5 XX Boulevard Road SE, Olympia, WA 98501 (MLS # 2562734)

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Listing provided courtesy of Northwest MLS; Keller Williams Realty PS

PRICE $99,950 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE n/a
LOT SIZE 5,781 sqft
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Outstanding opportunity in a highly desirable Olympia location! Lot zoned for 4-8 units per acre, 53' X 110' and commercial zoning is across the street. Ideal for multifamily units (buyer to verify). All utilities are in the street. The adjacent lot with two houses that are currently rented is also for sale, offering immediate returns with future upside. 523 is 769 sq. ft., built in 1962, and has been updated with a newer roof, flooring, and siding, and rented for $1,670.00 a month, while the front home, 521, is 839 sq. ft., built in 1965 and needs some TLC (currently rented for a VERY low $787.50, month to month). Both are 2 bedrooms, 1 bath + carport. Purchase both lots for even a bigger footprint. With alley access available (buyer to verify). A rare combination of location, income, and development potential! Do not disturb the tenants in the houses. What a great investment!

LAST UPDATED 7/31/2026 TRACT Olympia
YEAR BUILT 0 COMMUNITY Olympia
COUNTY Thurston STATUS Active
PROPERTY TYPE(S) Lot/Land/Acreage

SCHOOLS
Elementary School Buyer To Verify
Jr. High School Buyer To Verify
High School Buyer To Verify


ADDITIONAL DETAILS
AREA 447 - Olympia North
HEAT None
LOT 5780 sq ft
LOT DESCRIPTION Paved
MLS STATUS Active
STYLE 40 - Res-Less thn 1 Ac
SUBDIVISION Olympia
TAXES 1824.27
UTILITIES Electricity Available, Natural Gas Available, Sewer Available
VIEW Yes
VIEW DESCRIPTION Territorial
ZONING Residential,See Remarks
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Properties with the Logo 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 8/2/26 9:04 PM 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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