423 Franz Anderson Road SE, Olympia, WA 98501 (MLS # 2233034)
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Listing provided courtesy of Northwest MLS; Keller Williams South Sound
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An exceptional opportunity presents itself 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.
| LAST UPDATED | 2/6/2025 | TRACT | Olympia |
|---|---|---|---|
| YEAR BUILT | 0 | COMMUNITY | Olympia |
| COUNTY | Thurston | STATUS | Active |
| PROPERTY TYPE(S) | Lot/Land/Acreage |
| PRICE HISTORY | |
| Prior to Feb 6, '25 | $1,300,000 |
|---|---|
| Feb 6, '25 - Today | $1,200,000 |
| ADDITIONAL DETAILS | |
| AREA | 447 - Olympia North |
|---|---|
| HEAT | None |
| LOT | 1.02 acre(s) |
| LOT DESCRIPTION | Level |
| MLS STATUS | Active |
| STYLE | 42 - Multi-Family |
| SUBDIVISION | Olympia |
| TAXES | 5518 |
| UTILITIES | Electricity Connected, Natural Gas Available, Sewer Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Territorial |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 5/6/25 8:38 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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