Property Description

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.

Location

State WA

County Thurston

Area 447 - Olympia North

Rooms

Basement None

Main Level Bedrooms 2

Interior

Flooring Hardwood

Fireplace false

Exterior

Exterior Feature Wood, Wood Products

View Y/N Yes

View Territorial

Roof Type Composition

Building

Lot Description Value In Land

Story One

Sewer Available, Septic Tank

Water Public

New Construction No

Schools

School District North Thurston

Others

Senior Community No

Acceptable Financing Cash, Conventional, Owner Will Carry

Listing Terms Cash, Conventional, Owner Will Carry

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

423 Franz Anderson RD SE Olympia, WA 98501

Becca McInnis

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

GET MORE INFORMATION

Go tour this home

423 Franz Anderson RD SE