Listed By:
RE/MAX Parkside Affiliates and NWMLS
422 Franz Anderson Road SE, Olympia, WA
$ 1,550,000
Property Attributes
  • ID#2172980
  • TypeLand
  • CountyTHURSTON
  • CityOlympia
  • AreaOlympia North
  • NeighborhoodOlympia
  • Zip98501
  • StyleMulti-Family
  • Taxes$ 4591
  • Price$ 1,550,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size1.14 Acres
Data Source:
Northwest Multiple Listing Service (NWMLS)
Property Description

THE COTTAGE APARTMENTS - Shovel Ready Plans for a 58 unit, 3-Story, 2-Building project in an area of apartment style living!!! Close to the I-5 freeway, schools, shops and the city of Lacey. Deficient entry housing remains a concern in this area! Two legal lots on 1.14 AC. Flat and partially fenced site, with good geo/soils and all services available.There is an existing partially remodeled home on the smaller lot which is producing rental income. Property zoned commercial HDC-4 in the City of Olympia.

Elementary School Middle School High School
Mountain View Elementary Chinook Mid North Thurston High
Price History
10/18/2023 Listed $1,699,000
3/9/2024 9% - $1,550,000

General Features

Sewer Available
Utilities Natural Gas Available,Electricity Available
Possession Closing
Security Features SecurityGate
View Mountain(s),Territorial
Topography Level
Property SubType Land
Tax Year 2023
Community Features Age Restriction,Airfield,Athletic Court,Boat Launch,CCRs,Club House,Gated,Golf,Park,Playground,Trail(s)
County Thurston
Property Type Land
HOA / Comm Assn No
Subdivision Name Olympia
Possible Use Business,Commercial,Multi-Family,Office,Retail
Special Listing Conditions None
Status Active
Directions LILLY RD NE,to STOLL RD (West),to FRANZ ANDERSON RD (North/Right),property on the right. (House is 414 Franz Anderson Rd).
ModificationTimestamp 2024-05-23T21:06:08.942Z
High School North Thurston High
City Olympia
Buyer Agent Compensation 2.5
View Y/N Yes
Senior Community Y/N Yes
High School District North Thurston
Zoning Description HDC-4
MLS Area 447 - Olympia North
Lot Size Units Square Feet
Lot Size Square Feet 49658
Waterfront Y/N No
Carport Y/N No
Listing Terms Cash Out,Conventional
Elementary School Mountain View Elementary
Tax Annual Amount 4591
Middle/Junior High School Chinook Mid
Public Remarks THE COTTAGE APARTMENTS - Shovel Ready Plans for a 58 unit,3-Story,2-Building project in an area of apartment style living!!! Close to the I-5 freeway,schools,shops and the city of Lacey. Deficient e
Structure Type Multi Family
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Property Features Lightly Treed
Gas Status Available
Zoning Class Business,Commercial,Multi-Family,Office,Retail
Property Style 42 - Multi-Family
NWM_ShowMapLink Yes

Interior Features

Air Conditioning Y/N No
Heating Y/N No
Fireplace Y/N No
Electric On Property Y/N No

Exterior Features

Lot Features Paved
Water Source Available,In Street
Lot Dimensions Varies
Lot Size Acres 1.14
Road Surface Type Paved
Road Responsibility County
Irrigation Water Rights Y/N No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 98501

AVG $820K
AVG $3,639
AVG 269
Data Provided by Inside Real Estate®
AVG 22
Data Provided by Walkscore® not using MLS data